Walmart reported higher profits from increased purchases by wealthier shoppers and improving e-commerce sales
Category: Economy
Posted inEnergy & Environment
Prioritizing climate could cause resource ‘misallocation’: US Fed official
The Federal Reserve should stick to its current mandate and avoid the ‘regulatory distraction of tackling climate risk, says a Fed official
Posted inCommunity
‘Expensive surprises’: Lessons from Calgary’s office conversion strategy
Calgary has been in a leader in office-to-residential conversions. But some of the city’s conversion projects are encountering headwinds
Posted inEconomy
OECD lifts 2024 growth forecasts, driven by US
World economy expected to expand 3.1 per cent this year, up from February’s projection of 2.9 per cent, according to OECD
Posted inPolitics & Policy
Countries around the world reviving their industrial policies
The UN’s intellectual property organization said greater productivity levels could be reached through countries specializing in existing strengths
Posted inPolitics & Policy
Ottawa promises social safety net for all generations in 2024 budget
The 2024 budget promises ‘transformative investments [that] will continue levelling the playing field and lifting up every generation’
Posted inAFP
Canada budget forecasts ‘soft landing’ in 2024, avoiding recession
Most of the new spending was directed to shore up the support of younger voters ahead of an election expected in 2025
Posted inConsumer
Editorial: Why didn’t policymakers waive the ‘stress test’ for borrowers?
Policymakers recently rejected a sensible recommendation to waive the stress test requirement for uninsured mortgage borrowers. It’s not clear why
Posted inConsumer
Canada central bank holds key lending rate at 5%
The only fly in the ointment comes from outside Canada, with hotter-than-anticipated US inflation a concern that pressure could spill over
Posted inEconomy
Canada unemployment rate climbs
The employment rate fell for the sixth month in a row due to a population boom and now stands at 61.4 percent