The Canadian Press

Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023

The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent...

Members of public service union vote in favour of federal strike mandate

Members of the public service's largest union, which represents more than 120,000 federal workers, have voted in...

Cannabis company Tilray to buy rival Hexo in all-share deal

The arrangement will see Tilray issue 0.4352 shares of its stock for each outstanding Hexo share.

BoC expected to hold interest rate this week, even as economy keeps some steam

The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot.

BoC surveys show businesses, consumers gear up for slowdown as economy softens

Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they're also adjusting their finances to account for a slowdown.

Tourism shot up in 2022, but still far short of pre-pandemic levels: StatCan

Spending on tourism continued to grow last year as travellers returned to planes and patios, but it remained well below pre-pandemic levels, according to Statistics Canada.

Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.

$491B federal budget invests heavily in green economic transformation

The 2023 federal budget promises "transformative investments" in Canada's green economy as the country tries to maintain its place in the global clean tech revolution and realign its supply chains toward allies who won't use energy as a political weapon.

Canada heading into ‘mild recession’ as tight monetary policy squeezes growth: Report

New research says Canada is heading into a mild recession as elevated borrowing costs, a downturn in the U.S. and persistent inflation dial up the country's economic uncertainty.

These are the three things you should expect in the federal Liberals’ upcoming budget

The federal Liberal government is expected to release its budget for the 2023-24 fiscal year on Tuesday: Here's a look at three big things to expect.

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