15 h. ago Bank of Canada to start cutting rates again as jobs blow from tariffs materializes, economists say

The unemployment rate rose to 6.9% last month

Economics

16 h. ago Canada Joblessness Hits 6.9% as Tariffs Strike Manufacturing

Canada’s tepid pace of job creation last month sent the unemployment rate soaring back to a level last seen in November, the highest since January 2017 outside of the pandemic.

Economics

18 h. ago Here’s a quick glance at unemployment rates for April, by Canadian city

OTTAWA — The national unemployment rate was 6.9 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the […]

Other

18 h. ago Economy adds 7,400 jobs in April as unemployment rate rises to 6.9%

OTTAWA — The national unemployment rate ticked up to 6.9 per cent in April as the manufacturing sector started to strain under the weight of tariffs from the United States, Statistics Canada said Friday. The Canadian economy added 7,400 jobs last month, the agency said, slightly outpacing economist expectations for a gain of 2,500 positions. […]

Other

35 h. ago Powell Gets Support From Bank of Canada’s Macklem Amid Trump Attacks

Bank of Canada Governor Tiff Macklem offered support to Federal Reserve Chair Jerome Powell from US President Donald Trump’s attacks, as the Canadian policymaker called the independence of central banks “sacrosanct.”

Events

38 h. ago How Trade War Can Elevate Mortgage Stress in Canada in Three Charts

The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.

Economics

39 h. ago Trump’s film tariffs could blow ‘massive hole’ in Canada’s economy

Watch: 'Instability is bad for any industry, but particularly for the film industry, and having this 'what if' looming over filmmakers is making people nervous'

Economics

40 h. ago Bank of Canada says trade war ‘poses greatest threat to Canadian economy’

The Bank of Canada is warning the trade war brought on by U.S. President Donald Trump's tariff policy poses a significant threat to the economy, according to the latest report

Economics

40 h. ago Trade war threatens progress made on financial stability, creating higher risks: BoC

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday. The central bank says in its latest Financial Stability Report that at the start of the year, households had, on average, less debt relative to their income […]

Economics

40 h. ago Bank of Canada warns Trump’s tariffs could trigger ‘market dysfunction’

Financial stability report says global trade war could lead to severe economic consequences for Canada

Economics

47 h. ago Sweden, Norway Hold Rates Steady as Riksbank Turns Toward Easing

The Riksbank and Norges Bank kept interest rates unchanged, with officials in Stockholm signaling a bias toward easing while their peers in Oslo reiterated that cuts may start later this year.

Other

63 h. ago Canada Banks Keep Climate Pledges as Rival RBC Drops Targets

Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.

Society

3 d. ago Carney’s top priority should be raising productivity, says David Dodge

But doing so won't be easy, says former Bank of Canada governor

Transport

6 d. ago Great expectations: FP Video looks at the federal election aftermath

Watch an economist, analyst and former Bank of Canada governor weigh in on what the future holds for Canada

Politics

8 d. ago Asia’s Factories Suffer Major Blow as Trump’s Tariffs Hit Demand

Manufacturing activity across most of Asia contracted in April, with companies struggling with weaker demand and pausing new orders in the face of US President Donald Trump’s baseline 10% tariff.

Politics

9 d. ago How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move

The Bank of Canada is growing more cautious about interest rate policy as U.S. President Donald Trump's tariffs take effect on the economy, according to the latest report.

Economics

9 d. ago Bank of Canada considered cutting interest rate in April as Trump tariffs roiled markets

Summary of minutes shows some policymakers wanted more information on tariffs and their potential impact

Economics

9 d. ago Trump’s ‘Erratic’ Tariff Policy Prompted Bank of Canada Pause

Bank of Canada officials considered cutting interest rates at their April meeting before opting to wait for more information as they weighed the volatile changes in US President Donald Trump’s trade policy.

Economics

9 d. ago ‘Real drama now begins’ as economists predict zero growth ahead off a waning first quarter

Future interest rate decisions by the Bank of Canada will be no easy matter

Culture

9 d. ago RBC Drops Climate Finance Goals, Citing Changes to Competition Law

Just months after pulling out of the world’s biggest climate alliance for banks, Royal Bank of Canada is abandoning its sustainable finance commitments.

Society