6 h. ago Economists trim bets for July rate cut on surprise jobs numbers

The average estimate was for zero gains in June and for the unemployment rate to rise to 7.1%

Other

9 h. ago Canada’s unemployment drops slightly in June with surprise 83K new jobs

Statistics Canada says June marked the first month of significant job gains since January and broke a three-month streak that the unemployment rate rose.

Other

9 h. ago Canada adds surprise 83,000 jobs in June, driving unemployment rate down to 6.9%

OTTAWA — Canada’s labour market topped expectations in June amid a surprise surge in hiring. Statistics Canada said Friday that the unemployment rate dropped a tenth of a percentage point to 6.9 per cent in June as the economy added some 83,000 jobs. The vast majority of those jobs were part-time, the agency said, with […]

Other

14 h. ago ECB’s Schnabel Sees High Bar for Rate Cut With Economy Resilient

European Central Bank Executive Board member Isabel Schnabel said there’d have to be a major downward shift in inflation to justify another reduction in borrowing costs, dismissing concern that the economy is struggling.

Other

52 h. ago Hike in jobless rate to sway Bank of Canada to cut rates: CIBC

Watch: 'The Bank of Canada should be cutting interest rates,' says Andrew Grantham

Other

53 h. ago 8 80 TowerPOPS brings new playful, green, and social spaces to tower communities in Cooksville, Mississauga and Rockcliffe

TORONTO, July 09, 2025 (GLOBE NEWSWIRE) — Can the spaces between densely populated apartment towers be transformed to make us healthier, more active, and socially connected? Non-profit organization 8 80 Cities is on a mission to find out. On July 12 and July 26, the organization is hosting the opening celebrations for the two inaugural […]

Other

4 d. ago FIFA 2026 impacts to shutter Lower Mainland courts for nearly a month

As a result of World Cup impacts, the Vancouver, New Westminster, Abbotsford and Chilliwack law courts will be virtually shut down between June 12 and July 8, 2026.

Other

4 d. ago Sweden’s Accelerating Inflation Hits Bets on Rate Cut in August

Sweden’s inflation rate accelerated more than expected last month, knocking expectations that the central bank will cut interest rates in August to support the struggling economy.

Economics

4 d. ago Asian Shares Dip, Dollar Gains on Tariff Tensions: Markets Wrap

Asian shares dropped as investors awaited progress on trade negotiations between the US and several countries ahead of the July 9 deadline imposed by President Donald Trump.

Economics

6 d. ago Charting the Global Economy: US Jobs Data Eases Pressure on Fed

Fresh US jobs figures took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall.

Culture

7 d. ago Today's letters: Carney shouldn't have caved on digital services tax

Friday, July 4: When dealing with a bully, it's better to stand up to him, says one reader. You can write to us too, at letters@ottawacitizen.com

Economics

8 d. ago Frontline WSIB Workers Rally at Ford’s Office Amid Growing Strike Tensions

TORONTO — Harry Goslin, President of the Ontario Compensation Employees Union (OCEU/CUPE 1750), will join striking Workplace Safety and Insurance Board (WSIB) workers on the picket line outside Premier Doug Ford’s constituency office at 823 Albion Road in Etobicoke on Thursday, July 3, between 10:00 a.m. and 2:00 p.m. ET. This picket follows new revelations […]

Society

1 week ago Which Ottawa parks can you drink booze in starting Canada Day?

The pilot will allow alcohol consumption in designated parks between 11 a.m. and 9 p.m. starting on July 1.

Culture

2 w. ago Shrinking GDP may not be enough for the Bank of Canada to start cutting rates again

Economists weigh in on what the latest data means for Canadians

Culture

2 w. ago Almost 22 million Canadians getting income tax cut next week

Canada is set to move forward with its proposed middle-class income tax cut on Tuesday.The federal government will deliver tax relief to Canadians by reducing the lowest marginal personal income tax rate from 15 per cent to 14 per cent, effective July 1.According to Finance Canada, nearly 22 million Canadians are expected to benefit from the income tax cut.The measure would reduce the tax rate that is applied to the first $57,375 of an individual's taxable income in 2025, regardless of their income level.A majority of the tax relief will go to Canadians in the two lowest tax brackets (those with taxable income under $114,750 in 2025), including nearly half to those in the first bracket ($57,375 and below in 2025).Ottawa says the maximum tax savings will be $420 per person and $840 per couple in 2026. All in all, this is expected to deliver over $27 billion in tax savings to Canadians over five years, starting in the 2025/2026 tax year.Since the tax cut will take effect halfway t...

Economics

2 w. ago Japanese Stocks Rally on Fed Rate Cut Hopes, Nikkei Hits 40,000

Japanese stocks rose tracking Wall Street’s gains as hopes of US interest rate cuts solidified and after US and China finalized a trade understanding. The Nikkei benchmark rose past the 40,000 mark for the first time since January.

Economics

2 w. ago With July 1 looming, talks between Senators and Claude Giroux continue

The talk has yet to turn to action for the Ottawa Senators and Claude Giroux. The good news is that the two sides are continuing to work on trying to keep the 37-year-old winger in the fold, but they still have a gap to bridge to get a contract extension in place. Steve Staios, the […]

Other

2 w. ago Economists split on what inflation numbers mean for Bank of Canada rate cut

Policymakers have their attention on inflation and the possibility that tariffs could cause another spike

Economics

2 w. ago Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not […]

Other

2 w. ago Uncertainty reigns as trade tensions, tax shifts cloud Bank of Canada’s inflation outlook

Canada's latest inflation report will help determine whether the Bank of Canada moves ahead with an interest rate cut

Economics