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Economy News

Canada's shrinking economy could open door to second rate cut
Canada’s economy unexpectedly shrank for the fourth month in a row in April as oil and mining slumped, opening the door to a second rate cut from the central bank this year.
Posted on 6-30-2015 at 12:11 PM
Economy contracts again, raising prospect of recession
Canada extended its economic skid in April, delivering a fourth straight monthly decline that is sure to rekindle concerns that the country may have slipped into a mild recession.
Posted on 6-30-2015 at 8:48 AM
Low borrowing rates spur Canadians to add to mortgage debt
Canadians added to their mortgage debt amid continued bargain-basement borrowing rates in May.
Posted on 6-30-2015 at 12:36 AM
More and more Canadian snowbirds are selling their U.S. homes
With the strong American dollar and partial rebound in U.S. real estate prices, Canadian snowbirds are coming back to the cold, selling homes they acquired following the U.S. housing meltdown.
Posted on 6-26-2015 at 3:40 PM
Public sector jobs increased more than private sector in past decade: report
The Fraser Institute says the difference is particularly stark in Ontario, where public-sector jobs grew by 27.6 per cent over that time period, and private-sector jobs by 5.6 per cent.
Posted on 6-25-2015 at 10:00 AM
Pacific Rim trade talks will put pressure on Canada's dairy, poultry sectors
Canada’s protected dairy and poultry industries are in the crosshairs of the United States and other farm export powers as momentum builds toward a massive Pacific Rim trade deal.
Posted on 6-25-2015 at 7:00 AM
Consumer spending bolsters weak U.S. economy as GDP revised to show slight contraction
The world’s largest economy shrank in the first quarter, just not as much as previously estimated, assisted by a bigger gain in consumer spending.
Posted on 6-24-2015 at 8:51 AM
Canadian retail sales unexpectedly drop 0.1 percent in April
Canada's retail sales unexpectedly dropped by 0.1 percent in April after two months of gains, pulled down by lower spending at food and electronics stores, Statistics Canada data indicated on Friday.
Posted on 6-19-2015 at 9:15 AM

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