Economics

Almost a week into the GST holiday, retailers and restaurant owners appear on track for a sales boost despite some of the struggles they faced implementing the temporary break.

John Manley says “he wouldn’t be surprised” if Canada’s Liberal party executives met in the near future and asked newly appointed Minister of Finance Dominic LeBlanc to take over as acting leader from embattled Prime Minister Justin Trudeau and lead the party into an election.

A new report by Canadian Manufacturers and Exporters says the tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers.

The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid the threat of tariffs from U.S. President-elect Donald Trump.

The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to to stronger consumer spending and exports.

On the global stage, countries export some goods and services while importing others. A trade deficit occurs when the dollar value of a country’s imports is more than its exports. 

The U.S. Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.

One equity strategist says that U.S. President-elect Donald Trump’s threat to impose sweeping tariffs on goods from Canada on his first day in office next month would immediately hurt American consumers and is unlikely to happen without major carveouts.

Canada is removing a key incentive that gave foreign workers an easier pathway to gain permanent residency, part of a broader crackdown to drastically reduce immigration.

Economists say uncertainty hangs over the federal government’s latest fiscal update, in the form of domestic political volatility and trade tensions with the U.S.

It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.

The Conservatives are calling for Parliament to hold hearings in January on Canada-U.S. trade ahead of president-elect Donald Trump’s entry to the White House.

A new poll suggests nearly a third of Canadians are planning to minimize their spending in the new year.

Canada’s annual inflation rate remained stable in November, coming in a touch below the Bank of Canada’s two per cent target, though economists anticipate some volatility in the months ahead.

Some business leaders worry the resignation of Finance Minister Chrystia Freeland from the federal cabinet leaves Canada without a “quarterback” at a critical moment for the country’s economy and trade relationships.