OTTAWA — Statistics Canada says the economy ended last year stronger than expected. The agency says real gross domestic product rose 2.6 per cent on an annualized basis in the final quarter of last year. That’s well ahead of expectations from economists and the agency’s own early estimates for growth of 1.8 per cent annualized. […]

Sport

The main contributor to growth was household spending, which rose by 1.4%

Other

Opinion: The potential shock to Canada's economy posed by Trump’s proposed tariffs warrants at least an equivalent shock to our system of internal trade barriers.

Economics

The incentive is finally there to remove interprovincial trade barriers, diversify trade abroad and fast-track project approvals

Other

Recent trade threat have laid bare longstanding economic vulnerabilities that have become more noticeable

Transport

As if we needed more facts and figures to remind us how bad Canada's economy is at present, a new report has offered a glimpse into just how many people nationwide have been unable to cover their major bills, with mortgage delinquency in particular at an all-time high.And, residents of Ontario are the worst culprits.The data, published by Equifax Canada this week, comes from the final months of 2024, a year in which consumer debt across the country grew by 4.6 per cent, to a total of an unthinkable $2.56 trillion.Though falling lending rates over the course of the year helped to relieve the debts of some, the credit company says that "financial pressures intensified" for many others, especially those with mortgages in our two most exorbitant provinces for property: Ontario and B.C.When looking at the fourth quarter of the year versus the same time in 2023, there was a shocking 90.2 per cent increase in the number of Ontarians who hadn't made a mortgage ...

Other

Leaders across Canada have talked a good game about eliminating interprovincial trade barriers. Nova Scotia Premier Tim Houston is putting his money where his mouth is. There can be no doubt about it: Interprovincial trade barriers are holding Canada’s economy back. The rules and regulations preventing the free flow of goods, services and workers across […]

Economics

Ever since Donald Trump overturned the tables of the regulators in America’s administrative state, many Canadians have finally recognized Canada also has a major excessive regulatory problem of its own. Indeed, Canada’s economy is festooned with red tape. Businesses are forced to comply with seemingly endless paperwork and reporting requirements pertaining to every dimension of […]

Economics

He threatens tariffs, says Keystone XL should come back and then says America doesn't need Canadian oil at all.

Other

"So we're not very impressed with the tactics of CUPE. We'd ask them to get back to the table,” Smith said at a news conference Monday

Society

Researcher says study will give politicians the ammunition to open borders across the country

Economics

U.S. President Donald Trump confirmed today that U.S. tariffs will be proceeding against Canada and they could start as early as next week. Trump responded to a reporter's question about tariffs during a joint press conference with French President Emmanuel Macron earlier today. The reporter had asked Trump if the tariffs would proceed or whether Mexico and Canada had "done enough on the border" to stop them from taking effect.🚨MAJOR BREAKINGDONALD TRUMP CONFIRMS THAT TARIFFS ON CANADA WILL "GO FORWARD. ON TIME"likely referring to the first week of MarchThis, after the Bank of Canada warned they had no tools to effectively deal with inflation AND a depression. pic.twitter.com/hMNAm5UEHr— Tablesalt 🇨🇦 (@Tablesalt13) February 24, 2025The announcement comes in the wake of the Bank of Canada warning that U.S. tariffs could have a "severe" impact on Canada's economy.Trump's full statement on U.S. tariffs on CanadaWe're on time with the tariffs, and it seems like that's moving...

Economics

Tariffs could weaken the country's economy in the next two years, says Bank of Canada (BoC) governor Tiff Macklem.While speaking to members of the Mississauga Board of Trade and the Oakville Chamber of Commerce on Friday, Feb. 21, Macklem highlighted the uncertainties brought about by tariff threats and compared its potential impact to the pandemic."In the pandemic, we had a steep recession followed by a rapid recovery as the economy reopened. This time, if tariffs are long-lasting and broad-based, there won't be a bounce-back," he stated."We may eventually regain our current rate of growth, but the level of output would be permanently lower. It's more than a shock — it's a structural change."He stated that even the period of uncertainty is "already causing harm" and that a trade conflict would cost people their jobs and reduce exports and investments.The immediate impact of tariffs on CanadaMacklem pointed out that the threat of tariffs has brought about uncert...

Economics

Anthony D Rosborough, Dalhousie University Canada’s economy has long relied on open trade and cross-border supply chains, but as tariff threats and market protectionism rise from the United States under President Donald Trump, so do Canada’s economic vulnerabilities. Although the risk of a trade war between Canada and the U.S. has been given a temporary […]

Economics

MISSISSAUGA, ONT. — U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation […]

Economics

Trump's tariff threats a 'really loud wakeup call' for Canada,' says former deputy prime minister

Economics

The United States’ looming threat of tariffs on Canadian exports may be bad news for Canada’s economy, but it may not be as awful for homebuyers seeking to purchase with a mortgage. That’s one insight from a mortgage expert at Ratehub.ca, Penelope Graham. She noted in a recent report that the 25-per cent tariffs on […]

Economics

On Feb. 27, 2025, Ontario will head to the polls to determine who will lead this province for the next four years. As Canada’s most populous province and the largest economy in Canada, generating about 38% of national GDP, the choice of who will lead Ontario will have national and international implications. Premier Doug Ford […]

Other

Media invited to panel discussion and tour of Carbon Upcycling’s facility on Wednesday, Feb 19 Calgary, Feb. 18, 2025 (GLOBE NEWSWIRE) — On Wednesday, February 19, New Economy Canada, Carbon Upcycling and the Calgary Construction Association are bringing together local elected officials, construction industry and business leaders and tradespeople for an important discussion on how […]

Politics

MARKHAM, Ontario — ventureLAB, a leading global founder community for hardware and enterprise software companies, is proud to announce Garry Chan, who joined ventureLAB in 2019, as its new Head of AI Initiatives. This key appointment reinforces ventureLAB’s mission of powering hardtech founders to build and scale globally competitive ventures that advance Canada’s knowledge-based economy. […]

Politics