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Inflation continues to outstrip wage growth
OTTAWA — The purchasing power of Canadians waned further last month as wages were outpaced by an annual inflation rate that topped…
Annual inflation rate rises to 5.1 per cent in January
OTTAWA — The annual pace of inflation has topped five per cent for the first time in more than 30 years.
The annual inflation…
Ottawa launches competition for armed military drones
OTTAWA — The federal government has officially launched a competition for the purchase of armed drones after nearly two decades of…
Canada posts $137 million merchandise trade deficit for December
Statistics Canada says the country posted a merchandise trade deficit of $137 million in December to end a run of six consecutive…
Gas prices breaking records as crude oil tops US$90 a barrel
CALGARY — Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel…
Canada lost 200,000 jobs in January
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron…
Cascades Inc. revises outlook amid labour and logistics issues
KINGSEY FALLS, Que. — Cascades Inc. says it expects its fourth-quarter results to fall below its already revised outlook after…
Canada’s economic growth hits pre-pandemic level
OTTAWA — Statistics Canada says real gross domestic product rose 0.6 per cent in November before COVID-19 cases began to surge at…
Teck says coal sales fall below guidance as extreme cold in BC disrupts logistics
Teck Resources Ltd. says its steelmaking coal sales fell below its already downward revised guidance for the fourth quarter as…
IMF cuts world growth forecasts
WASHINGTON (AP) — The International Monetary Fund is downgrading its forecast for the world economy this year, citing the spread…
Annual inflation rate hits 30 year high
OTTAWA — Headline inflation in Canada hit a 30-year high at the end 2021 with warnings from economists that the pace of price…
Stelco Holdings’ steel shipments fell short of guidance
HAMILTON — Stelco Holdings Inc. says its steel shipments in the fourth quarter of last year were below its guidance as it was hurt…