Economy, Society

Nearly half of Canadians within $200 of insolvency: poll

Nearly half of Canadians (46 per cent) reported being within $200 of insolvency as of the end of the holiday season, according to the latest MNP Consumer Debt Index conducted by Ipsos. In addition, nearly six-in-ten (57 per cent) said» 


Inflation rate ticks up to 2% in December

Canada’s annual inflation rate surprised economists by rebounding to two per cent last month as higher costs for airfares and fresh vegetables offset cheaper prices at the pump, Statistics Canada saidFriday. December’s uptick came after inflation slowed down to just 1.7» 

Economy, International, Politics

General Motors: Firm on Oshawa closure

Union vows to continue pressure to maintain production The General Motors carmaker has had a major presence in the Oshawa area for some 100 years.  During the Second World War, the plant was a critical factor in the Allied victory» 


Bank of Canada maintains key interest rate at 1.75%

With global economic growth projected to slow down in 2019 and increasing signs that the U.S.-China trade war is weighing on global demand and commodity prices, Canada’s central bank decided to keep its key interest rate unchanged today. The Bank» 


Inflation dips to lowest point in 2018

The annual pace of inflation rose to 1.7 per cent in November, the slowest pace since January, and the largest one-month drop since May 2012, Statistics Canada said in a report Wednesday. November’s readings followed a 2.4-per-cent increase in October.» 


Bank of Canada holds key interest rate steady at 1.75%

The Bank of Canada left its key interest rate unchanged today as it tries to weigh the impact of the slowing global economy and trade wars on the Canadian economy. The central bank is holding its benchmark rate at 1.75» 


Canada must diversify economy, says professor

The closure of the General Motors plant in Oshawa, Ontario will be hard on the workers and on the region, but it will not affect the Canadian economy as a whole, says Bernie Wolf, a professor of economics and international» 


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»