8 h. ago Latest inflation numbers slam door ‘shut’ on Bank of Canada July rate cut, say economists

Here's where economists think inflation and the central bank are headed over the second half of the year

Economics

30 h. ago All eyes turn to Tuesday’s inflation numbers for clues to Bank of Canada’s next move

Inflation cooled unexpectedly in May. Will it surprise again in June?

Economics

35 h. ago MNP Consumer Debt Index Holds Steady Following Two Interest Rate Pauses, as Canadians Brace for Ongoing Economic Uncertainty

Younger Adults and Lower-Income Households are Most Likely to Report Stress, Stalled Life Plans, and Living Paycheque to Paycheque CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Following two consecutive interest rate pauses, the MNP Consumer Debt Index–conducted quarterly by Ipsos–is holding steady at 88 points this quarter. Still, nearly two-thirds of Canadians say they […]

Economics

61 h. ago Economists expect inflation ticked up in June after surprise jobs gain

OTTAWA — Economists expect the pace of inflation picked up in June as the Bank of Canada continues to search for tariff impacts in the price data. Statistics Canada is set to report consumer price index data for June on Tuesday. CIBC expects the release will show the annual pace of inflation rose a tenth […]

Economics

3 d. ago Why Trump’s new tariffs will hurt the U.S. more than anybody else: FP Video

Watch: Plus, is it time for the Bank of Canada to cut interest rates? And more

Economics

4 d. 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

4 d. ago Canada Infrastructure Bank on track to be $20 billion short of 2028 investment target: PBO

The infrastructure bank is on track to disburse $14.9 billion by 2027-28 -- well below its $35-billion goal, the Parliamentary Budget Office said

Economics

5 d. ago Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO

OTTAWA — Parliament’s fiscal watchdog is projecting that the Canada Infrastructure Bank will fall more than $20 billion short of its investment targets for the coming years. In a new report released Thursday, the Office of the Parliamentary Budget Officer said the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well […]

Economics

6 d. 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

7 d. ago Insolvency filings in May rise from April, but down from last year

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.6 per cent from May last year, according to data released Tuesday by […]

Other

8 d. ago Wealth One Bank Gets New Life as Canadian Investor Group Closes Deal

Canadian investment firm Globalive Corp. and a group of backers have closed their acquisition of Wealth One Bank of Canada, with plans to raise more capital soon to grow its lending business.

Other

2 w. ago Canada Royal Milk donates formula to Daily Bread Food Bank to support over 200 food programs across Toronto

KINGSTON, Ontario, June 30, 2025 (GLOBE NEWSWIRE) — Canada Royal Milk today announced the donation of 2,500 cans of Niuriss toddler formula to Daily Bread Food Bank, a non-profit organization that distributes fresh and shelf-stable food to over 200 food programs across Toronto. Since launching its Niuriss brand of infant and toddler formula, Canada Royal […]

Other

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 Customers in Canada Increasingly Turning to Retail Banks for Advice, J.D. Power Finds

RBC Ranks Highest in Retail Banking Advice Satisfaction TORONTO — The financial health of bank customers in Canada—who are pressured by inflation, the rising cost of living and growing personal debt—has been worsening during the past few years. Currently, more than 44% of bank customers are considered financially vulnerable,1 a jump from 36% five years […]

Economics

2 w. ago Canada evacuates 7 citizens from Israel, West Bank as most find way out

OTTAWA — Global Affairs Canada says it brought just seven Canadians out of Israel and the West Bank to Jordan on buses offered Wednesday. Ottawa started offering evacuations from both regions later than some of its allies, and has taken note of low uptick from Canadians. A chartered flight from Jordan left Tuesday for Athens […]

Events

3 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

3 w. ago EQB Inc. says chief executive Andrew Moor died unexpectedly, interim leader named

TORONTO — Andrew Moor, the chief executive of Canada’s seventh-largest bank, died unexpectedly over the weekend, said EQB Inc. Tuesday as it named an interim leader. “Andrew’s death is a tragic loss to all of us at EQB and to everyone who had the pleasure of knowing him,” said Vincenza Sera, chair of the board, […]

Politics

3 w. ago EQB Inc. says CEO Andrew Moor died unexpectedly over the weekend

Andrew Moor, the chief executive of Canada’s seventh-largest bank, died unexpectedly over the weekend, said EQB Inc. Tuesday as it named an interim leader.  “Andrew’s death is a tragic loss to all of us at EQB and to everyone who had the pleasure of knowing him,” said Vincenza Sera, chair of the board, in a […]

Events

3 w. ago Inflation in May stayed steady at 1.7%, Statistics Canada says

Statistics Canada reports headline inflation was 1.7 per cent in May, with the figures the first of two reports the Bank of Canada will see before its next interest rate decision.

Economics