Daily News

FP Economy Source: Financialpost March 28, 2022

Canadians feeling pessimistic about economy as confidence falls to lowest in a year

Combination of higher inflation, rising interest rates and uncertainty surrounding the war starting to weigh on consumers Canadian consumer sentiment tumbled to its lowest level in more than a year as Russia’s invasion of Ukraine and surging inflat...

Source: Bankofcanada March 25, 2022

Household differences and why they matter

Deputy Governor Sharon Kozicki talks about why differences in income, wealth and debt across households are important for the economy and what the Bank of Canada wil...

Source: Bankofcanada March 23, 2022

Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022

The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII). The CBNII was es...

FP Economy Source: Financialpost March 18, 2022

Retail sales jump above expectations led by surge in auto sales

Canadian retailers posted stronger-than-expected revenue gains in January, though business waned in February, according to data from the country’s statistics agency. Sales jumped 3.2 per cent in January, led by a pick-up in auto sales but with...

Source: Bankofcanada March 16, 2022

Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank...

FP Economy Source: Financialpost March 16, 2022

Higher oil prices give Chrystia Freeland more room to spend in April budget

The government is set for an even bigger revenue windfall than it projected in December Surging commodity prices are giving Finance Minister Chrystia Freeland breathing room to deliver on spending demands in next month’s budget without pushing Cana...

FP Economy Source: Financialpost March 16, 2022

Inflation surges to 5.7%, adding pressure on Bank of Canada to accelerate rate hikes

Kevin Carmichael: The latest CPI numbers will stoke speculation that the Bank will play catch-up and raise its rate by half a point in April Inflation in February accelerated from a rate that was already way too fast, adding to the pressure on Bank...

FP Economy Source: Financialpost March 11, 2022

Canada's jobless rate plunges to pre-pandemic lows, proving the COVID recession is over

Kevin Carmichael: The case for higher interest rates was strong before these jobs numbers. It is even stronger now Canada’s economy had a February for the ages. Employers created 337,000 jobs in February, recouping the 200,000 positions that...

FP Economy Source: Financialpost March 07, 2022

'Class divide element to this': Support for trucker protests reveal fault lines by age, work status

Groups known to have experienced more isolation or work inflexibility during the pandemic were more likely to respond positively about the demonstrators Canadians have little sympathy for the erstwhile protesters who occupied downtown Ottawa for we...

Source: Bankofcanada March 03, 2022

Getting inflation back to target

Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to raise its policy interest rate. He explains that after two years of extraordinary stimul...