Economy

Government revision shows U.S. economy shrank 0.6% last quarter

The second straight quarter of economic contraction is an informal sign of recession

By Paul Wiseman, The Associated Press |August 25, 2022

2 min read

Biden administration forecasts US$1.03T deficit, down US$400B

The improvement stemmed from the economy moving from recovery to steady growth

By The Associated Press |August 23, 2022

2 min read

Can central banks curb inflation without causing a recession?

CIBC’s chief economist says we’re "not out of the woods yet"

By Maddie Johnson |August 23, 2022

2 min read

Temporary changes to EI made during pandemic are set to expire next month

The expiration comes as the federal government works on modernizing the program

By Nojoud Al Mallees, The Canadian Press |August 23, 2022

2 min read