‘People love to travel and that has helped airlines come roaring back to pre-pandemic levels:’ transport association’s director general
Category: Economy
Posted inConsumer
Canada maintains key interest rate at 5%
The Bank of Canada has left the door open to fresh rate hikes, saying it was ‘still concerned about risks’ to the outlook for prices
Posted inEnergy & Environment
‘Climate conscious’ banks lend more to polluters: ECB
Eurozone banks that portray themselves as more conscious about environmental issues lend more than others to polluting industries
Posted inProfessional
Canada unemployment rate rises to 5.8% in November
Unemployment has affected all age groups, but was more pronounced among younger workers aged 15 to 24
Posted inEconomy
Canada GDP declined 1.1% in third quarter
Canada avoided a technical recession. Spending was stable and employee compensation increased 1.3 per cent
Posted inPolitics & Policy
Trudeau, EU leaders talk Ukraine and climate at Canada summit
The leaders discussed Ukraine, Canada’s mineral resources, a Canada-EU Green Alliance and the US’ Inflation Reduction Act
Posted inPolitics & Policy
Panel says Canada dairy policies in line with trade commitments
A dispute settlement panel has found that Canada’s dairy import policies do not breach its commitments under a trade pact
Posted inConsumer
What do stretched borrowers do at mortgage renewal time?
Ottawa’s new Canadian Mortgage Charter does not remove the stress test requirement for the 71 per cent of borrowers who are uninsured
Posted inConsumer
Canada inflation cools to 3.1 per cent in October
Grocery prices remained high but continued to decelerate, with the cost of fresh vegetables contributing most to the slowdown
Posted inConsumer
US Fed expects interest rates to stay high ‘for some time’
Strong recent economic data has increased the likelihood of a so-called “soft landing” whereby the US avoids a recession