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Finance
Federal Budget 2021: Liberals extend Covid-19 aid
OTTAWA — The first federal budget in more than two years extends Ottawa's COVID-19 "lifeline'' for workers and struggling…
Households expect return to pre-pandemic spending within a year
OTTAWA — The Bank of Canada says Canadian household spending will eclipse earnings in the coming months as vaccinations increase…
Ontario’s long path to budget balance is a problem: experts
TORONTO — Ontario would have to significantly cut spending or hike taxes if it wants to eliminate its deficit earlier than…
Critics say Ontario budget doesn’t meet immediate needs during pandemic
TORONTO — Critics of Ontario's $186-billion spending plan say it fails to meet the immediate needs of residents and small…
Economy adds 259,000 jobs in February
OTTAWA — Statistics Canada says the economy added 259,000 jobs in February, almost wiping out losses sustained over the previous…
Ontario to deliver budget on March 24
TORONTO — Ontario's finance minister says the province will deliver its 2021-2022 budget on March 24.
Peter Bethlenfalvy says…
Annual inflation rose 0.5 per cent in September
OTTAWA — Statistics Canada says September inflation was up 0.5 per cent compared with a year ago.
The reading compared with an…
Global economy will shrink 3 per cent in 2020
WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great…
Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns
OTTAWA — The Bank of Canada is cutting its key interest rate target by half of a percentage point, dropping it to 1.25 per cent in…
Cryptocurrencies need close scrutiny, monitor warns
FRANKFURT—An international financial monitor warned world leaders Tuesday that wider use by retail shoppers of cryptocurrencies…
World shares retreat on fears of global, Chinese slowdown
SINGAPORE—World markets fell Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020 and China…
46% of Canadians $200 or less away from financial insolvency: poll
CALGARY—The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up…