Category: Economy

Mar 14

Is South America the answer to Canada’s trade diversification dilemma

Breadcrumb Trail Links News Economy Talks with Mercosur trade bloc have been in the works for years, but some question whether a deal would move the needle Published Mar 14, 2025  •  4 minute read The Christ the Redeemer statue in Rio de Janeiro, Brazil. Last year Brazilian exports to Canada increased nine per cent […]
Mar 12

Royal Bank of Canada cuts prime rate to 4.95%, following Bank of Canada’s lead

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 […]
Mar 10

Five Toronto-area men charged after commercial break-ins in Guelph, Ont.

Article content Police say five men from the Greater Toronto Area have been charged in an investigation into commercial break-ins that saw hundreds of thousands of dollars in thefts in Guelph, Ont., and other areas. Article content Guelph police say the investigation that began in December involves break-ins at nine convenience stores and one auto […]
Mar 10

Bank of Canada expected to cut interest rate on Wednesday as trade uncertainty with U.S. continues

Breadcrumb Trail Links News Economy Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent Published Mar 10, 2025  •  3 minute read Tiff Macklem, governor of the Bank of Canada, at the Hilton Mississauga Meadowvale, on Feb. 21, 2025. Photo by Peter J. Thompson/National […]
Mar 6

Truckers scramble for new routes as tariffs bring shipments to a halt

Article content MONTREAL — Trucking companies have begun to halt shipments, mull layoffs and scramble for new routes as tariffs wreak havoc on cross-border trade. Article content The lead-up to U.S. President Donald Trump’s sweeping 25 per cent tariff on Canadian imports as well as retaliatory duties from Canada that took effect Tuesday prompted a […]
Mar 4

Canadians say they will stop buying U.S. products as Trump’s tariffs take effect

Article content HALIFAX — Canadians say they are ready to use their wallets to fight the trade war with the United States, which began today as President Donald Trump imposed 25 per cent tariffs on Canadian goods. Article content Haligonians interviewed today said they are focused on buying Canadian whenever possible, and many said they […]
Feb 28

Ottawa posts $21.7 billion deficit for April-to-December period

Article content The result compared with a deficit of $23.6 billion for the same period a year earlier. According to the Finance Department’s monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories. Program expenses excluding net actuarial losses amounted […]