Tag Archives: Economy

OTTAWA - Internal Finance Department documents show officials have deep concerns about the effect of Facebook's planned digital currency on Canada's financial stability. Officials wrote in the briefin...

REGINA - New research suggests that while Canadians feel COVID-19 will have negative consequences on mental health and the economy, they feel it will be good for online shopping and public mask-wearin...

OTTAWA - The federal government says it ran a budgetary deficit of $268.2 billion through 10 months of its fiscal year as the treasury pumped out more pandemic aid. The deficit from April to January c...

OTTAWA - The federal auditor general says the government can't show that the Liberals' $188-billion infrastructure plan is meeting its lofty goals, and warns the spending may fall short of expectation...

OTTAWA - The federal auditor general says the government missed chances to flag fraudulent claims for emergency benefits last year, potentially paying money to insolvent companies, and will now have t...

WASHINGTON - Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barrelled toward a recession to British efforts in World War II ...

Quebec needs to make up the economic ground lost during the pandemic before it can balance its books, which will take another six years, Finance Minister Eric Girard said Thursday. Girard tabled his t...

BERLIN - Germany's Cabinet on Wednesday approved 2022 budget plans that will see rules against running up new debt suspended for the third consecutive year as the government seeks to help Europe's big...

WASHINGTON - Orders to U.S. factories for big-ticket manufactured goods slumped 1.1% in February with demand in a key sector that tracks business investment also dropping. Orders had been rising for n...

OTTAWA - The federal Liberals are facing calls from some of the hardest-hit businesses in the pandemic to use the coming budget to extend emergency relief programs beyond June, saying many will still ...