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Economy News

Ontario’s debt will hit $350 billion in five years, financial accountability officer warns
Ontario’s financial accountability officer says it’s possible the Liberal government can keep its promise to balance the books by 2017-18, but only if the economy grows at a stronger pace than in the past five years.
Posted on 5-18-2016 at 1:00 PM
Fort Mac before the fire: BNN’s coverage nominated for RTDNA Canada Award
BNN’s reporting on the economic downturn in Fort McMurray has been honoured with a nomination for the RTDNA Canada’s network awards, which recognizes the best in broadcast and electronic journalism.
Posted on 5-18-2016 at 11:19 AM
Behind the debt 'problem' that could become a 'big issue' for Canadians
Credit monitoring agency TransUnion says overall non-mortgage borrowing rose almost 3 per cent in the first quarter, and it’s so-called “subprime” consumers who are driving up the national average.
Posted on 5-18-2016 at 7:17 AM
Why more U.S. travellers are flocking to New Brunswick
The weak loonie has more U.S. travellers coming to Canada to shop recently, and the biggest provincial winner is one that you might not expect: New Brunswick.
Posted on 5-17-2016 at 2:29 PM
U.S. CPI posts three-year record high, could fuel Fed rate hike in 2016
U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year.
Posted on 5-17-2016 at 8:48 AM
Valeant to provide rebate programs for two heart drugs after controversial drug price hikes
Valeant Pharmaceuticals said it would raise the discounts to hospitals on two of its heart drugs, Nitropress and Isuprel after shareholder Bill Ackman vowed to revisit the controversial price increases.
Posted on 5-16-2016 at 10:04 AM
EI benefits extended to three western regions: Trudeau

Trudeau says the government will extendemployment insurance benefits to three western economic regions that were left out when changes were first made.

Posted on 5-13-2016 at 7:57 PM
BMO’s Three Money Monster moments spooking investors
BMO Chief Economist Doug Porter tells you what Donald Trump, Vancouver’s hot housing market and China’s currency have in common and why you should be worried about them.
Posted on 5-13-2016 at 3:33 PM

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