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By Staff The Canadian Press Posted January 4, 2024 8:24 am Descrease article font size Increase article font size Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring. The firm’s economic outlook report predicts …
Read More »‘Tough all over’: Canadian parents rein in back-to-school spending
Descrease article font size Increase article font size Canadian consumers have grown increasingly vigilant about getting the biggest bang for their buck, and that extends to back-to-school shopping. A recent survey by Deloitte suggests that the cost of school supplies has risen by 24 per cent. The firm anticipates parents …
Read More »Canada leading most countries in retail sales. Why is spending so high? – National
Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found. The Colliers 2023 Retail Outlook said consumers are still spending, even though retail …
Read More »Canadians think tipping is ‘getting out of control,’ new poll suggest – National
Canadians are hitting their limit when it comes to tipping, new polling from the Angus Reid Institute appears to show. “People feel like tipping is getting out of control,” Angus Reid Institute Research Director David Korinski told The Roy Green Show on Sunday. “I think that it’s compounded by the …
Read More »Freeland to meet provincial and territorial finance ministers in Toronto
By Staff The Canadian Press Posted February 3, 2023 6:17 am Updated February 3, 2023 6:19 am Descrease article font size Increase article font size Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting Friday with the provincial and territorial finance ministers in Toronto. The meeting …
Read More »Will prices eventually fall in Canada? Why experts say deflation is unlikely – National
What goes up doesn’t necessarily come down. That’s contrary to the sentiment of a surprisingly large proportion of respondents to the Bank of Canada’s quarterly consumer expectations survey, released last week. According to the survey, more than a quarter of Canadians believe that current decades-high prices will drop five years …
Read More »COVID-19 vaccine rollout delay would have cost Canadian economy $156B: study – National
A study from the C.D. Howe Institute estimates Canada would have lost $156 billion in economic activity in 2021 had COVID-19 vaccines been rolled out six months later than they were. That would have been equivalent to about 12.5 per cent of Canada’s gross domestic product. “The results show that …
Read More »Bank of Canada governor to deliver year-end remarks as interest rates soar
The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per cent. News Source link
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