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Economy News

Islamic State earns $800M a year from oil: IHS

The Islamic State is earning about $2 million USD a day, or $800 million USD a year, selling oil on the black market, IHS Inc. estimated.

Posted on 10-20-2014 at 2:45 PM

Falling oil prices could cost Ottawa $3B over next year: BMO

Ottawa is facing a $3-billion hit to its bottom line over the coming year due to the recent drop in oil prices, according to a new analysis by BMO Capital Markets.

Posted on 10-17-2014 at 6:08 PM
Canadian factory sales post fastest fall since 2009

Canadian factory sales post fastest fall since 2009

Canadian factory sales fell from a record high in August, with the fastest decline in more than five years led by a decrease in automobile shipments.

Posted on 10-16-2014 at 11:33 AM
U.S. economy growing at modest to moderate pace: Beige Book

U.S. economy growing at modest to moderate pace: Beige Book

The U.S. economy expanded at a "modest to moderate" pace across much of the nation in recent weeks, the Federal Reserve said on Wednesday, giving a picture of stable economic growth despite...

Posted on 10-15-2014 at 2:08 PM

Loonie rises as jobs report shows growth in September

The currency rose against most of its major peers after Canada’s jobless rate fell to the lowest in almost six years in September

Posted on 10-10-2014 at 9:36 AM

Canada pumps out 74,100 jobs as jobless rate drops to 6.8%

The Canadian economy added a greater-than-expected 74,100 jobs last month, pushing the unemployment rate down two notches to its lowest level since December, 2008.

Posted on 10-10-2014 at 9:12 AM

IMF cuts growth outlook, warns on euro zone, Japan

The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big...

Posted on 10-07-2014 at 9:20 AM

Loonie drops after surprise trade deficit

The Canadian dollar fell to its lowest point in six months against the U.S. dollar after the nation posted an unexpected trade deficit in August, bolstering the Bank of Canada’s cautious...

Posted on 10-03-2014 at 11:24 AM

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