Tag Archives: Economy

OTTAWA - Statistics Canada says the economy posted its steepest decline on record in the second quarter as the COVID-19 pandemic forced the closure of non-essential businesses and slowed the economy t...

OTTAWA - The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. Statistics ...

OTTAWA - A major global credit rating agency is issuing a new warning about federal debt that it says may become more difficult to tackle once the pandemic passes. Fitch Ratings downgraded Canada...

OTTAWA - The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pan...

WASHINGTON - Canadians believe the COVID-19 crisis has brought their country together, while Americans blame the pandemic for worsening their cultural and political divide, a new international pu...

OTTAWA - Canada's foreign minister was bound for London for private talks with a trusted ally after butting heads with leading figures from Lebanon and China, capping a bubble-bursting, four-country t...

BALTIMORE - The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was ...

EDMONTON - The double blow of collapsing oil prices and the COVID-19 crisis has pushed Alberta into a historic deficit of $24.2 billion - more than triple what the United Conservative g...

OTTAWA - The parliamentary budget office says a one-time payment to people with disabilities this fall will cost the federal treasury $792 million. The majority of that amount will go to about 1.67 mi...

OTTAWA - The second-in-command at the Bank of Canada said Wednesday that any changes to the underpinning of its monetary policy will be judged against how it affects the distribution of inco...