Tag Archives: Economy

OTTAWA - The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound....

OTTAWA - The Trudeau Liberals are detailing to parliamentarians a plan that would shift tens of billions in pandemic-related aid, sending more toward a key COVID-19 emergency benefit for workers ...

FRANKFURT - The European Central Bank could soon expand its anti-pandemic stimulus program to more than a trillion euros, giving it more firepower to keep the virus crisis from sliding into a new fina...

CALGARY - John Sanford has been a pawnbroker for 20 years and says he's never seen anything like it. Pawnshops and payday loan lenders have long been harbingers of hard economic times due to...

OTTAWA - Prime Minister Justin Trudeau has rejected Donald Trump's latest proposal to readmit Russia to the G7, stoking old divisions between the American president and the rest of the group. Trump wa...

OTTAWA - The federal government is rushing out $2.2 billion in anticipated infrastructure funding to Canada's cities that municipal leaders say might help with a short-term cash crunch, but does littl...

WASHINGTON - American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. The Institute for Supply Management, an associ...

Ottawa is earmarking millions of dollars for the promotion of holiday travel inside Canada as it seeks to help the tourism industry weather the COVID-19 pandemic. The money announced by Economic Devel...

OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be c...

WASHINGTON - U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Las...