The price of a barrel of oil has fallen by about 20 per cent in the past month, a situation that would normally result in a comparable decline in the price consumers see when...
Canada’s gross domestic product expanded by 0.1 per cent in July, besting expectations of an imminent decline, as growth in mining, agriculture and the oil and gas sector offset shrinkage in manufacturing. Statistics Canada...
The Bank of Canada will start to publish summaries of what happened at its meetings to decide on monetary policy starting next year, after a report from the International Monetary Fund suggested a few...
The British pound fell to its lowest level against the U.S. dollar since 1985 before bouncing back on Monday, as investors digest the U.K. government’s plans to stimulate the economy by cutting taxes while...
Canada’s benchmark stock index dropped heavily on Friday as prospects of a global recession cause investors to sell first and ask questions later. The S&P/TSX Composite Index was off by more than 520 points or...
The pace of inflation is cooling. The annual rate came in at seven per cent in August, Statistics Canada reported this week. That’s down from the four-decade high we saw in June. But that doesn’t...
The U.S. Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point in its latest move to get ahead of runaway inflation. The decision by the central bank was in line...
Canada’s inflation rate cooled to seven per cent in August, Statistics Canada said Tuesday. Economists had been expecting the rate to come in at 7.3 per cent, after inflation rose to a 40-year high of...
U.S. fruit sellers are looking north to Canada as severe drought and water shortages continue to wreak havoc on crops in California, the biggest state for agriculture. American berry giant Driscoll’s has partnered with...
Canada’s economy lost 40,000 jobs in August, enough to push up the jobless rate by half a percentage point, to 5.4 per cent, Statistics Canada reported Friday. Economists had been expecting the economy to...