economy

The Canadian economy added 41,000 jobs in February as employment gains continue to lag strong population growth in the country. The federal agency’s labour force survey released Friday says the unemployment rate ticked up to 5.8 per cent last month. Job gains were spread across several industries in the services-producing sector, with the strongest employment growth in […]

The Bank of Canada is holding its key interest rate steady at five per cent today, arguing it is still too soon to start lowering rates. The central bank says inflation has continued to ease and the economy is weakening but underlying price pressures are still persistently high. Canada’s inflation rate dropped to 2.9 per […]

Brad Gushue was cruising at the 2018 Canadian men’s curling championship in Regina. After winning a first Brier in storybook fashion in his hometown of St. John’s N.L. and a world championship in 2017, the pressure was off and his curling team fired on all cylinders in Regina. But a lesson was learned there to […]

Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers. During a conference call earlier this month, Wendy’s CEO Kirk Tanner said that the Dublin, Ohio-based burger chain will start testing dynamic pricing, also known as surge pricing, as […]

Ask John Wildenborg if he thinks Canadians will be paying more for steak during future barbecue seasons, and the owner of Calgary specialty butcher shop Master Meats doesn’t hesitate. “Prices are definitely going to go higher, no ifs, ands or buts about it,” he said. “It keeps me up at night, actually, thinking about coming […]

Canada’s unemployment rate fell to 5.7 per cent last month, marking the first decline since December 2022, Statistics Canada reported on Friday. The agency’s labour force survey said the economy added 37,000 jobs in January after several months of relatively no change in employment. Canada’s labour market cooled significantly last year as high interest rates […]

The Canadian economy grew 0.2 per cent in November, marking the first month of expansion in six months, Statistics Canada reported Wednesday. A preliminary estimate suggests real gross domestic product increased 0.3 per cent in the fourth quarter after declining 1.1 per cent in the third quarter. That would bring economic growth in 2023 to […]

Canada’s annual inflation rate rose 3.4 per cent in December, largely reflecting a sharper decline in gasoline prices a year ago compared to last month. The federal agency released its consumer price index report Tuesday, showing inflation ticked up from 3.1 per cent in November. Economists were widely expecting this rise due to a base year effect, which refers […]

Canada’s price on pollution is supposed to help battle global warming, but as it nears its fifth anniversary, nothing in Canadian politics is hotter. Conservative Leader Pierre Poilievre has so successfully convinced Canadians the carbon price is to blame for inflation that he even earned begrudging respect for his “axe the tax” campaign from Prime […]

Getting the economy going in the right direction was one of things Premier Scott Moe feels was a big accomplishment for his government, but he concedes there is more work to be done, especially when it comes to protecting that economy in the months and years ahead. In a wide ranging interview with Harvard Media […]