Tag: Economy

Oct 24

New Brunswick must address ballooning trade deficit, says former chief economist 

Breadcrumb Trail Links News Economy The province exceeded exports by more than $8 billion in 2022 Published Oct 24, 2024  •  4 minute read Liberal Leader Susan Holt is pictured in uptown Saint John on Sept. 20. Photo by Brice McVicar/Brunswick News Article content New Brunswick premier-designate Susan Holt’s pledge to improve the province’s decaying […]
Oct 18

For first time in 25 years, majority of Canadians say there is too much immigration

Breadcrumb Trail Links News Economy Public support for newcomers is sinking, poll finds ahead of the release of government targets Get the latest from Naimul Karim straight to your inbox Sign Up Published Oct 18, 2024  •  Last updated 7 minutes ago  •  3 minute read Public support for the number of newcomers coming into Canada […]
Oct 13

Economists predict inflation dipped below two per cent in September

Breadcrumb Trail Links PMN PMN Business Author of the article: The Canadian Press Rosa Saba Published Oct 13, 2024  •  3 minute read Article content Economists expect inflation continued its downward trend last month, giving the Bank of Canada the all-clear to continue cutting its benchmark interest rate. “We are looking for headline inflation to […]
Oct 11

Bank of Canada 50-bps-cut not a ‘sure thing’: Economists on the jobs numbers

Breadcrumb Trail Links News Economy Unemployment rate falls, raising doubts about a bigger interest rate cut Published Oct 11, 2024  •  Last updated 26 minutes ago  •  3 minute read Canada’s unemployment rate unexpectedly fell as job gains beat expectations, bolstering the Bank of Canada’s case for gradual rate cuts and raising hopes of a soft […]
Oct 8

Statistics Canada reports $1.1B merchandise trade deficit for August

Article content OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July. The initial reading for July released last month pointed to a surplus of […]
Oct 4

Ongoing turmoil at ports making it ‘very difficult’ for Canadian businesses to plan

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 […]
Sep 23

Trumponomics: the radical plan that would reshape America’s economy

Breadcrumb Trail Links Financial Times Economy Republican candidate is promising sweeping tariffs. Critics warn they would cause huge damage and heighten global tensions Author of the article: Financial Times Colby Smith, Claire Jones and James Politi in Washington Published Sep 23, 2024  •  Last updated 2 minutes ago  •  11 minute read Republican presidential candidate and […]
Sep 13

Mohamed El-Erian: The big question is what comes next after the Fed cuts rates on Wednesday

Breadcrumb Trail Links Financial Times Economy Bond investors could easily be caught off guard if liquidity conditions fail to loosen significantly Author of the article: Financial Times Mohamed El-Erian Published Sep 13, 2024  •  3 minute read The Federal Reserve building in Washington, D.C. Fed officials have become overly data dependent, warns economist Mohamed El-Erian. […]
Sep 10

Bank of Canada governor warns trade disruptions could put pressure on inflation

Breadcrumb Trail Links News Economy Tiff Macklem urges Canada to reduce trade barriers Published Sep 10, 2024  •  3 minute read Bank of Canada Governor Tiff Macklem says global trade has shifted thanks in large part to the West’s changing relationship with China. Photo by Sean Kilpatrick /The Canadian Press Article content Slowing globalization and […]
Sep 6

Here’s a quick glance at unemployment rates for August, by Canadian city

Article content OTTAWA — The national unemployment rate was 6.6 per cent in August. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers […]