The Bank of Canada held its key policy rate at 2.75 per cent for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished.
Bank of Canada holds rates steady and says global trade war risk has eased
Canada’s retail sales shrink as tariffs bite, June expected to improve
Food and beverage saw declines, led declines in beer, wine and liquor sales and declining convenience store transations
Canada's retail sales shrank by 1.1 per cent in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
Canada’s steel import duties violate WTO rules, says China
The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order.
Canada eyes Mercosur trade pact to reduce U.S. reliance, minister says
Seeking to diversify trade
Canada's International Trade Minister said on Thursday that there was interest from both sides to advance trade talks with South American bloc Mercosur, as Ottawa seeks new deals in a push to diversify from the U.S.
Canada’s annual inflation rate in June up slightly to 1.9 per cent
Rise in prices led by durable goods, clothing, footwear
Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.
Canada’s trade deficit narrows in March
Exports to U.S. dropped 6.6 per cent, almost compensated by exports to rest of the world
Canada's trade deficit narrowed to C$506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday.
Canadians go to the polls
Trump renews ’51st state’ rhetoric as federal election approaches
Canadians are going to the polls on Monday after an election campaign in which U.S. President Donald Trump's tariffs and musings about annexing Canada became the central issue. Alberta rancher Bob Lowe says the Canadian economy is his top concern.
Bank of Canada holds rates, says tariffs could cause deep recession
The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.
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