6 d. ago Canadian air and auto travel to the U.S. drops again in May, overseas trips increase

Statistics Canada reports resident return trips by vehicle down 38.1 per cent compared to May 2024

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9 d. ago Canadian, U.S. markets finish week with big gains as investors take in jobs reports

Canadian and U.S. markets finished the week in solidly positive territory as investors took stock of the latest jobs reports in both countries. Statistics Canada said Friday that there has been virtually no employment growth since January as it reported the jobless rate rose a tenth of a percentage point to seven per cent in […]

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9 d. ago Toronto's unemployment rate is getting completely out of hand

Looking for a job in Toronto? Join the queue, because as of this month, the city's unemployment rate has surged to a jaw-dropping 8.8 per cent, up from 8.6 per cent just one month earlier.Statistics Canada's latest report on the labour force from coast to coast shows that the nation's largest city is faring the worst of any provincial capital, and of almost any Canadian city, period.Only the census metropolitan areas of Oshawa and Windsor had higher rates of joblessness, of a shocking 9.1 per cent and 10.8 per cent, respectively. (Windsor, as many know, is one of the top three cities in Canada that are most impacted by U.S. tariffs due to its substantial auto manufacturing sector.)The numbers in some rural locales, though, are even more dire.One chart from the government agency shows that an astounding 27.2 per cent of the working-age population in Northern Manitoba is now said to be unemployed, 13.4 per cent in Northern Saskatchewan, 13.1 per cent in...

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1 week ago S&P/TSX composite index manages slight gain while U.S. markets close lower

TORONTO — Canada’s main stock index managed a slight gain Thursday while U.S. markets closed down on a choppy day that included headlines on trade tensions softening as well as a very public fallout between U.S. President Donald Trump and Elon Musk. Markets were mixed throughout the day as Canada reported a record trade deficit […]

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1 week ago Trade deficit hits record in April as ‘trade has totally collapsed’ amid tariffs

OTTAWA — Canada posted its largest merchandise trade deficit on record in April at $7.1 billion as exports fell sharply in the face of U.S. President Donald Trump’s tariffs. Statistics Canada said Thursday the result, which followed a deficit of $2.3 billion in March, came as a plunge in exports to the U.S. more than […]

Economics

1 week ago Canada marks record high trade deficit in April, Statistics Canada reports

Statistics Canada reports the trade deficit in April hit a record high at $7.1 billion, following a $2.3 billion reading in March amid U.S. tariffs and a drop in exports.

Economics

1 week ago US Trade Deficit Narrows by Most on Record as Imports Plunge

The US trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies ahead of higher tariffs.

Economics

1 week ago Canada posts largest merchandise trade deficit on record at $7.1B in April: StatCan

OTTAWA — Statistics Canada says the country posted its largest merchandise trade deficit on record in April at $7.1 billion as exports fell sharply in the face of U.S. tariffs. The agency says the result for April followed a deficit of $2.3 billion in March. Overall exports fell 10.8 per cent in April to $60.4 […]

Economics

2 w. ago Canadian Vaping Association Highlights Plans to Reduce Youth Vaping Rates on World Vape Day

Ottawa, ON, May 30, 2025 (GLOBE NEWSWIRE) — On World Vape Day, the Canadian Vaping Association (CVA) celebrates the continued decline in youth vaping rates, as reported in Statistics Canada’s 2025 Canadian Health Survey on Children and Youth (published March 26, 2025). This progress (achieved without flavour bans) demonstrates the success of balanced policies that […]

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3 w. ago Statistics Canada reports retail sales up 0.8% in March at $69.8 billion

OTTAWA — Retail sales rose 0.8 per cent to $69.8 billion in March, helped by an increase in new car sales as Canadians looked to get behind a new set of wheels before tariffs started to raise prices. The gain came as Statistics Canada’s preliminary estimate for April also pointed to an increase of 0.5 […]

Economics

3 w. ago Statistics Canada reports retail sales up 0.8 per cent in March at $69.8 billion

OTTAWA — Retail sales rose 0.8 per cent to $69.8 billion in March, helped by an increase in new car sales as Canadians looked to get behind a new set of wheels before tariffs started to raise prices. The gain came as Statistics Canada’s preliminary estimate for April also pointed to an increase of 0.5 […]

Economics