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Economy News

Canada’s economy unexpectedly stalled in July on oil decline

Canada’s gross domestic product was little changed in July as a drop in oil and gas production offset gains in manufacturing.

Posted on 9-30-2014 at 9:55 AM

Bank of Canada says weak recovery lowers neutral policy rate

Bank of Canada Senior Deputy Governor Carolyn Wilkins said an “underwhelming” recovery has reduced the estimated policy interest rate needed to sustain the economy at full speed without...

Posted on 9-22-2014 at 4:31 PM
Annual inflation rate holds steady at 2.1% in August

Annual inflation rate holds steady at 2.1% in August

Canada’s inflation rate excluding eight volatile items quickened to the fastest since April 2012 last month on gains in new cars and telephone services.

Posted on 9-19-2014 at 9:14 AM

OECD slashes growth forecasts, urges aggressive ECB action

The OECD slashed its growth forecasts for major developed economies on Monday, including Canada, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro...

Posted on 9-15-2014 at 8:14 AM

Ottawa to lower Employment Insurance rate for small businesses

The Employment Insurance premium rate for small business will effectively drop from $1.88 to $1.60 of Jan. 1, a move that kicks off a pre-election year of tax cuts from a Conservative...

Posted on 9-11-2014 at 7:38 AM

Canada’s fourth-quarter hiring outlook hits four-year low point

Canadian employers are more reticent about expanding payrolls, with the hiring outlook falling to its lowest level in more than four years according to a new survey.

Posted on 9-09-2014 at 7:28 AM

Statistics Canada defends jobs data amid skepticism

A record plunge in private payrolls was mostly offset by a surge in self-employment. One economist calls those figures "very fishy" and says he can't believe there would be such volatility...

Posted on 9-05-2014 at 4:25 PM

Private sector pummelled as Canada sheds 11,000 jobs in August

The Canadian economy shed 11,000 jobs last month, more evidence of a weak labour market as the private sector posted a record drop in payrolls.

Posted on 9-05-2014 at 8:35 AM

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