Tag Archives: Economy

EDMONTON - The double blow of collapsing oil prices and the COVID-19 crisis has pushed Alberta into a historic deficit of $24.2 billion - more than triple what the United Conservative g...

OTTAWA - The parliamentary budget office says a one-time payment to people with disabilities this fall will cost the federal treasury $792 million. The majority of that amount will go to about 1.67 mi...

OTTAWA - The second-in-command at the Bank of Canada said Wednesday that any changes to the underpinning of its monetary policy will be judged against how it affects the distribution of inco...

WASHINGTON - Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. And the jump last month was even larger than the 7.7% increase in June...

OTTAWA - Canadians believe that official inflation measures don't reflect the rising costs they face, a senior Bank of Canada official says, with COVID-19 pandemic further widening the gap b...

OTTAWA - A new poll suggests Prime Minister Justin Trudeau would be well placed to fight an election this fall, seen as the leader best able to care for Canadians during the COVID-19 pandemic and to g...

OTTAWA - The Bank of Canada is turning to the public for input on its inflation-rate target that underlies any changes to the central bank's trend-setting interest rate. The bank had already planned o...

OTTAWA - Perrin Beatty was on his way home from the office when his phone rang. It was Chrystia Freeland, who 24 hours earlier had become Canada's finance minister. For the president of the Canadian C...

OTTAWA - Justin Trudeau first met Chrystia Freeland at a 2012 Toronto signing for her award-winning book, Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else. The tome...

LONDON - Britain's government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus pandemic. The Office fo...