Tag Archives: Economy

OTTAWA - The federal government ran a deficit of $120.4 billion during the first three months of its 2020-2021 fiscal year as the treasury pumped out aid to cushion the impact of the COVID-19 pandemic...

OTTAWA - Statistics Canada says the economy posted its steepest decline on record in the second quarter as the COVID-19 pandemic forced the closure of non-essential businesses and slowed the economy t...

OTTAWA - Statistics Canada will report this morning how the national economy fared in the second quarter of 2020, which is widely expected to show the steepest drop on record due to the COVID-19 pande...

OTTAWA - A major global credit rating agency is issuing a new warning about federal debt that it says may become more difficult to tackle once the pandemic passes. Fitch Ratings downgraded Canada...

OTTAWA - The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pan...

WASHINGTON - Canadians believe the COVID-19 crisis has brought their country together, while Americans blame the pandemic for worsening their cultural and political divide, a new international pu...

OTTAWA - Canada's foreign minister was bound for London for private talks with a trusted ally after butting heads with leading figures from Lebanon and China, capping a bubble-bursting, four-country t...

BALTIMORE - The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was ...

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...