19 h. ago US Trade Gap Shrinks on Export Boost as Imports Stay Elevated

The US trade deficit shrank in February from a record at the start of the year as stronger exports blunted the impact of a rush to secure goods and materials before the Trump administration’s sweeping tariffs.

Economics

19 h. ago Statistics Canada reports $1.5B trade deficit for February as exports fell

OTTAWA — Statistics Canada says the country’s merchandise trade balance fell to a deficit of $1.5 billion in February as exports fell. The federal agency says the result compared with a surplus of $3.1 billion in January. Total exports dropped 5.5 per cent to $70.1 billion in February as exports of energy products fell 6.3 […]

Economics

35 h. ago Trump announces global reciprocal tariffs, but any hit to Canada not immediately clear

Early reports suggest the exemption on goods covered by the CUSMA trade pact would remain in place

Economics

6 d. ago Canada’s slumping growth hints at recession starting in second quarter, economists say

Statistics Canada releases GDP flash estimate for February showing growth flatlined

Culture

6 d. ago Canada’s economy got hot in January, but StatCan points to February chill

OTTAWA — Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February. The agency says real gross domestic product rose 0.4 per cent in January thanks largely to a boom in the oil and gas and mining industries. Canada’s goods-producing industries […]

Other

7 d. ago San Antonio and Detroit among U.S. cities most vulnerable to tariffs: Report

OTTAWA — San Antonio, Detroit and Kansas City are the three American cities most vulnerable to a trade war, says new research by the Canadian Chamber of Commerce.  The research looked at 41 cities in the U.S. to determine which ones are the most dependent on trade with Canada.  The report says that U.S. cities […]

Economics

1 week ago Statistics Canada says retail sales down in January as shoppers reined in spending

OTTAWA — Retail sales fell 0.6 per cent to $69.4 billion in January as sales in the auto sector moved lower, Statistics Canada said. “Consumers tightened their belts to start the year with retail sales retreating more than expected in January after a strong showing in December,” said TD economist Maria Solovieva in a note. […]

Economics

1 week ago Statistics Canada says retail sales down 0.6 per cent in January at $69.4B

OTTAWA — Statistics Canada says retail sales fell 0.6 per cent to $69.4 billion in January as sales in the auto sector moved lower. The agency says sales at motor vehicle and parts dealers dropped 2.6 per cent for the month as sales at new car dealers fell 3.2 per cent and automotive parts, accessories […]

Economics

2 w. ago Statistics Canada says population rose to 41,528,680 at Jan. 1 as growth slowed

OTTAWA — Statistics Canada says the population grew to 41,528,680 people as of Jan. 1 as the pace of growth continued to slow after peaking in the third quarter of 2023. The total number of people was up 63,382 compared with Oct. 1, 2024, for a quarterly growth rate of 0.2 per cent. The agency […]

Economics

2 w. ago Tariff uncertainty is affecting Canadian real estate and Ontario is hardest hit

While spring is typically the busiest time of the year to buy a home as more properties become available and competition increases, the housing market this season appears to be in a bit of a decline in Canada —and especially in Ontario — amid the ongoing trade war with the United States. According to a new report from the Canadian Real Estate Association (CREA), home sales in the country fell sharply from January to February, as many prospective home buyers chose to remain on the sidelines due to the threat of U.S. President Donald Trump's tariffs. Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month over month in February, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022. "The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leadin...

Economics

2 w. ago La fin du congé de TPS fait bondir l’inflation à 2,6% en février au Canada

Il s’agit d’une hausse marquée par rapport à l’augmentation de 1,9 % enregistrée en janvier.

Economics

2 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

2 w. ago Statistique Canada s’apprête à publier les données sur l’inflation de février

La plupart des économistes s’attendent à une accélération de l’indice des prix à la consommation.

Economics

2 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

3 w. ago INSIDE THE LEAFS: Did the Leafs make the right move asking Mitch Marner to waive his no

WATCH BELOW the latest episode of Inside The Leafs, Postmedia’s Rob Wong speaks with Toronto Sun Maple Leafs writers Terry Koshan and Lance Hornby about the Maple Leafs reportedly asking Mitch Marner to waive his no-trade clause in a potential deal for Carolina’s Mikko Rantanen and what they have thought about the new additions in […]

Other

3 w. ago Canadians overwhelmingly oppose MPs getting hefty salary increase in April

The country's 338 members of Parliament are expecting a significant salary increase in April, and most Canadians aren't happy about it.According to government information-based estimates by the Canadian Taxpayers Federation (CTF), backbench MPs currently earn an annual salary of $203,100. This is well above the Canadian average of $67,282, according to Dundas Life.Per Statistics Canada's latest data, the average income from salaries, wages, and commissions stood at $56,300 (median: $44,000) in 2022.The pay rise kicks in on April 1. Based on contract data published by the federal government, the CTF estimates this would be a 3.2 per cent pay bump. That means MPs would get paid $209,800 — a $6,700 increase.The CTF is a Saskatchewan-founded advocacy group "dedicated to lower taxes, less waste, and accountable government."It shared the results of a Leger poll published on March 5, 2025, showing that 79 per cent (or eight in 10) of Canadians oppose the upcoming MP raise.A look at C...

Other

3 w. ago Trump Tariffs to Be Weighed in March Farm Crop Report, USDA Says

A closely watched crop report due Tuesday will take existing trade tariffs into account as part of global forecasts for the world’s corn, soybeans and other farm products.

Economics

3 w. ago Minimal job gains in February as unemployment rate holds at 6.6%: StatCan

OTTAWA — Jobs figures from Statistics Canada show Canadian employers largely put their hiring plans on ice in February. The agency says employment was “virtually unchanged” last month amid a gain of just 1,100 jobs across the country, falling short of economists’ expectations. Canada’s unemployment rate held steady at 6.6 per cent as population growth […]

Other

4 w. ago 'That's a win!': Hockey world reacts to Edmonton Oilers trading for top d

News broke online from the Fourth Period’s David Pagnotta that San Jose and Edmonton were working on a trade that would see Edmonton pick up d-man Jake Walman, 29. “We’ll see if it gets over the finish line,” said Pagnotta. Here is the Cult’s Bruce McCurdy with his full report on the trade. The hockey […]

Sport

4 w. ago 'That's a win!': Hockey world reacts to Edmonton Oilers trading for a Top 4 d

News broke online from the Fourth Period’s David Pagnotta that San Jose and Edmonton were working on a trade that would see Edmonton pick up d-man Jake Walman, 29. “We’ll see if it gets over the finish line,” said Pagnotta. Here is the Cult’s Bruce McCurdy with his full report on the trade. The hockey […]

Sport