Daily News

FP Economy Source: Financialpost April 07, 2022

Liberals set to spend oil windfall on social and climate programs in today's budget

Finance Minister Chrystia Freeland expected to roll out more than $100 billion in new spending Prime Minister Justin Trudeau is set to deliver a budget that will funnel revenue windfalls from soaring oil prices toward costly new programs, passing u...

FP Economy Source: Financialpost April 05, 2022

Canada's exports hit record high in February, boosted by energy products

Energy exports rose 7.8 per cent to a record high, making up more than two-thirds of the total increase OTTAWA — Canada’s exports rose 2.8 per cent in February to a record high, driven mostly by energy products, while imports climbed 3.9 per cent f...

FP Economy Source: Financialpost March 31, 2022

Canada's economy now 1.2% above pre-pandemic level after nine months of growth

GDP seen up 0.8% in February, 0.2% in January OTTAWA — The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to re...

FP Economy Source: Financialpost March 28, 2022

Canadians feeling pessimistic about economy as confidence falls to lowest in a year

Combination of higher inflation, rising interest rates and uncertainty surrounding the war starting to weigh on consumers Canadian consumer sentiment tumbled to its lowest level in more than a year as Russia’s invasion of Ukraine and surging inflat...

Source: Bankofcanada March 25, 2022

Household differences and why they matter

Deputy Governor Sharon Kozicki talks about why differences in income, wealth and debt across households are important for the economy and what the Bank of Canada wil...

Source: Bankofcanada March 23, 2022

Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022

The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII). The CBNII was es...

FP Economy Source: Financialpost March 18, 2022

Retail sales jump above expectations led by surge in auto sales

Canadian retailers posted stronger-than-expected revenue gains in January, though business waned in February, according to data from the country’s statistics agency. Sales jumped 3.2 per cent in January, led by a pick-up in auto sales but with...

Source: Bankofcanada March 16, 2022

Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank...

FP Economy Source: Financialpost March 16, 2022

Higher oil prices give Chrystia Freeland more room to spend in April budget

The government is set for an even bigger revenue windfall than it projected in December Surging commodity prices are giving Finance Minister Chrystia Freeland breathing room to deliver on spending demands in next month’s budget without pushing Cana...

FP Economy Source: Financialpost March 16, 2022

Inflation surges to 5.7%, adding pressure on Bank of Canada to accelerate rate hikes

Kevin Carmichael: The latest CPI numbers will stoke speculation that the Bank will play catch-up and raise its rate by half a point in April Inflation in February accelerated from a rate that was already way too fast, adding to the pressure on Bank...