Canada & World

Economists see Bank of Canada holding on rates after surprise GDP contraction

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end.

Online News Act could see Google, Meta pay combined $230 million to Canadian media

The federal government has put a price tag on how much it would like to see Google and Meta spend under an act requiring the tech giants to compensate media for news articles.

Canadian pot stocks climb on reports that U.S. may ease cannabis restrictions

Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance.

Kimberly-Clark pulling Kleenex tissues from store shelves in Canada

U.S. manufacturer Kimberly-Clark says its Kleenex consumer facial tissue business is leaving Canada this month.

Return of live shows after COVID closures revived performing arts industry: StatCan

A new report from Statistics Canada says the return of live shows and events after pandemic restrictions revived the country's performing arts industry in 2022, with significant revenue and salary growth in specific sectors.

Local tourism still recovering, China decision could have ‘huge impact’

China lifted a pandemic ban on group tours to countries last week including the United States and Australia, but tourists are still barred from group visits to Canada.

Report says fintech investments down in first half of 2023 as valuations tumble

A report by KPMG in Canada says investment in Canadian fintech companies plunged in the first half of the year as valuations fell to levels not seen since the beginning of the pandemic.

July home sales see largest annual rise in two years: CREA

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.

As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC

Canada's annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall.

Economists expect rise in inflation as price growth fight enters new phase

Forecasters anticipate this week's consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation.

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