Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike
Statistics Canada says the country’s inflation rate fell to 3.4 per cent in May — the lowest it’s been since June 2021.
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Statistics Canada
Statistics Canada says Canadians travelled more to U.S. and overseas in April
Canadians are taking more trips outside the country this year compared with 2022, but hasn’t returned to pre-pandemic levels, per Statistics Canada.
Retail sales grow 1.1 per cent in April as consumer resiliency continues
Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an economically challenging environment but that momentum is expected
Lack of international travellers hurting some, but not all, local tourism operators
While the head of the Tourism Industry Association of Canada warns that businesses are struggling to stay afloat under a pile of debt and a
Strong sales but lower profits for many local businesses, retail reports suggest
Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the retail picture, experts agree.
Region’s unemployment rate holds steady at 4.2% in May as labour force grows
Canada’s unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any
BoC may have to raise interest rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada
Cannabis price ‘race to the bottom’ hurts market’s future: OCS CEO
“Once you condition consumers to certain prices, it may take a generation to change perceptions and price tolerances,” said David Lobo, Ontario Cannabis Store president
What slowdown? Economy continues to outperform, raising odds of rate hike next week
The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the
Annual inflation rate edged up in April, raises chances of higher interest rates
Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
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