The Canadian Press

Bank of Canada on track for rate hike after GDP growth slows: Economists

Statistics Canada said Tuesday real gross domestic product grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending.

Bank of Canada expected to jack up interest rates as inflation persists

"Canadian inflation is running more than three times faster than target,'' Desjardins' head of macro strategy, Royce Mendes, wrote in a note to clients Monday.

Feds announce $247 million to create 25,000 apprenticeship positions across Canada

"We need Canadians to be able to seize these opportunities and to have the tools, training and resources they need to thrive," Employment Minister Carla Qualtrough said.

Nexus program backlog balloons to nearly 300,000 applications

The Canada Border Services Agency (CBSA) says 295,133 Nexus applications have yet to be processed due to ongoing office closures prompted by COVID-19.

UPDATED: Canopy shares take a dive as Q4 revenues fall 25%

The Smiths Falls-based cannabis company says it had a net loss of $578.6 million for the quarter ended March 31 compared with a net loss of $616.7 million a year earlier.

Feds proposing new internet, phone rules to the CRTC

Smaller internet service providers are cautiously optimistic about the new telecom policy directives unveiled by the federal government that are aimed at the Canadian Radio-television and Telecommunications Commission.

Banks sound notes of caution as outlook worsens, even as latest results show growth

"...Markets are struggling to predict how we land the economy, do we land it with a slight recession? And our message today is, it could go either way, it's 50-50," says RBC chief executive Dave McKay.

Worry about stagflation, a flashback to ’70s, begins to grow in the U.S.

Stagflation. It was the dreaded "S word" of the 1970s. For Americans of a certain age, it conjures...

Job vacancies hit record high of more than 1 million in March: StatCan

StatsCan said employers were seeking to fill more than one million positions at the beginning of March, up 22.6 per cent from February and 60.5 per cent from the prior year.

Insurance claimants face long wait times after deadly storm hits Ontario and Quebec

"My major cause for concern right now is establishing what insurance will and will not cover, and how expeditiously they will do so," said one Carlsbad Springs resident.

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