Economy Archives - Page 2 of 6

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

Noah Perreault
7 February 2025
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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
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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
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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
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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 […]

Canadian Dollar Records Sixth Consecutive Weekly Drop

Noah Perreault
5 January 2025
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The Canadian Dollar Declines for Sixth Straight Week Amid Global and Domestic Challenges The Canadian dollar weakened against its U.S. counterpart on Friday, extending a […]

Key Financial Updates in Canada You Need to Know This Year

Noah Perreault
2 January 2025
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Federal Policy Changes Impacting Canadian Finances in 2025 As the new year begins, several federal policy updates are poised to affect Canadians’ finances. While some […]

Minutes Reveal Bank of Canada’s Rate Cut Was a Narrow Decision

Noah Perreault
25 December 2024
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The Bank of Canada’s decision to cut its policy rate by 50 basis points on December 11 was a closely debated move, with some members […]

Canada’s National Debt Soars to Unprecedented Levels

Noah Perreault
21 December 2024
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Economic Challenges Intensify as Canada’s Deficit Balloons Economic uncertainty continues to weigh heavily on Canada as the Liberal government faces mounting criticism over its fiscal […]

Canadian Dollar Tumbles Amid Diverging Policies of Bank of Canada and Federal Reserve

Noah Perreault
21 December 2024
0

The Loonie’s Slide Highlights Diverging Economic Paths for Canada and the U.S. The Canadian and U.S. economies often move in tandem, but the sharp decline […]