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Economy News

Canada must reshape economy to escape slow-growth future, CIBC CEO says
Canada must quickly transition to an economy that’s focused on advanced skills, high-value products and innovation to avoid slow growth, says Victor Dodig, chief executive officer of Canadian Imperial Bank of Commerce.
Posted on 11-24-2015 at 2:51 PM
U.S. third-quarter GDP growth revised up to 2.1%
The U.S. economy grew at a healthier clip in the third quarter than initially thought. The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 per cent annual pace, not the 1.5 per cent rate it reported last month.
Posted on 11-24-2015 at 9:04 AM
First ministers to meet in show of good intentions to combat climate change
Prime Minister Justin Trudeau and the country’s premiers will meet Monday to demonstrate the Liberal government's intentions to take climate change seriously.
Posted on 11-23-2015 at 8:32 AM
Rosenberg: 'Seriously!?' Canadians stuck in the '80s, '90s on deficits
Running small deficits while the economy continues to struggle is “not a badge of honour you want to be wearing,” said top economist David Rosenberg as finance minister Bill Morneau unveiled his fiscal update.
Posted on 11-20-2015 at 1:41 PM
Ottawa falls into $3B deficit in first Liberal fiscal update
A deteriorating economy has scuttled projections of a balanced budget in this fiscal year with the Liberal government forecasting a $3-billion deficit for 2015-16 even before it acts on some of its spending plans.
Posted on 11-20-2015 at 10:56 AM
Lower energy prices keep Canada's inflation rate steady in October
New Statistics Canada data showed Canada’s annual inflation rate held at 1.0 per cent in October, as it was held down by cheaper energy prices.
Posted on 11-20-2015 at 9:14 AM
New Liberal government to release its first economic update
The new Liberal government will open the federal books for Canadians Friday as it releases its first fiscal and economic update.
Posted on 11-20-2015 at 8:42 AM
Slower growth new economic reality, says Bank of Canada report
A Bank of Canada research report released on Thursday concluded that growth in advanced economies may remain slow.
Posted on 11-19-2015 at 12:10 PM

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