Craig Lord The Canadian Press - Page 1

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Inflation jumps to 2.4% in March driven by Iran war oil shock, StatCan says

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OTTAWA — The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada...

Inflation expected to jump in March as Iran oil shock enters price data

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OTTAWA — Statistics Canada will reveal the early impacts of the Iran war's oil price shock on inflation when the agency reports its consumer price...

Economists expect tariffs lifted food prices, core inflation in July

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OTTAWA — Tariff impacts are expected to keep underlying inflation elevated in July, a Desjardins economist says, even if the headline figure retreats. Statistics Canada...

Canadian trade with U.S. picked up in June despite tariffs: StatCan

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OTTAWA — Canadian exporters did more business with the United States in June even as tariffs ramped up, Statistics Canada said Tuesday. The agency said...

Bank of Canada holds key rate at 2.75% but opens door to future cuts

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OTTAWA — Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but...

Inflation rises to 1.9% in June as vehicle price hikes accelerate

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OTTAWA — The annual pace of inflation accelerated to 1.9 per cent in June as consumers were paying more at car dealerships, Statistics Canada said...

Surprisingly strong June jobs numbers quash Bank of Canada rate cut odds

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OTTAWA — The Bank of Canada is increasingly expected to keep its benchmark interest rate on hold later this month after the labour market delivered...

Canadians will see wages pick up as immigration slows, Conference Board argues

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OTTAWA — The Conference Board of Canada expects wage hikes will pick up speed in the coming years as the pace of population growth slows...

Ottawa must pass a law revoking digital service tax before it can issue refunds: CRA

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OTTAWA — Companies that paid the now-defunct digital services tax will have to wait for Ottawa to pass new legislation before they can get their...

Manufacturing sales in April see biggest monthly drop since 2023 amid U.S. tariffs

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OTTAWA — Statistics Canada said Friday that manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff...
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