Daily News

Real Estate Source: Financialpost April 11, 2022

Canada plans to double homebuilding in a decade, but it's going to need luck finding enough workers

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by RBC Mortgages RBC Mortgages C...

FP Economy Source: Financialpost April 08, 2022

Chrystia Freeland finally gets serious with her second budget

Kevin Carmichael: The 2022 budget has a maturity that Team Trudeau's previous financial plans have lacked Paul Martin needed two budgets to become Paul Martin. The late Jim Flaherty’s fiscal update in November 2008 nearly triggered a constit...

FP Economy Source: Financialpost April 07, 2022

Liberals set to spend oil windfall on social and climate programs in today's budget

Finance Minister Chrystia Freeland expected to roll out more than $100 billion in new spending Prime Minister Justin Trudeau is set to deliver a budget that will funnel revenue windfalls from soaring oil prices toward costly new programs, passing u...

FP Economy Source: Financialpost April 05, 2022

Canada's exports hit record high in February, boosted by energy products

Energy exports rose 7.8 per cent to a record high, making up more than two-thirds of the total increase OTTAWA — Canada’s exports rose 2.8 per cent in February to a record high, driven mostly by energy products, while imports climbed 3.9 per cent f...

FP Economy Source: Financialpost March 31, 2022

Canada's economy now 1.2% above pre-pandemic level after nine months of growth

GDP seen up 0.8% in February, 0.2% in January OTTAWA — The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to re...

FP Economy Source: Financialpost March 28, 2022

Canadians feeling pessimistic about economy as confidence falls to lowest in a year

Combination of higher inflation, rising interest rates and uncertainty surrounding the war starting to weigh on consumers Canadian consumer sentiment tumbled to its lowest level in more than a year as Russia’s invasion of Ukraine and surging inflat...

Source: Bankofcanada March 25, 2022

Household differences and why they matter

Deputy Governor Sharon Kozicki talks about why differences in income, wealth and debt across households are important for the economy and what the Bank of Canada wil...

Source: Bankofcanada March 23, 2022

Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022

The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII). The CBNII was es...

FP Economy Source: Financialpost March 18, 2022

Retail sales jump above expectations led by surge in auto sales

Canadian retailers posted stronger-than-expected revenue gains in January, though business waned in February, according to data from the country’s statistics agency. Sales jumped 3.2 per cent in January, led by a pick-up in auto sales but with...

Source: Bankofcanada March 16, 2022

Bank of Canada and Massachusetts Institute of Technology announce joint Central Bank Digital Currency collaboration

The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank...