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Canada

July boost in Canadian retail sales welcome, but more rate cuts needed: analysts

Canadian retail sales edged up in July, but economists say it will take further interest rate cuts to spark lasting activity.…

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Business

Canada’s inflation rate finally hit the Bank of Canada’s target. What does that mean for prices?

Canada’s inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada’s target…

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Business

Canada’s unemployment rate rises to 6.6%, sparking concerns

Canada’s unemployment rate is just the latest economic indicator flashing red. It climbed to 6.6 per cent last month. Excluding…

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Business

Canada’s unemployment rate rose in August amid tough summer job market

Canada’s unemployment rate increased to 6.6 per cent in August as students continued to face a difficult summer hiring season.…

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Politics

Bank of Canada cuts key interest rate to 4.25%

The Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, the third consecutive cut since June. …

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Business

Canada’s inflation rate dips to 2.5% in July, lowest since March 2021

Canada’s annual inflation rate dropped to 2.5 per cent in July  — down from 2.7 per cent in June, Statistics Canada said…

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Business

U.S. inflation in July hits lowest rate in 3-plus years

Year-over-year inflation in the United States reached its lowest level in more than three years in July, the latest sign that…

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Business

Unemployment rate unchanged in July at 6.4%

Business·New Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said…

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Business

Rents are still rising across Canada, but at the slowest rate in 2 and a half years

Rents are still rising across Canada, but doing so at their slowest pace in the last 2½ years, according to…

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Business

Bank of Canada summary suggests weak job market was a concern ahead of July rate cut

The Bank of Canada wants the economy to pick up speed again and some members of its governing council are…

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