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Economy News

Bank of Canada won’t follow Fed’s lead on interest rates, Poloz says

Bank of Canada Governor Stephen Poloz wants to make something perfectly clear: When the Federal Reserve starts raising interest rates, Canada’s central bank won’t necessarily follow...

Posted on 8-25-2014 at 7:03 AM
Canadian inflation softer than expected in July

Canadian inflation softer than expected in July

Canada's annual inflation rate softened more than expected in July and the core rate unexpectedly fell, Statistics Canada said on Friday, weighed by a drop in prices of gasoline, clothing...

Posted on 8-22-2014 at 9:14 AM

Analysts expect healthy second-quarter growth in Canada's CPI, retail sales reports

Economists are looking to Friday’s economic data for another indication that the country’s poor performance in the first quarter was an anomaly, and that the economy has stabilized.

Posted on 8-17-2014 at 9:54 PM

Job report error leaves Statistics Canada with ‘black eye’

Canada’s statistics agency said it had under-reported the country’s job creation in July by more than 41,000, a revision that one private economist called a “black eye” that raises...

Posted on 8-17-2014 at 9:28 AM

Canada adds 42,000 jobs in revised Statscan report

The Canadian economy created 42,000 jobs in July – not 200 as mistakenly reported last week by Statistics Canada – as revised numbers beat market expectations.

Posted on 8-15-2014 at 6:31 AM

Biggest profit for Canadian companies in three years set to spark the economy

Canadian companies are posting their best profit in three years, fueling hopes business spending will soon give a jolt to lackluster economic growth.

Posted on 8-15-2014 at 12:00 AM
EI claims on hold while Statscan fixes jobs report error

EI claims on hold while Statscan fixes jobs report error

Federal officials responsible for Employment Insurance are putting new claims on hold this week as they wait for Statistics Canada to fix a mistake in its monthly jobs report.

Posted on 8-13-2014 at 2:30 PM

‘Prudent’ new spending will be in next budget, Finance Minister Joe Oliver says

Tax cuts and new spending will be part of the Conservative government’s next budget, but Finance Minister Joe Oliver is cautioning Canadians not to expect too much given the small size of...

Posted on 8-12-2014 at 2:02 PM

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