Canadian recession looms this year if U.S. tariffs stay in place: economists
Economists say the Canadian economy is poised to plunge into a recession this year if U.S. tariffs that took effect Tuesday morning remain in place.
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Canada’s economy heated up heading into 2025 — now comes Trump
Canada’s economy was heating up heading into 2025, but the return of U.S. President Donald Trump to the White House threatens to snuff out those burgeoning flames.
Canadian consumer confidence hits lowest level since 2023 on U.S. tariff fears
Fears of a trade dispute with the United States have pushed consumer confidence in Canada to its lowest level in more than a year, according to a new
Canadian chip and hardware makers brace for tariffs, seek domestic support
Ramee Mossa was months into fundraising for his power hardware company FTEX when U.S. President Donald Trump started looming over the negotiations. As soon as Trump took office, potential
Home sales dented by tariff worries in January as listings surge: CREA
Tariff uncertainty put downward pressure on home resales in January while total listings saw one of the biggest spikes in decades, said the Canadian Real
Economists more confident in Bank of Canada rate hold as inflation ticks up to 1.9%
Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada’s annual inflation rate
Canopy Growth reports $121.9M Q3 loss compared with $216.8M loss a year earlier
Canopy Growth Corp. reported a loss of $121.9 million in its latest quarter compared with a loss of $216.8 million in the same quarter a
CMHC predicts home sales, prices to rebound in 2025, but tariff threat clouds outlook
Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but
Trump agrees to pause tariffs on Canada after feds pledge to boost border enforcement
U.S. President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Canada and Mexico as America’s two largest trading partners
Shopify CEO aims to modify Shop app to encourage buy local
Canadian businesses preparing for Tuesday’s imposition of tariffs are leaning into the “buy Canadian” sentiment. Grocery chain Loblaw Companies Ltd. has committed to securing more
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