Canada faces “moderate,” “short-lived” recession in 2023: RBC economists
TORONTO — Canada is headed toward a recession in 2023, but it is likely to be short-lived and not as severe as prior downturns,…
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Canadian economy
Bank of Canada likely to mirror Fed Reserve hike next month
OTTAWA — Economists say the Federal Reserve raising its key interest rate by three-quarters of a point, its largest hike since…
Experts see parallels between 1970s inflation crisis and today
CALGARY — Winnipeg's Barry Prentice was in his 20s when the spiralling inflation of the 1970s followed by double-digit interest…
Higher prices lifted manufacturing sales in March
OTTAWA — Statistics Canada says manufacturing sales rose 2.5 per cent to $70.2 billion in March, helped by higher prices.
The…
Bank of Canada raises key interest rate by 0.5 per cent
OTTAWA — The Bank of Canada is raising its key interest rate by the highest amount in more than 20 years in the face of rising…
Supply chain disruptions seen as key cause of inflation
OTTAWA — Newly released documents show the Finance Department last year warned that the pace of price increases could gain speed,…
Economy grew 0.8 per cent in October, sees gain in November
OTTAWA — Statistics Canada says real gross domestic product increased by 0.8 per cent in October.
Gains for the month were seen…
Annual inflation rate in November held at 4.7 per cent
OTTAWA — The annual pace of inflation held steady in November as the consumer price index rose 4.7 per cent compared with a year…
Economy grew 0.7 per cent in January
OTTAWA — Statistics Canada says the economy grew 0.7 per cent in January.
The increase in real gross domestic product compared…
RBC sees inflationary pressure building
TORONTO — Royal Bank of Canada chief executive David McKay said Tuesday he foresees inflationary pressure building in the economy…