Canadian economy eked out modest growth in January, with monthly gross domestic product rising slightly as strength in most goods-producing industries offset lingering manufacturing weakness.
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Canada reports modest economic growth in January
FCC raises inflation forecast on surging commodity prices
Canadian consumers may have little if any cushion remaining against future economic shocks, ag lender warns
Farm Credit Canada has raised its 2026 forecast for overall inflation as commodity prices spike due to war in the Middle East.
Canada December retail sales down 0.4 per cent; seen up 1.5 per cent in January
Canadian retail sales decreased by 0.4 per cent in December to $70 billion on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
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.
Alberta potatoes chip in $2.9 billion for Canadian economy
New report verifies what many in industry suspected
Alberta’s potato industry is making a big impact — not just on that province but the entire country. A new report — dubbed a “landmark study” by the Potato Growers of Alberta — revealed the sector drove a total contribution of $2.87 billion to Canada’s economy in 2022. It also notes the nationwide creation of […] Read more
Federal carbon tax rises despite opposition, pandemic
Ottawa not backing away from scheduled increases
Ottawa — The federal government has pushed ahead with an increase to the carbon tax despite continued calls from the agriculture sector for reprieve from the program. The price on carbon rose from $20 per tonne to $30 per tonne effective April 1. The federal Liberal government is standing firm on its commitment to increase […] Read more
Ukrainian lawmakers vote to lift ban on sale of farmland by 2020
Kiev | Reuters — Ukrainian lawmakers voted Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash. The proposal must be voted on a second time to come into force. The ban would be […] Read more
Election 2019: Ag groups want the parties to pay attention
MarketsFarm — Two major national farm organizations want the political parties to pay more attention to agriculture as the federal election continues. However, the Canadian Federation of Agriculture (CFA) and the National Farmers Union (NFU) have somewhat different takes as to what they see as paramount. “It’s really important that we uphold the quality of […] Read more
StatsCan to add marijuana economic impact to GDP data
Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis […] Read more
Agriculture contributed C$111.9 billion to Canada’s GDP in 2016
Winnipeg | CNS – A new report from Agriculture and Agri-Food Canada released Friday has pegged agriculture as contributing C$111.9 billion to Canada’s GDP in 2016, which accounted 6.7 per cent of the country’s total GDP. The annual report entitled An Overview of the Canadian Agriculture and AgriFood System, provides a summary of the economic […] Read more