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Economy News

Loonie drops after surprise trade deficit

The Canadian dollar fell to its lowest point in six months against the U.S. dollar after the nation posted an unexpected trade deficit in August, bolstering the Bank of Canada’s cautious...

Posted on 10-03-2014 at 11:24 AM

Canada plunges to unexpected trade deficit

Canada posted an unexpected trade deficit of $610-million in August, snapping a string of strong trade numbers, as imports surged while exports took a breather.

Posted on 10-03-2014 at 9:15 AM
Weaker dollar won’t save Canadian dishwashers, Weinberg says

Weaker dollar won’t save Canadian dishwashers, Weinberg says

Canadian makers of goods such as dishwashers shouldn’t look to a depreciation of the nation’s currency to save their businesses, said Carl Weinberg, chief economist at High Frequency...

Posted on 10-02-2014 at 2:13 PM
Deficit for 2013-14 projected at $5.2-billion, Harper says

Deficit for 2013-14 projected at $5.2-billion, Harper says

The final deficit number for the most recent fiscal year will be significantly lower than projected at around $5.2-billion, said Prime Minister Stephen Harper, who is also promising to act...

Posted on 10-02-2014 at 1:36 PM

Canada’s economy unexpectedly stalled in July on oil decline

Canada’s gross domestic product was little changed in July as a drop in oil and gas production offset gains in manufacturing.

Posted on 9-30-2014 at 9:55 AM

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