14 h. ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

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42 h. ago Economists expect annual inflation rate to come in at 2.6% for March

TORONTO — Pricing trends are getting pushed all over the place these days by big economic shifts, resulting in what’s expected to be another elevated inflation reading in Canada this week. Economists polled by Reuters expect annual inflation for March to come in at 2.6 per cent when it’s released Tuesday, matching February’s reading. A […]

Economics

1 week ago Saskatchewan see lowest unemployment rate throughout the provinces

Saskatchewan's unemployment rate dropped half a percentage point in March to 4.9%. The lowest rate among the ten provinces.

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1 week ago London jobless rate improves, but U.S. tariffs toll hasn't yet hit

The London region’s unemployment rate improved in March as the local economy added 2,200 new jobs, a strong showing that doesn’t yet reflect the impact of the trade war between Canada and the U.S. The region’s jobless rate now sits at 5.9 per cent, down from February’s 6.6 per cent, Statistics Canada reported Friday. Including […]

Economics

1 week ago Canadian economy lost 33,000 jobs in March, biggest loss since 2022

OTTAWA — Statistics Canada says the economy lost 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher. The agency says the unemployment rate for March rose to 6.7 per cent compared with 6.6 per cent in February. The drop in jobs reverses some of the gains made by […]

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1 week ago Ontario minimum wage to rise to $17.60 with annual inflationary increase

Ontario minimum wage earners will be making $17.60 an hour, starting Oct. 1.

Economics

2 w. ago Bank of Canada would have held interest rate at 3% in March, if not for tariff threats

Some members argued to pause until there was more clarity on impact of Donald Trump's tariffs

Economics

2 w. ago Purpose Investments Inc. Announces Final March 2025 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund

TORONTO, March 26, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final March 2025 distribution rates for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund. The following table reflects the final distribution amounts for the month of March. Ex-distribution date is March […]

Sport

3 w. ago Annual inflation rate jumps to 2.6% in February with end of tax holiday: StatsCan

It's a sizeable jump from the 1.9 per cent increase in January

Economics

3 w. ago Annual inflation rate jumps to 2.6% in February with tax holiday end: StatCan

OTTAWA — The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken off a variety […]

Economics

4 w. ago Nigerian Inflation Cools Again Giving Impetus for Rate Pause

Nigeria’s annual inflation eased for the second straight month, stoking optimism that price pressures have peaked and will continue to moderate.

Economics

4 w. ago End of federal tax holiday in February expected to lift inflation: Economists

OTTAWA — Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month. Statistics Canada is set to release February inflation figures on Tuesday. Economists polled by Reuters expect the annual inflation rate rose to 2.2 per cent last month, up from 1.9 […]

Economics