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Economy News

IMF slashes U.S. outlook, but sees better 2015

IMF slashes U.S. outlook, but sees better 2015

The International Monetary Fund slashed its outlook for U.S. economic growth this year, the latest reminder of the toll an unusually difficult winter took on the country’s recovery.

Posted on 7-23-2014 at 2:59 PM
S&P 500 rises to record on Apple, biotech results; Dow retreats

S&P 500 rises to record on Apple, biotech results; Dow retreats

The Standard & Poor’s 500 index rose to an all-time high, as Apple Inc. boosted technology companies and health-care shares rallied amid earnings. Boeing Co.’s results dragged the Dow...

Posted on 7-23-2014 at 2:45 PM
Strong auto sales drive retail sales in May to new record

Strong auto sales drive retail sales in May to new record

Strong car sales helped push Canadian retail trade up by 0.7 percent in May to $41.98-billion, eclipsing April’s record sales, Statistics Canada reported on Wednesday.

Posted on 7-23-2014 at 9:13 AM
Alberta oil dominates an increasingly unbalanced Canadian economy

Alberta oil dominates an increasingly unbalanced Canadian economy

In Canada’s economy there’s Alberta, and there’s everywhere else.

Posted on 7-23-2014 at 8:23 AM

U.S. consumer inflation rises on high gasoline prices

U.S. consumer prices rose in June as the cost of gasoline surged, but the underlying trend remained consistent with a gradual build-up of inflationary pressures.

Posted on 7-22-2014 at 9:30 AM
Most Canadians unfazed by worst labour market slump since 2009

Most Canadians unfazed by worst labour market slump since 2009

Canada's worst labour-market slump since the 2009 recession, a source of worry for policy makers, is hardly being noticed.

Posted on 7-21-2014 at 2:22 PM

Why meat prices aren't coming down anytime soon

Lower inventories of pork and beef across North America caused a 9.4-percent surge in meat prices last month from the same time in 2013, according to Sylvain Charlebois, Associate Dean of...

Posted on 7-18-2014 at 3:12 PM

Canada’s inflation unexpectedly rises, food prices spike

Canada’s inflation rate unexpectedly quickened in June to the fastest in more than two years on higher food and clothing costs.

Posted on 7-18-2014 at 8:52 AM

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