Economy

Wholesale sales saw largest monthly increase since November 2021

StatsCan reported sales were up in four of the seven subsectors that it tracks

By The Canadian Press |July 17, 2023

1 min read

CREA downgrades sales forecast as interest rates weigh on buyers

Association says it expects 464,239 properties to trade hands this year, a 6.8% decrease from last year

|July 14, 2023

3 min read

IRS collects $38 million from more than 175 high income tax delinquents

Agency appears to be making a case for sustained funding as it tries to avert budget cuts

By Fatima Hussein, The Associated Press |July 14, 2023

3 min read

As inflation inches closer to 3%, economists warn progress will stall this year

New projections suggest inflation will return to 2% target in mid-2025 – six months longer than the central bank previously forecast

By Nojoud Al Mallees, The Canadian Press |July 14, 2023

3 min read