Economy

Finance Department reports preliminary deficit of $314B for last fiscal year

The unprecedented figure was caused by an equally unprecedented economic shock

By The Canadian Press |May 28, 2021

2 min read

U.S. consumer spending rose 0.5% in April

That's a pullback from the 4.7% spending surge in March, but the drop was expected

May 28, 2021

4 min read

Global housing prices rise amid pandemic: BIS

Housing markets in advanced economies lead the way, with prices up 27% on average since the financial crisis

By James Langton |May 27, 2021

1 min read

Rising interest rates could dampen stimulus impact: PBO

The PBO estimate that budget deficits over the next five years will be $117.1 billion more than pre-budget forecasts

By The Canadian Press |May 27, 2021

4 min read