Economy Archives - Net News Update

Bank of Canada Lowers Policy Rate by 25 Basis Points to 2.75%

Noah Perreault
12 March 2025
0

Bank of Canada Lowers Policy Rate to 2.75% Amid Economic Uncertainty The Bank of Canada has reduced its target for the overnight rate to 2.75%, […]

Canada’s Minimum Wage Set to Rise Soon — But There’s a Caveat

Noah Perreault
6 March 2025
0

Minimum Wage is Rising Across Canada—But Not for Everyone Good news for some minimum-wage workers in Canada—paycheques are about to get a little bigger. A […]

Tariff threats are already causing investment to leave Canada.

Noah Perreault
16 February 2025
0

Tariff Threats Already Driving Investment Away from Canada As U.S. President Donald Trump continues to threaten escalating tariffs, businesses, consumers, and policymakers are scrambling to […]

Alcohol Prices Set to Rise Across Canada

Noah Perreault
16 February 2025
0

Alcohol Prices Set to Rise as Canadian Tax Holiday Ends The cost of many alcoholic beverages in Canada is about to increase as the two-month […]

American Products Likely to See Price Hikes Due to Metal Tariffs

Noah Perreault
12 February 2025
0

US Steel and Aluminum Tariffs Set to Increase Prices on Key Goods The United States is preparing to impose a 25% tariff on all steel […]

Canada Post Cuts Nearly 50 Jobs Due to ‘Critical Financial Situation’

Noah Perreault
7 February 2025
0

Canada Post Lays Off Nearly 50 Managers Amid Financial Crisis Canada Post has laid off nearly 50 management employees as part of a restructuring effort […]

Canada Imposes Retaliatory Tariffs on Longstanding Ally, the U.S

Noah Perreault
2 February 2025
0

Canada Strikes Back with 25% Tariffs on U.S. Imports Amid Rising Trade Tensions Prime Minister Justin Trudeau announced Saturday that Canada will impose 25% tariffs […]

Canadian Economy Shrinks by 0.2% in November

Noah Perreault
1 February 2025
0

Canada’s Economy Shrinks by 0.2% in November, Largest Monthly Decline Since 2023 Canada’s economy contracted by 0.2% in November, exceeding expectations and marking the largest […]

The Indigenous economy contributes $1.55 billion to Thunder Bay.

Noah Perreault
30 January 2025
0

THUNDER BAY – A recent study reveals that Indigenous people and businesses contribute $1.55 billion to Thunder Bay’s economy, a figure its authors hope will […]

Canada to Increase Federal Minimum Wage Soon

Noah Perreault
16 January 2025
0

Canada’s Federal Minimum Wage to Increase Soon The federal minimum wage in Canada is set to rise in less than three months, with adjustments made […]