30 h. ago Canadians cutting spending, delaying purchases amid tariff turmoil: MNP survey

CALGARY — A survey from insolvency firm MNP Ltd. suggests Canadians’ outlook for their personal finances has brightened even as they’ve taken steps to cut their expenses amid economic turmoil. The latest MNP Consumer Debt Index conducted by Ipsos rose nine points to 88 this quarter over the previous one. It says about three quarters […]

Economics

32 h. ago MNP Consumer Debt Index Rebounds (+9 Pts) as Canadians Take Steps to Safeguard their Finances Amid Economic Uncertainty

Three-Quarters of Canadians Have Cut Spending (74%) or Postponed Major Purchases (73%), Signaling a Broader Shift Toward Financial Caution    CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — As Canadians take steps to safeguard their finances amid ongoing economic uncertainty, the MNP Consumer Debt Index—conducted quarterly by Ipsos—has rebounded to 88 points this quarter, marking […]

Economics

1 week ago Float Launches ‘Float FX’ to Help Canadian Businesses Cut Currency Conversion Costs Amid Trade Tensions

New foreign exchange solution offers market-leading CAD USD conversion rates, easing financial strain from currency volatility and rising cross-border costs. TORONTO — Float, Canada’s complete business finance platform, today announced the launch of Float FX, a new solution that enables Canadian businesses to easily and instantly convert funds at rates that are 90% lower […]

Economics

1 week ago Companies preparing for tariff turbulence as U.S. set to announce latest round

TORONTO — Impending U.S. tariffs have pushed Canadian companies to stockpile goods, cut back staff, put projects on hold and whatever else they think will help them survive the economic turmoil ahead. U.S. President Donald Trump is set to unveil his administration’s latest tariffs on numerous countries later today, but it’s unclear what their scope […]

Economics

2 w. ago Canadian airlines are cutting thousands of seats on flights to U.S.

Airlines in Canada are responding to a significant dip in travel to the U.S. by slashing seats on flights to what once were popular vacation destinations for Canadians.The trade war has diminished Canadians' enthusiasm to travel down south. A recent report found that summer trips to the U.S. have dropped by over 70 per cent.Visual Approach Analytics looked at scheduled seats on flights from Canada to the U.S. in April and found where carriers are making cuts.The weekly data analysis of the commercial aviation market found that leisure destinations are seeing the biggest drop in capacity from Canadian airlines.Florida is being hit the hardest with a 20 per cent reduction in seats going to Fort Lauderdale-Hollywood International Airport and 12 per cent cuts in seats flying to Orlando International Airport."Fort Myers and Palm Beach are down 30 per cent and 43 per cent, respectively, compared to April schedules as they existed on Jan. 1, 2025," wrote Visual Approach founder Courtney Mi...

Other

2 w. ago Pierre Poilievre unveils capital gains tax break ahead of election

Campaigning in the GTA Sunday, Pierre Poilievre proposed a tax cut to boost Canadian investment, counter U.S. tariffs and strengthen the economy ahead of the April 28 election.

Economics

2 w. ago Batten down the hatches? Canadians cut spending amid tariff fears

Wary of economic hardships, Canadians are becoming more cautious with spending and planning savings, the Bank of Canada noted in its summary of deliberations on Wednesday.

Economics

3 w. ago Carney dismisses tax cuts while showcasing Liberal’s tax relief

Liberal plan boasts $825 annual savings for average Canadian family, while dismissing Tory tax cuts as extreme

Economics

3 w. ago Trump Vows 25% ‘Secondary’ Tariff on Buyers of Venezuelan Oil

President Donald Trump on Monday threatened a 25% tariff on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country over immigration with a move that risks roiling the global energy trade.

Economics

3 w. ago Canada’s Poilievre Promises Deeper Income Tax Cut Than Carney

Canadian Conservative Leader Pierre Poilievre is promising a deeper income tax cut than Liberal Leader Mark Carney, as the two politicians battle to attract affordability-minded voters in a tight election race.

Economics

3 w. ago Franco Terrazzano: Canadians needs tax cuts, not retaliatory tariffs

Knee-jerk retaliatory tariffs will likely have little effect other than causing Canadians more pain

Economics