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U.S. tariffs on Canada and Mexico will take effect Tuesday, Trump says

March 3, 2025 No Comments

U.S. President Donald Trump has confirmed that his long-threatened trade war will go ahead, with tariffs on Canadian goods scheduled to take effect just after midnight tonight.

Q4 economic growth surges, but tariffs may sway BoC’s next move

February 28, 2025 No Comments

Canada’s economy outperformed expectations to close out 2024, but economists say the Bank of Canada’s next move will likely hinge more on tariff risks than on last quarter’s growth.

Trump confirms tariffs on Canada and Mexico set for March 4

February 27, 2025 No Comments

President Donald Trump has officially confirmed that tariffs on Canadian and Mexican imports will go into effect on March 4, 2025, following his comments earlier this week suggesting a delay.

Former Bank of Canada Governor Stephen Poloz

Former BoC governor Poloz warns Canada’s economy is ill-prepared for potential U.S. tariffs

February 5, 2025 No Comments

Canada’s economy is in a fragile state and ill-equipped to handle the potential economic shock of new U.S. import tariffs, warns former Bank of Canada governor Stephen Poloz.

November GDP falls short of expectations, marking largest decline since December 2023

January 31, 2025 No Comments

Canada’s real GDP fell 0.2% in November, the largest monthly decline since December 2023, according to Statistics Canada.

CMHC says total housing starts in 2024 up 2% from 2023

January 16, 2025 No Comments

Canada Mortgage and Housing Corp. says the total number of housing starts in 2024 rose two per cent compared with 2023, helped by increased starts in Alberta, Quebec and the Atlantic provinces.

Retail sales in Canada see modest gains in Q3, but too soon to celebrate, economists say

November 22, 2024 No Comments

Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.

CMHC reports annual pace of housing starts up eight per cent in October

November 18, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.

Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC

October 3, 2024 No Comments

A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year.

Consumer spending cools in Q2 as retail sales drop 1.8%

August 23, 2024 No Comments

The latest pullback in Canadian retail sales leaves the door open for another Bank of Canada rate cut on September 4.

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