Canada's economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September — the first month-to-month decline since February, Statistics Canada reported on Monday, December 23, 2019.
Quebec's economy is humming, allowing the government to shower Quebecers with more than $850 million in extra spending this fiscal year — mostly on families with children — and pay down billions of dollars of debt.
Canada's unemployment rate nudged down to a near four-decade low last month as the economy added more jobs than analysts expected — dropping an economic figure into a tight electoral race, and warnings from economists that things may not be as rosy as they seem.
A U.S. military expert who famously turned down an invitation from U.S. President Donald Trump to act as his national security adviser says it's more important than ever that Canada "be in the fight" when it comes to its military commitments.
Here lies the paradox: The fundamental objectives of our contemporary economic model — GDP growth and increased jobs — have become the primary policy goal of both government and private sector, but they do not align with the collective aspirations of Canadians at large.
The federal Finance Department has shaved several years of projected deficits from Canada's long-term financial future following better-than-expected economic growth in 2017 — though many more years of deficits remain.
Bank of Canada governor Stephen Poloz takes questions on the economic implications of legalized pot, the central bank's communications strategies, and interest rates.
The Bank of Canada left its benchmark interest rate unchanged on Wednesday, October 26, 2017, following two straight hikes, but suggested future increases are still likely, albeit at a more-gradual pace.