1 week ago Canada marks record high trade deficit in April, Statistics Canada reports

Statistics Canada reports the trade deficit in April hit a record high at $7.1 billion, following a $2.3 billion reading in March amid U.S. tariffs and a drop in exports.

Economics

1 week ago Travel to U.S. from Canada drops again as domestic trips rise

The number of people travelling from Canada to the U.S. dropped in April, while domestic travel jumped compared with last year, new Statistics Canada data shows.

Other

2 w. ago Here's how much 10 key grocery items cost at Loblaws versus other grocers

With Walmart, Loblaws, and Sobeys being some of the most prevalent grocery chains nationwide, we decided to compare their prices.With over 400 locations, Walmart has a massive presence across Canada. Sobeys Inc., on the other hand, owns Sobeys, IGA, FreshCo, Foodland, and other stores, totalling 1,500 locations nationwide. In comparison, Loblaw Companies Ltd., which owns Loblaws, Zehrs, No Frills, Real Canadian Superstore, Shoppers Drugmart, and more, operates over 2,400 stores across the country.Inflation may have cooled at 1.7 per cent in April, according to Statistics Canada, but food continues to get more expensive — an increase of 3.8 per cent compared to last year. To make matters worse, Loblaw CEO Per Bank warned Canadians that prices of tariff-hit products are set to increase.So, how much would a grocery trip for 10 essentials like bread, milk, and eggs cost at Canada's leading grocery chains? Wherever possible, we selected the same brands and their regul...

Economics

3 w. ago Statistics Canada reports retail sales up 0.8% in March at $69.8 billion

OTTAWA — Retail sales rose 0.8 per cent to $69.8 billion in March, helped by an increase in new car sales as Canadians looked to get behind a new set of wheels before tariffs started to raise prices. The gain came as Statistics Canada’s preliminary estimate for April also pointed to an increase of 0.5 […]

Economics

3 w. ago Statistics Canada reports retail sales up 0.8 per cent in March at $69.8 billion

OTTAWA — Retail sales rose 0.8 per cent to $69.8 billion in March, helped by an increase in new car sales as Canadians looked to get behind a new set of wheels before tariffs started to raise prices. The gain came as Statistics Canada’s preliminary estimate for April also pointed to an increase of 0.5 […]

Economics

3 w. ago Benefits and credits you may be eligible for in Canada next month

Benefits and credit payments will be issued by the government of Canada or provincial governments in June through several programs, and you may be eligible for some.Most Canadians are now facing a tough time, with the high cost of living, stagnant wages and experts signalling the alarm about an impending recession.According to Statistics Canada's Consumer Price Index for April, the cost of food increased by 3.8 per cent, and housing increased by 3.4 per cent. On the plus side, the cost of transportation dropped slightly by 1.9 per cent.Loblaw CEO Per Bank warns that Canadian shoppers will likely feel the effects of rising prices as tariff-impacted products hit the shelves. According to the company's April food inflation report, products like coffee, liquid eggs, chicken, beef and nuts are set to become more expensive.Now is a great time to check which benefits you may be eligible for in Canada, or which payments you can expect to ...

Economics

3 w. ago Statistics Canada’s April inflation data to show impact of carbon price removal

OTTAWA — Statistics Canada is set to release inflation data for April today. Market data shows economists on average expect the annual rate of inflation cooled to 1.6 per cent last month, from 2.3 per cent in March. The Liberal government eliminated the consumer carbon price at the start of April, offering motorists some relief […]

Economics

3 w. ago Inflation slows sharply to 1.7% in April as consumer carbon price ends

OTTAWA — The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery store. The annual pace of inflation cooled to 1.7 per cent last month, down from 2.3 per cent in March, the agency said. […]

Economics

3 w. ago Canada’s April inflation data set to show impact of carbon price removal

New data from Statistics Canada is expected to show the first impacts of the April removal of the consumer carbon price on inflation.

Economics

3 w. ago Inflation in Canada drops in April led by falling energy prices

New data from Statistics Canada shows the first impacts of the April removal of the consumer carbon price, and tariffs on inflation.

Economics