Airfare turbulence slowed down Canada’s inflation rate to 2.2% last month

The annual pace of inflation slowed more than expected in September dragged down by turbulence in the airfare prices and a slower rise in the price of gasoline compared with August. Statistics Canada said Friday the consumer price index in» 


Part-time job gains drive up September job numbers

Canada’s economy cranked up 63,000 jobs in September, edging the unemployment rate lower to 5.9 per cent, and offsetting job losses in August, Statistics Canada reported Friday. However, almost all of the September job gains came from an increase in» 


Canada’s economy grew by 0.2% in July, Statistics Canada says

Boosted by unexpected strength in the manufacturing sector, Canada’s economy grew by 0.2 per cent in July, Statistics Canada reported Friday. The moderate gain, which surprised economists who were expecting an increase of 0.1 per cent, followed an essentially flat reading» 


Inflation eases in August thanks to slower rise in gas prices

Canada’s annual inflation rate eased to 2.8 per cent in August largely driven by slower rise in gasoline prices, Statistics Canada reported Friday. The data agency reported that prices were up in all eight major components. The transportation index rose at» 

Economy, International, Politics

Venezuela: economic crisis, exodus, instability

Venezuela, once a prosperous country, is suffering from hyper inflation, a major economic crisis, and an ongoing exodus of its population to neighbouring countries. Donald Kingsbury is a lecturer of Political Science and Latin American Studies at the University of» 


Inflation rate cools slightly to 2.2% in April

Canada’s annual inflation rate cooled slightly last month to 2.2 per cent after having increased to 2.3 per cent in March, Statistics Canada reported Friday. The federal data agency’s inflation reading for April came in a little lower than predicted» 

Immigration & Refugees, International, Society

Immigrants crucial for Canada’s economic growth: think-tank

A pro-business think tank has issued a report showing that if Canada were to shut its doors to immigrants completely, its labour force and economic growth would shrink significantly. Canada is unlikely to stop immigration, but a senior researcher with» 


Canadian wages rise as job numbers see slight decline

Canadian wages hit their highest rate of growth in over five years in April but the economy lost 1,100 jobs after adding 32,000 jobs in March. Average hourly wages in April were 3.6 per cent higher than they were a» 


Economy grew by better-than-expected 0.4% in February

Canada’s gross domestic product grew by 0.4 per cent in February, driven by a rebound in the mining and oil and gas extraction sector. Fifteen of 20 economic sectors expanded, as the economy grew faster than predicted by most economists.» 


Gas prices, Ontario minimum wage hike help propel annual inflation

Canada’s annual inflation rate crept up higher to hit 2.3 per cent in March but the increase was not as steep as expected by most economists. The March figures from Statistics Canada show inflation hovering just above the Bank of Canada’s»