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Canada's economy added 88,000 jobs in May, according to Statistic Canada data out Friday, defying economists' predictions and partially offsetting drops in employment so far this year. Canada had lost 112,000 net jobs in the…
Bank of Canada interest rate announcement This live blog has now ended. Find more coverage of the interest rate decisions here. The Bank of Canada kept its policy interest rate at 2.25 per cent on Wednesday – its…
Canada’s banking regulator said banks have the capacity to boost lending to small- and medium-sized businesses and called on the sector to follow the lead of a U.S. bank that committed more than $1-trillion dollars…
The Bank of Canada held interest rates at 2.25 per cent on Wednesday as it tries to balance the risks of a slowing economy against higher inflation, but one economist thinks the central bank might be closer to…
B.C.'s lowest-paid workers will get a wage increase to $18.25 per hour on June 1, 2026, in pace with inflation. “Working people in our province are feeling the pressure of inflation,” said Jennifer Whiteside, Minister…
OTTAWA -- A surprisingly strong May jobs report has reinforced many economists’ views that the Canadian economy is not in a recession. Statistics Canada reported Friday that the economy added 88,000 jobs in May, topping…
Prime Minister Mark Carney announced the federal government’s long-delayed artificial intelligence strategy in Toronto on Thursday, a plan that lays out more than $2.3-billion in new spending to increase business adoption, provide free literacy training to Canadians…
Despite rising costs and trade challenges, Canadian business sentiment remains resilient, according to Statistics Canada (StatCan). Overall, 66.8% of businesses are optimistic about their outlook over the next 12 months, a proportion similar to levels…
The Bottom Line: Canadian GDP came in sharply below expectations in Q1—edging down 0.1% (annualized rate) to mark a second consecutive quarterly decline following a 1% (previously reported as -0.6%) drop in Q4, and well…
Sluggish trade negotiations between Canada and the U.S. are finally showing faint signs of life as a milestone looms for renewal of their three-way trade deal with Mexico. The minister responsible for Canada-U.S. trade, Dominic…
Canada’s economy likely returned to growth in Q1 2026 with gross domestic product bouncing back by an annualized 1.7% after declining 0.6% in Q4, supported by improving domestic growth drivers. Details behind the decline in…
Business owners could unlock significant tax savings if they sell their business to an employee ownership trust (EOT) now that Ottawa is making the regime’s key tax break permanent. An exemption on the first $10-million…