Canada's inflation rate rose 2.3% in March - Economy news

Canada's inflation rate rose 2.3% in March

15-04-2025 14:39 via cbc.ca

The annual rate of inflation rose 2.3 per cent for the month of March. This comes after the rate increased 2.6 per cent for the month of February.

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Hudson's Bay workers denied commission pay during liquidation sales

22-04-2025 17:45 via cbc.ca

Hudson’s Bay Co. has stopped paying commission to hundreds of cosmeticians and fragrance advisers during liquidation sales, effectively reducing their salaries.

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Could Trump actually fire head of the U.S. central bank, Jerome Powell?

22-04-2025 16:29 via cbc.ca

U.S. President Donald Trump has been mounting attacks against the Federal Reserve chair, Jerome Powell, for his refusal to cut interest rates further. But the president's power over the independent central banker isn't so clear cut.

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Did TikTok tell you to buy luxury goods straight from China? Experts say proceed with caution

22-04-2025 10:00 via cbc.ca

Videos urging consumers to buy brands like Louis Vuitton, Hermes and Lululemon — or quality knockoffs — directly from manufacturers in China are popping up on social media. Experts say they might be propaganda, even if some of the claims about supply chains aren't far off.

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Stock markets tumble as investors pull back from American assets

21-04-2025 23:45 via cbc.ca

Wall Street weakened Monday as investors worldwide became more skeptical about American investments, something many economists suggest is due to Trump's trade war and ongoing criticism of the Federal Reserve. The S&P 500 sank 2.4 per cent, the Dow Jones Industrial Average dropped 2.5 per cent and the Nasdaq composite fell 2.6 per cent.

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Tariffs threaten cross-border family business where Canadians collect their U.S. packages

20-04-2025 10:00 via cbc.ca

One red door leads to Canada, the other to the United States, and Canadians have been using the house for decades to make purchases online from U.S. stores that don't ship across the border.

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Hudson's Bay looks to auction off royal charter that launched company 355 years ago

18-04-2025 19:37 via cbc.ca

Hudson's Bay has asked a court to allow it to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts.

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'No options' on tariffs without more time, says company importing from U.S.

18-04-2025 10:00 via cbc.ca

A program announced this week to help some Canadian businesses faced with expensive counter-tariffs might not be enough to entirely spare some manufacturing firms from damage, say observers. And one such company in rural Manitoba is already feeling the bite.

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Canadian airlines revamp offerings as travellers ditch U.S. vacations

18-04-2025 10:00 via cbc.ca

A steep decline in Canadian travel to the U.S. has dealt a blow to airlines that usually cash in on Florida beach vacations and family trips to Disneyland. That’s left airlines scrambling to adjust their summer schedules, trim U.S. flight capacity and add more seats to destinations within Canada and overseas.

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Tax documents missing? A new CRA process is still posing issues as filing deadline approaches

17-04-2025 17:59 via cbc.ca

Documents like T4 slips are still not available digitally in some cases, slowing down the filing process for Canadians and tax professionals alike.

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Google has illegal monopoly in online ad tech, U.S. judge rules

17-04-2025 17:18 via cbc.ca

Alphabet's Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S. government.

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Fast fashion e-commerce sites Temu and Shein say they're raising prices because of tariffs

17-04-2025 15:20 via cbc.ca

Both of the China-founded sites say U.S. customers will see higher prices starting next week, and industry data shows they're pulling back on U.S. advertising, too.

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Monthly credit aggregates, February 2025

17-04-2025 14:30 via statcan.gc.ca

In February, the total credit liabilities of households rose 0.3% (+$10.1 billion) to reach $3,053.0 billion, accelerating from January on an annualized basis (+4.1% in February; +3.3% in January). Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew 0.4% (+$9.5 billion) in February. Household mortgage debt increased 0.4% (+$9.1 billion), following growth of $9.0 billion in the previous month. In February, the policy interest rat

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Canada's international transactions in securities, February 2025

17-04-2025 14:30 via statcan.gc.ca

Canadian investors acquired $27.2 billion of foreign securities in February, led by a record investment in US equity securities, which more than offset the significant divestment in these instruments in January. Meanwhile, foreign investors reduced their exposure to Canadian securities by $6.5 billion.

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The U.S.-China trade war is escalating. But China may have more leverage than the U.S. thought

17-04-2025 10:00 via cbc.ca

With the U.S. and China escalating their trade war, experts say China believes it can both inflict more damage on the U.S. and tolerate more pain.

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Ontario to remove barriers to internal trade, labour mobility, in response to U.S. tariffs

16-04-2025 18:40 via cbc.ca

Premier Doug Ford says new bill introduced Wednesday will help strengthen the economy of the province and country. Ford also signed MOUs with the premiers of Nova Scotia and New Brunswick to support free trade between the provinces.

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California the 1st state to sue Trump administration over tariffs

16-04-2025 17:14 via cbc.ca

California Gov. Gavin Newsom said Wednesday his state will file a lawsuit challenging U.S. President Donald Trump's authority to impose sweeping tariffs, which have set off a global trade war.

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Bank of Canada holds rates at 2.75%, says trade war could cause a recession

16-04-2025 15:53 via cbc.ca

The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.

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Bank of Canada holds key interest rate at 2.75%, says trade war could cause a recession

16-04-2025 15:53 via cbc.ca

The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.

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Bank of Canada holds interest rate at 2.75%, says trade war could cause a recession

16-04-2025 15:53 via cbc.ca

The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.

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Indigenous peoples economic account, 2022

16-04-2025 14:30 via statcan.gc.ca

Gross domestic income (GDI), also known as income-based gross domestic product, earned by Indigenous people (Indigenous GDI) reached $60.2 billion in 2022, up 9.8% from 2021. This represented 2.3% of total Canadian GDI generated in 2022. Since 2012, Indigenous GDI has increased by 74.7%, outpacing GDI growth in the total economy (+54.0%).

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Trade war starting to show up in higher prices on some grocery items

16-04-2025 10:00 via cbc.ca

Higher prices are showing up on some items that are being counter-tariffed by Canada. But levies were left off many food items from the U.S., which has moderated the overall impact on grocery budgets.

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Tariff turmoil might force this retiree back to work

16-04-2025 10:00 via cbc.ca

Canadians approaching retirement age are among those most vulnerable to market volatility caused by U.S. President Donald Trump's trade war, with one Ottawa grandmother contemplating a return to work to compensate for her recent losses.

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Ottawa announces help for businesses hurt by U.S. tariffs

15-04-2025 17:49 via cbc.ca

Federal Finance Minister François-Philippe Champagne has announced help for Canadian businesses affected by the trade dispute with the U.S., giving them time to adjust their supply chains.

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Honda not considering moving auto production out of Canada: Ford, feds

15-04-2025 15:02 via cbc.ca

A report from a Japanese news outlet that Honda is considering moving some of its production out of Canada to the U.S. is not accurate, Ontario Premier Doug Ford and a spokesperson for federal Minister of Industry Anita Anand said.

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Honda denies reports that it intends to move auto production out of Canada

15-04-2025 15:02 via cbc.ca

A report from a Japanese news outlet that Honda is considering moving some of its production out of Canada to the U.S. is not accurate. Honda said Tuesday its Ontario plant will continuing operating "at full capacity for the foreseeable future."

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Honda considering moving some auto production out of Canada: Japanese report

15-04-2025 15:02 via cbc.ca

A Japanese news outlet is reporting that Honda is considering moving some of its production out of Canada amid the ongoing tariff threats from U.S. President Donald Trump — though automotive experts in Ontario said early Tuesday this may be contingency planning.

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Inflation in Canada cooled slightly to 2.3% in March as gas prices fell

15-04-2025 14:39 via cbc.ca

StatCan said gas prices fell 1.6 per cent year-over-year in March, coming off a hike of 5.1 per cent in February

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Canola farmers feel forgotten amid trade war, ongoing Chinese tariffs

15-04-2025 13:00 via cbc.ca

Western Canadian farmers are questioning why Ottawa would prioritize tariffs for an emerging EV industry in Ontario at the expense of one of the country’s most lucrative agricultural products.

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Surprise, Gen X! History didn't end, your RRSP is tanking and the nihilism isn't fun anymore

15-04-2025 10:00 via cbc.ca

Being of this particular age, with their particular set of life experiences, at this particular moment in history (which didn't end, as it turns out), means the generation once notorious for its cynical and detached attitude has a particular way of experiencing all that's going on.

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22 Apr 2025

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