The Canadian economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Friday that the economy edged up 0.1 per cent, outperforming its preliminary estimate that real GDP would remain unchanged for the month. Growth in services-producing industries, led by gains in the […]
Canada’s annual inflation rate edged down slightly to 6.8 per cent in November. In its latest consumer price index report released Wednesday, Statistics Canada said slower price growth for gasoline and furniture last month was offset by rapidly rising shelter costs and stubbornly high grocery prices. Grocery prices climbed at a faster annual rate in November. The […]
A new survey suggests the rising cost of living has forced more than half of Canadians to cut costs in myriad ways including by choosing cheaper, less healthy foods and skipping medications. The Salvation Army released the data today as part of its Christmas fundraising campaign. Research by Edelman Data & Intelligence suggests a growing […]
The size and scope of the oil spill caused by the Keystone pipeline Wednesday remains unknown, but analysts say Canadian crude could suffer a significant price impact if the pipeline is shut down for more than a few days. Pipeline operator TC Energy Corp. said Wednesday evening that it had mobilized people and equipment in […]
The provincial government is happy about the latest jobs report today. It its latest jobs report, Statistics Canada said that the province added 11,800 jobs in November, an increase of 2.1 per cent compared to November 2021. The province set several record highs for the month, including employment, full-time employment, female employment, off-reserve Indigenous employment, […]
The Regina Food Bank is eyeing a former government liquor store location as a good spot for a downtown community food hub. The food bank’s current location near the north end of Winnipeg street is great for a warehouse, but its far removed from most of their clients. The Regina Food Bank’s board is looking […]
The Canadian economy added 108,000 jobs in October, reversing much of the losses observed in recent months and surprising forecasters who were expecting a very modest bump in employment. In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 per cent as more Canadians […]
Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents. According to the CAA’s gas price tracker, the price of gas is up nationally by just over three cents on average at 158 cents per litre, with some provinces seeing higher jumps than others. In Alberta, prices are up […]
Canada’s unemployment rate was 5.4 per cent in August, ticking up for the first time in seven months. The economy lost 40,000 jobs last month, Statistics Canada reported in its latest labour force survey, with the losses concentrated in the public sector. The report says employment gains in professional, scientific and technical services were offset […]
The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. The rate hike matches up with what many economists were expecting, bringing the bank’s key rate to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues […]
