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Economy News

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Bank of Canada should keep rate low on growth risk: IMF

Bank of Canada Governor Stephen Poloz should keep his benchmark interest rate low until there are clearer signs the economic recovery has taken hold, the International Monetary Fund said.

Posted on 4-08-2014 at 9:21 AM
Building permits drop to lowest in a year in February

Building permits drop to lowest in a year in February

The value of Canadian building permits fell to the lowest in a year in February as residential intentions dropped from a record high.

Posted on 4-08-2014 at 9:06 AM
Housing starts slow in March

Housing starts slow in March

Canadian housing starts fell more than expected in March, according to data released on Tuesday that was likely to underscore expectations the country's housing market is stabilizing.

Posted on 4-08-2014 at 8:45 AM
Desjardins bests Wall Street with currency forecasts

Desjardins bests Wall Street with currency forecasts

Economists from a Canadian credit union and a German state-owned bank are delivering the best predictions in global foreign-exchange markets, while only one Wall Street firm ranks among the...

Posted on 4-04-2014 at 10:16 AM
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Loonie climbs as employers add more jobs than forecast in March

Statistics Canada said Friday that the Canadian economy added 43,000 new jobs in March. The country's unemployment rate fell to 6.9 percent.

Posted on 4-04-2014 at 8:37 AM
TD chief Clark says Canada losing edge in exports

TD chief Clark says Canada losing edge in exports

Canada is losing its competitive edge in exports beyond commodities as fewer small companies look outside their home market, Toronto-Dominion Bank Chief Executive Officer Ed Clark said.

Posted on 4-03-2014 at 2:25 PM
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Ontario lowers its 2013-14 deficit forecast by $400M

Ontario decreased its deficit forecast by $400 million for the last fiscal year while projecting lower revenue for the current year.

Posted on 4-03-2014 at 2:09 PM
Canada posts trade surplus; exports hit pre-crisis high

Canada posts trade surplus; exports hit pre-crisis high

Canada reported a small trade surplus in February for the first time in five months as exports bounced to their highest since before the recession in 2008, welcome news for the central bank...

Posted on 4-03-2014 at 10:12 AM

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