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Shoppers have been caught up in the buy Canadian fervour since U.S. President Donald Trump started threatening 25 per cent tariffs on all Canadian goods, which began on Tuesday.
Two of Canada’s largest banks say interest rates could fall faster and ultimately end up lower than previously predicted, as the consequences of a trade war with the U.S. are set to ripple through the Canadian economy.
The federal government has announced an increase in the federal minimum wage starting April 1, according to a press release.
U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem.
Economists expect little movement in Canada’s inflation numbers, if any, when January data is released this week, though the underlying change in prices will be clouded by a full month of the government’s GST break.
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
Liberal leadership hopeful Mark Carney says – if he were to become prime minister – his government would 'immediately remove' the consumer carbon tax and replace the policy with an incentive program to 'reward Canadians for making green choices.'
Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.
The Bank of Canada’s sixth straight interest rate cut will provide relief to Canadians' finances in various ways, particularly for certain loans, according to financial experts.
New changes to high interest and payday loans in Canada came into effect on Jan. 1 in a move to crack down on “predatory lending” practices.
Recent data suggests that as many as 41 per cent of working Canadians are financially stressed.
Economists expect fresh data this week will reveal inflation slowed further in December, paving the way for the Bank of Canada to continue cutting interest rates.
Inflation is an unavoidable reality, and personal finance contributor Christopher Liew offers some strategies to help you preserve your money’s value and help it grow over time.
Members of the restaurant industry are calling on the federal government to make the GST holiday permanent, even though some businesses have yet to see much impact from the tax break.
Canada Post is raising the price of stamps, starting today. Stamps purchased in a booklet, coil or pane will cost 25 cents more at $1.24 per stamp. The price of a single domestic stamp is now $1.44, up from $1.15.
Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.‘s quarterly report on consumer debt.
