Economy

Europe’s banks could survive a drastic economic downturn, stress test shows

Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve

By The Associated Press |July 28, 2023

2 min read

Japan’s central bank retains key interest rate, fine tunes bond purchases for more flexibility

Benchmark interest rate stays at minus 0.1%, taking a nimbler approach to keep financial markets stable

By The Associated Press |July 28, 2023

3 min read

StatCan says economy grew 0.3% in May, estimates 1% growth for Q2

Performance was slightly lower than expected, given reduced mining and oil and gas operations

By The Canadian Press |July 28, 2023

3 min read

Federal government posts $1.5B surplus for first two months of fiscal year

Revenues rose by $1.3 billion on higher interest and employment insurance premiums, and greater proceeds from personal income tax

By The Canadian Press |July 28, 2023

1 min read