News
Bank of Canada delivers 50 basis point rate cut
Governor Tiff Macklem lowered borrowing costs at a fourth-straight meeting of Governing Council in Ottawa on Wednesday.
PBO sees budget deficits exceeding government projections
The PBO sees the 2023-24 federal deficit at $46.8 billion.
Inflation drops to 1.6% in September, opening way for half-point cut
Falling gasoline prices were the main driver of easing inflation in September.
Labour picture improves on better than expected job growth, lower unemployment
Canada added 47,000 new jobs in September
CEOs in Canada are becoming more worried about growth, KPMG says: Bloomberg
KPMG study finds Canadian CEOs are becoming less bullish on domestic economy
Flat GDP growth in August keeps half-point rate cut on table
GDP growth was higher than expected in July but flatlined in August, Statistics Canada reported.
Macklem warns AI may push prices higher through demand boost: Bloomberg
Macklem says the adoption of AI technologies may add to inflationary pressures in the short term.
Trump's tariff plan would shave almost a half-point off Canada's economy: CBC
Trump's proposed tariffs would have an immediate and negative effect on Canada's economy, CBC reports.
Canada’s $2-billion AI computing plan could help foreign tech giants: Globe
Trudeau's sovereign computing strategy may help AI industries in other countries.
