10 h. ago More Canadians are holding back on buying homes amid recession fears

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.The BMO Financial Group released its latest Real Financial Progress Index on Monday, revealing that many Canadians are taking a "wait and see" approach as the possibility of Canada descending into an economic recession increased from 60 per cent to 74 per cent from March to April 2025."Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, senior economist at BMO Capital Markets."There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario."The BMO survey examined how concerns about the economy have impacted prospective homebuyers' decisions.It found that over two-thir...

Other

12 h. ago Recession fears put Canadians’ homebuying plans on hold, says BMO survey

Even with prices on the decline, 56% of people said they feel they 'missed their moment' to buy a home

Other

20 h. ago SMBs Sound the Alarm: 85% of Small Business Owners Fear Recession

National study by LegalShield reveals 85% of small business owners are anxious about tariff impact Company’s internal data shows uptick in SMB collections, billing disputes and bankruptcy inquiries at levels not seen since 2020 ADA, Okla. — Small business owners across America are increasingly concerned about economic uncertainty and the impact of potential tariffs, according […]

Economics

3 d. ago Traders Draw Down LME Copper Stocks as Chinese Market Tightens

Traders including Trafigura Group and Mercuria Energy Group Ltd. are drawing down stocks of copper on the London Metal Exchange, as strong Chinese buying tightens the market for the bellwether metal despite fears of recession.

Economics

4 d. ago Trade war with United States ‘sours’ Canadian homebuyers’ sentiment

Real estate market now in balance across Canada, though Edmonton remains in a seller's market, says RBC Economics report.

Economics

5 d. ago Trump company strikes Qatari golf resort deal in sign it’s not holding back

The Trump family company struck a deal Wednesday to build a luxury golf resort in Qatar in a sign it has no plans to hold back from foreign dealmaking during a second Trump administration, despite the danger of a president shaping U.S. public policy for personal financial gain. The project, which features Trump-branded beachside villas […]

Economics

1 week ago What is ‘stagflation’? A closer look at the economic ‘double kiss of death’

Recession fears loom large for Canadians as the country grapples with U.S. President Donald Trump's tariffs. But economists are also warning of 'stagflation.' What is it?

Events

1 week ago Most Americans expect higher prices as result of Trump’s tariffs, new AP

WASHINGTON — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half of U.S. adults say that […]

Economics

1 week ago Delta passengers forced to ‘hold the plane together’ after roof caves in

Travellers on a Delta flight from Atlanta to Chicago got more than they bargained for when the interior of the plane started to collapse. “My homie was on a Delta flight and the ceiling collapsed,” content creator Lucas Michael Payne captioned a video on TikTok which has been viewed more than 200,000 times. The clip, […]

Other

2 w. ago Trump’s Tariff Policies Are Hurting the Businesses He’s Trying to Help

Companies are putting hiring and investment plans on hold while they figure out how to cope with the tariffs.

Economics

3 w. ago With recession fears looming, what comes next for the loonie?

As stock markets and commodities like oil ride a trade war roller coaster, the Canadian dollar has been showing resilience inching back above 70 cents USD. Where will it go next?

Other