9 h. ago Policymakers still unsure where Bank of Canada rate should land

Some members of the governing council said there should not be any further rate relief

Events

28 h. ago Here’s what Canada’s effective U.S. tariff rate might look like after carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import […]

Economics

30 h. ago Here’s what Canada’s effective U.S. tariff rate might look like after the carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import […]

Economics

31 h. ago Ontario's unemployment levels keep surging higher and Toronto is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

Other

31 h. ago Ontario's unemployment levels keep surging higher and Toronto's is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

Other

33 h. ago Here’s where Canada’s effective U.S. tariff rate might stand after the carve

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say. RBC senior economist Claire Fan said in an interview that the effective tariff rate is an average of the import duties […]

Economics

50 h. ago Iran says talks with IAEA will be ’complicated’ ahead of agency’s planned visit

TEHRAN — Talks between Iran and the International Atomic Energy Agency will be “technical” and “complicated,” the Islamic Republic’s Foreign Ministry said Monday ahead of a visit by the nuclear watchdog for the first time since Tehran cut ties with the organization last month. Relations between the two soured after a 12-day air war was […]

Other

58 h. ago Canada could be trade winner as U.S. tariffs undershoot global competitors by wide margin, says report

Oxford estimates the U.S.'s current effective tariff rate on Canada is 2.5%

Economics

59 h. ago Financial market expects Bank of Canada interest rate to fall to 2.25% by year

Central bank survey finds only 35% chance of recession

Other

66 h. ago Treasury Yields Slide Before CPI as Fed Cut Speculation Grows

Treasury yields slipped as investors brace for a key reading of US inflation that may bolster the case for the Federal Reserve to cut interest rates next month.

Other

3 d. ago US Treasury Rally Stalls as Key Consumer Price Data Looms Large

Treasury yields rose from a three-month low ahead of a key inflation report that may shape market expectations that the Federal Reserve will cut interest rates as soon as next month.

Economics

5 d. ago ‘Worst jobs reading in three years’ raises odds of Bank of Canada rate cut next month

Canada shed 41,000 jobs in July, the worst showing since January 2022

Other

5 d. ago Here’s a quick glance at unemployment rates for July, by Canadian city

OTTAWA — The national unemployment rate was 6.9 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the […]

Other

5 d. ago Canada lost 41K jobs in July, but unemployment rate holds steady at 6.9%

Statistics Canada says youth aged 15 to 24 saw the biggest employment drop in July amid the tough summer jobs market, with 34,000 lost.

Other

5 d. ago Economy lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — The Canadian economy shed some 41,000 jobs in July as young workers and the private sector bore the brunt of the losses, Statistics Canada said Friday. The unemployment rate held steady at 6.9 per cent as the number of job seekers was roughly unchanged from June. The economy lost 51,000 full-time positions in […]

Other

5 d. ago Canada lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — Statistics Canada says the economy shed some 41,000 jobs in July, partially offsetting a gain of 83,000 positions in June. The unemployment rate meanwhile held steady at 6.9 per cent last month as the agency says the total number of job seekers was roughly unchanged. StatCan says July’s losses were concentrated in full-time […]

Other

5 d. ago Canada loses 41,000 jobs, but unemployment rate holds steady

Biggest monthly drop in jobs since 2022

Other

6 d. ago Sweden’s Core Inflation Trails Analyst Forecasts, Backing Easing

Sweden’s core inflation rate fell slightly more than analysts expected last month, likely backing the case for the country’s central to cut interest rates later in August to support the misfiring economy.

Economics

9 d. ago Asian markets are mixed after Wall St tumbles following poor US jobs report

BANGKOK (AP) — Shares in Asia are mixed after Wall Street had its worst day since May following the release of weak U.S. jobs data. Markets in Asia had already reacted on Friday to U.S. President Donald Trump’s announcement of sweeping tariffs on imports from many U.S. trading partners, posting moderate losses. The new import […]

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9 d. ago Asian markets mostly gain after Wall St tumbles following poor US jobs report

BANGKOK (AP) — Shares in Asia advanced Monday after Wall Street had its worst day since May following the release of weak U.S. jobs data. Markets in Asia had already reacted on Friday to U.S. President Donald Trump’s announcement late Thursday of sweeping tariffs on imports from many U.S. trading partners. The new import duties […]

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