Economists signal early recession amid US-Canada trade war

Friday, May 23, 2025, 2:21 pm more...

Amid escalating tensions with the United States, economists are warning that Canada might already be slipping into a recession. Citing a contraction in exports, declining labour market activity, and tepid household spending, experts are urging policymakers to address the growing economic headwinds without delay.

nationalpost.com / Canada recession has already begun as trade war rages on, economists say

torontosun.com / Canada recession has already begun as trade war rages on, economists say

permalink / 2 stories from sources in 1 hour ago #economy #trade #usrelations #canada +

March retail sales surge recorded with a modest 0.8% gain

Friday, May 23, 2025, 10:20 am more...

Statistics Canada reported that retail sales in March climbed by 0.8%, buoyed by robust vehicle and parts sales. The figures underscore a steady consumer spending environment amid market jitters, proving that even modest gains can spark optimism in an unpredictable economic climate.

financialpost.com / Retail sales increase puts another Bank of Canada rate cut back on the table

globalnews.ca / Canadian retailers saw a 0.8% boost in March led by vehicle and parts sales

citynews.ca / Statistics Canada reports retail sales up 0.8 per cent in March at $69.8 billion

permalink / 3 stories from sources in 5 hours ago #economy #finance #business +

Western Premiers Unveil Ambitious Economic Corridor Plan

Thursday, May 22, 2025, 9:20 pm more...

Western Canadian premiers have struck a rare moment of consensus, unveiling plans for new economic corridors to better connect provincial resources to international markets. Tired of endless debates, they now appear ready to switch from talk to trade, paving roads to modernize commerce across the nation.

theglobeandmail.com / Western premiers push for trade corridor to help Canadian goods reach Asian markets

globalnews.ca / Western premiers find consensus on developing economic corridors

permalink / 2 stories from sources in 18 hours ago #provincial #economy #bc #albert +

Stellantis postpones Dodge Charger Daytona production amid tariff worries

Thursday, May 22, 2025, 11:22 am more...

Stellantis has delayed the production of its Dodge Charger Daytona R/T for the 2026 model year at its Windsor plant, citing U.S. tariff uncertainties. The postponement leaves consumers and investors juggling mixed messages, as the automaker recalibrates plans in an unpredictable, tariff-riddled economic landscape.

globalnews.ca / Stellantis delays production of one of its vehicles at Windsor, Ont. plant

citynews.ca / Stellantis postponing production of Dodge Charger Daytona R/T for 2026 model year

permalink / 2 stories from sources in 28 hours ago #economy #trade #tariffs #autosector +

G7 finance ministers meet in Banff amid global economic concerns

Wednesday, May 21, 2025, 3:21 pm more...

G7 finance ministers gathered in Banff for a high-stakes, closed-door summit focused on the global economy and the ongoing conflict in Ukraine. Amid candid discussions and cautious optimism, the picturesque mountain setting provided an ironic backdrop to serious deliberations by world leaders intent on steering troubled economic waters.

calgaryherald.com / Varcoe: Weak growth, rising prices make job 'a lot hard harder,' as central bank governors meet in Banff

calgaryherald.com / Calgary police designate three protest zones for next month's G7, expect big influx of activists

ledevoir.com / Bousculé par Trump, le G7 Finances au chevet de l’économie mondiale

cbc.ca / G7 finance ministers to discuss global economy, Ukraine at Banff summit

permalink / 4 stories from sources in 2 days ago #economy #finance #globaltrade #albert +

Shopify powers up with new AI online store tools

Wednesday, May 21, 2025, 10:22 am more...

Shopify has unveiled a suite of AI-driven enhancements for creating and managing online stores and shopping assistants. These product updates, announced amid CEO Tobi Lütke’s emphasis on AI as a “fundamental expectation,” aim to boost merchant productivity and innovate the e-commerce experience.

globalnews.ca / Shopify to lean more on AI with tools to create online stores, shopping assistants

financialpost.com / Shopify doubles down on AI with tools to create stores, shopping assistants

citynews.ca / Shopify doubles down on AI with tools to create online stores, shopping assistants

permalink / 3 stories from sources in 2 days ago #economy #globaltrade #business +

Ontario Budget Reveals Debt Surge and Industry Support Measures

Wednesday, May 21, 2025, 5:20 am more...

Ontario’s provincial budget announcement by the Ford government has sparked contrasting reactions. Official forecasts warn that the province’s net debt could exceed half a trillion dollars by 2027, while local wineries and breweries warmly welcome targeted fiscal measures such as the Ontario Grape Support program designed to bolster the industry amid economic uncertainty.

thestar.com / Doug Ford government earmarks $3B for Indigenous loans a day before hearings on bill to boost mining projects

torontosun.com / OPINION: Ford government failed to keep fiscal powder dry — now Ontarians will pay the price

globalnews.ca / Ontario’s debt to cross half-a-trillion dollars in 2027: Ford government budget

citynews.ca / Ontario wineries, breweries celebrate provincial budget support amid industry uncertainty

permalink / 4 stories from sources in 2 days ago #provincial #economy #budget #ontario +

Federal Ministers Convene at Secretive Economy Retreat

Tuesday, May 20, 2025, 5:21 pm more...

Canadian federal ministers gathered discreetly near Lake Meech in Gatineau Park to iron out plans for economic revitalization. Away from the public eye, high-level discussions focused on policy and fiscal strategy, leaving critics to wonder if this cloistered retreat might finally offer some real answers—or just more opaque political theatre.

ledevoir.com / Les ministres fédéraux réunis au cours d’une retraite, bien à l’abri des regards des médias

lapresse.ca / Cabinet Carney | Les ministres réunis au cours d’une retraite à l’abri des regards des médias

permalink / 2 stories from sources in 2 days ago #politics #federal #economy #finance +

Stats Canada Unveils April Inflation Data Amid Carbon Price Drama

Tuesday, May 20, 2025, 8:21 am more...

Stats Canada’s latest report reveals that Canada’s annual inflation rate hit 1.7% in April, with fresh data spotlighting the initial impacts of scrapping the consumer carbon price. Economists are now busy dissecting the numbers—because even inflation has its quirks!

theglobeandmail.com / Inflation cools in April but signs of pressure building at grocery stores

torontosun.com / LILLEY UNLEASHED: Inflation is down after lowered carbon tax

globalnews.ca / Alberta’s annual inflation rate tumbles in April, lowest west of Atlantic Canada

thestar.com / Majority of Quebecers think province should end carbon pricing, survey says

cp24.com/ / Canada inflation slowed to 1.7% in April following carbon tax cut: StatCan - CP24

citynews.ca / Grocery price increases outpace overall inflation for third straight month: StatCan

permalink / 12 stories from sources in 3 days ago #federal #economy #finance #canada +

Moody’s strips U.S. debt of AAA rating over soaring deficits

Friday, May 16, 2025, 7:20 pm more...

Moody’s has downgraded the U.S. debt from its coveted AAA rating, citing unbridled national deficits and rising borrowing costs. Critics wryly note that fiscal responsibility appears to be on an extended vacation, while investors and policymakers brace for a more turbulent financial future.

ledevoir.com / Moody’s prive la dette américaine de sa cote triple A

globalnews.ca / U.S. loses AAA credit rating due to rising debt, interest costs: Moody’s

permalink / 2 stories from sources in 6 days ago #federal #economy #finance #budget +