Canada & World

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...

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.

$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.

Ottawa craft breweries brace for Canada’s biggest alcohol tax jump in 40 years

Canada's restaurant industry is bracing for the biggest jump in the country's alcohol excise duty in more than 40 years, spurring warnings the tax hike could force some bars and restaurants out of business.

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

Statistics Canada said Tuesday its consumer price index in February was up 5.2 per cent compared with a year earlier.

Ontario court permits Nordstrom Canada to liquidate closing stores

Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations.

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