Canada's annual inflation rate in May fell to 1.3 per cent, down from 1.6 per cent in April, as higher shelter and transportation prices were moderated by decelerating energy and food prices, Statistics Canada said on Friday.
'Do no harm': Lighthizer on how U.S. will approach NAFTA talks
Donald Trump's trade czar says U.S. negotiators will take a "do-no-harm" approach to renegotiating NAFTA amid fears that altering the deal could hurt many American agricultural sectors.
Quebec reports $4.5B surplus in annual budget
Quebec Finance Minister Carlos Leitao in March had forecast a surplus of $2.3 billion, saying that all but $250 million would go to Quebec’s Generations Fund that was created to offset the province’s gross debt of $206 billion.
Retail sales in Canada up 0.8% in April on gasoline, home supply stores
Canadian retail sales increased 0.8 per cent in April from March to $48.64 billion, pushed up by purchases at general merchandise and home supply stores, as well as higher gasoline prices, Statistics Canada said on Thursday.
NAFTA renegotiation talks not bound by 2017 deadline: Lighthizer
Robert Lighthizer tells a Senate committee in Washington today that he wants to move as quickly as possible, but that it's a higher priority for him to seal a very high standard agreement for the U.S.
McCreath: Easy financial conditions a reason why the Fed hiked
Morning Call: BNN Commentator Andrew McCreath discusses U.S. economic data and the reasons why the Federal Reserve hiked rates last week.
The Senate voted Tuesday to delete a so-called escalator tax on booze from the federal government's budget, defying Prime Minister Justin Trudeau's insistence that only the elected House of Commons has authority over budgetary matters.
Financial vulnerability of indebted households to rise with rates: PBO
A new analysis says the expected, gradual rise of interest rates is poised to lift the financial vulnerability of Canadian households well above levels seen in the last three decades.
Infrastructure bank must battle 'bad track record' on demand: C.D. Howe
Canada’s new infrastructure bank has the potential to significantly improve key projects, but the success of these projects requires responsibility and better usage forecasting on the municipal and provincial levels, according to a new report from the C.D. Howe Institute.
Carney says now 'not the right time' to raise rates; pound falls
Bank of England Governor Mark Carney, fresh from a meeting which saw three colleagues on the bank's policy committee vote for higher rates, knocked half a percent off Britain's pound by saying "now was not the time" to adjust borrowing costs.