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Tag Archives: economy

Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says – National

The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the Parliamentary Budget Officer. Ottawa is simultaneously dealing with rising debt costs and a slowing economy, both of which are fuelled by decades-high interest rates from the Bank of Canada as …

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2 years in, has the Bank of Canada’s historic rate hike campaign done the job? – National

It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history in a bid to tame rampant inflation, and the Canadian economy looks vastly different. As the Bank of Canada delivered the first of what would be 10 interest rate hikes …

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S&P/TSX composite up more than 200 points as price of oil rises

By Staff The Canadian Press Posted March 1, 2024 12:13 pm 1 min read Descrease article font size Increase article font size Canada’s main stock index was up more than 200 points in late-morning trading, helped by strength in the energy stocks as the price of oil moved higher. The …

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Body Shop Canada files for bankruptcy protection

The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act. The Canadian subsidiary of the international cosmetics brand announced Friday that it will immediately begin liquidating almost a third of its 105 …

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Nova Scotia budget expected to focus on health care, cost of living – Halifax

By Staff The Canadian Press Posted February 29, 2024 8:36 am 1 min read Descrease article font size Increase article font size Nova Scotia’s Progressive Conservative government will today table its third budget since being elected in August 2021. The past two budgets have focused heavily on bolstering the province’s …

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Did Canada avoid a technical recession? StatCan to release Q4 report – National

By Staff The Canadian Press Posted February 29, 2024 7:29 am 1 min read Descrease article font size Increase article font size Statistics Canada is set to release its fourth quarter gross domestic product report on Thursday. A preliminary estimate from the federal agency suggests real gross domestic product increased …

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CIBC beats profit estimates, TD posts lower profit on loan loss provisions – National

Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, driven by gains in its domestic personal and business banking unit that offset a blow from higher provisions it set aside for potential bad debts. Although higher interest rates have slowed demand for bank loans, they have helped …

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Alberta finance minister to table 2024 budget

By Caley Gibson Global News Posted February 29, 2024 8:00 am Updated February 29, 2024 8:07 am 1 min read Descrease article font size Increase article font size Alberta’s finance minister is set to table the 2024 budget on Thursday afternoon. Premier Danielle Smith has warned that the province will …

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Winnipeg’s office vacancy rate to tick higher downtown, tighten in suburbs: report – Winnipeg

Nationwide, investors in real estate are anticipating a positive take on the market, highlighted by a new report from CBRE. But while the nation is expecting a recovery of commercial real estate investment, the situation is not easily comparable in Winnipeg. CBRE’s Canada Real Estate Market Outlook states that foreign investment …

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Gender pay gap double in private vs public sector, report says. Why? – National

The gender pay gap for female employees in Canada’s private sector is double that in the public sector, which is doing a better job of narrowing the wage inequalities, according to a report published Wednesday. The Canadian Centre for Policy Alternatives (CCPA) analyzed hourly pay rates in 2023 and to …

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