economy

Canada’s annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled. The November consumer price index report released Tuesday from Statistics Canada shows higher prices for recreation and clothing put upward pressure on inflation. Provincially, the rate of inflation in Saskatchewan climbed to 2.3 per cent from […]

Finance Minister Chrystia Freeland and her provincial and territorial counterparts say housing, pensions and economic growth will be hot topics as they gather in Toronto for their annual meeting. “I am sure that we will be discussing housing, which is the central priority for so many Canadians today,” she said in opening remarks delivered before […]

Food prices will keep rising in 2024, though at a slower pace, according to the latest Food Price Report. The 14th annual report by Dalhousie University, the University of British Columbia, the University of Guelph and the University of Saskatchewan predicted that food prices will rise between 2.5 per cent and 4.5 per cent next year as […]

Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s population is growing rapidly. Statistics Canada released its November labour force survey Friday, showing the economy added a modest 25,000 jobs, slightly surpassing forecasters’ expectations. Manufacturing and construction saw the […]

As scores of shoppers pack local malls to hunt for Black Friday deals, Dianne Debarros will be on the lookout for discounted toys and laptops her kids will soon need for school. The Sarnia, Ont., woman has already started her Christmas shopping but wants to supplement her purchases on a trip to Real Canadian Superstore, where the chain […]

The “next steps” for a long-awaited Indigenous loan guarantee program will be announced in next year’s federal budget, the Liberal government promised in its fall economic statement on Tuesday. But industry groups and Indigenous leaders are still waiting for details on whether the program, which the fiscal update said would help communities invest in the […]

The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell, Statistics Canada said Tuesday. The agency said the price drivers paid for gasoline in October fell 7.8 per cent from a year earlier compared with a 7.5 per cent increase […]

Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates. Statistics Canada released its October labour force survey Friday, which showed the economy added a modest 18,000 jobs. The gain was not enough to keep the unemployment rate from rising […]

The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]

The Saskatchewan Party government is to deliver the throne speech today and outline its priorities for the year.  Premier Scott Moe says the government plans to address concerns around affordability.  He says the province is looking at how it could help people struggling with housing costs.  The Opposition NDP says it plans to continue to focus on […]