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U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem.
Economists expect little movement in Canada’s inflation numbers, if any, when January data is released this week, though the underlying change in prices will be clouded by a full month of the government’s GST break.
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
Liberal leadership hopeful Mark Carney says – if he were to become prime minister – his government would 'immediately remove' the consumer carbon tax and replace the policy with an incentive program to 'reward Canadians for making green choices.'
Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.
The Bank of Canada’s sixth straight interest rate cut will provide relief to Canadians' finances in various ways, particularly for certain loans, according to financial experts.
New changes to high interest and payday loans in Canada came into effect on Jan. 1 in a move to crack down on “predatory lending” practices.
Recent data suggests that as many as 41 per cent of working Canadians are financially stressed.
Economists expect fresh data this week will reveal inflation slowed further in December, paving the way for the Bank of Canada to continue cutting interest rates.
Inflation is an unavoidable reality, and personal finance contributor Christopher Liew offers some strategies to help you preserve your money’s value and help it grow over time.
Members of the restaurant industry are calling on the federal government to make the GST holiday permanent, even though some businesses have yet to see much impact from the tax break.
Canada Post is raising the price of stamps, starting today. Stamps purchased in a booklet, coil or pane will cost 25 cents more at $1.24 per stamp. The price of a single domestic stamp is now $1.44, up from $1.15.
Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.‘s quarterly report on consumer debt.
A trillion dollars worth of Canadian goods and services are exported out of the country annually with a third of it going to the United States. One economist says if Trump imposes a 25 per cent tariff on those goods, it will be detrimental to the Canadian economy.
Canada's labour market capped the year with some 'good news,' adding 91,000 jobs in December, shattering economist expectations, though there are still calls for further interest rate cuts amid the threat of U.S. tariffs.
The board heading up Canada's grocery code of conduct has hired an adjudicator to oversee the code's implementation.
