Canadian business confidence will take the hardest hit from the rapidly escalating U.S.-China trade war, as Beijing and Washington prepare to exchange tit for tat tariffs at levels not seen since the Great Depression.U.S. President Donald Trump raised levies on US$200 billion of Chinese goods to 25 per cent from 10 per cent on Friday…
Breaking News EmailsGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.SUBSCRIBEMay 3, 2019, 5:16 PM UTCBy Martha C. WhiteNext week is National Small Business Week, but owners aren’t likely to spend it celebrating — they’ll be too busy trying to hire workers or keep the ones they have…
In October, when the Bank of Canada last raised interest rates, Governor Stephen Poloz and his deputies said something new: “Governing Council agrees that the policy interest rate will need to rise to a neutral stance to achieve the inflation target.” As often happens, the Bay Streeters and Wall Streeters who only speak Fed struggled…
The recent slump in real estate sales and prices in Canada has led some to question whether housing remains a good investment. For immigrant families in Canada, the stakes may be particularly high.That’s because new research from Statistics Canada shows that investment in housing by immigrant families has been a major factor in helping them…
Canada’s recent economic rough patch has prompted chatter about the fiscal plans of the federal government, not just the monetary policy of the country’s central bank.Statistics Canada reported Friday that the economy grew just 0.1 per cent in the fourth quarter of 2018. Growth was 1.8 per cent for the year, a decrease from the…
Jeff J Mitchell/Getty US industrial production fell 0.6% in January, compared with expectations for a slight increase. Manufacturing activity showed particular weakness, dragged down by falling motor vehicle output. The sector is expected to continue to decline, economists say, potentially entering a mild recession this year. A measure of factory output unexpectedly fell at the…
A fall in full-time jobs has been offset by a surge in part-time workers, with a total of 21,600 jobs being added to the economy in December, beating economists forecasts.The unemployment rate ticked down 0.1 per cent to 5 per cent from November to December, in seasonally adjusted terms, according to the Australian Bureau of…
CBA senior economist Kristina Clifton agreed the central bank will pay close attention to the employment data.”One of the things that the RBA has been saying is that one of their risks to the outlook comes down to consumer spending and how households are managing,” said Ms Clifton.In an environment of falling dwelling prices and…
On New Year’s Day, David Biggar — a support manager at anti-malware company Emsisoft— moved into a fixer-upper RV with his wife. He’s planning to leave his home in Caldwell, Idaho behind him. Biggar isn’t sure where he and his wife want to grow old together, so they’re going to hit the road and find…