Economy

Canada’s trade deficit narrows to $1.9B in April

As a result of rising exports and declining imports, Canada’s merchandise trade deficit with the world narrowed to $1.9 billion in April from $3.9 billion in March, reports StatsCan. The deficit was lower than economists had expected. Canada’s exports rose 1.6% to a record $48.6 billion in April. Imports were down 2.5% to $50.5 billion, […]

By Staff, with files from The Associated Press |June 6, 2018

3 min read

Time to discuss stimulus withdrawal: ECB official

A top European Central Bank official said Wednesday that policymakers will begin discussions next week on withdrawing the bank’s bond-purchase stimulus—suggesting the ECB isn’t overly worried by the recent political upheaval in Italy. “Next week, the governing council will have to assess whether progress so far has been sufficient to warrant an unwinding of our […]

By The Associated Press |June 6, 2018

2 min read

Montreal home prices rise; plus, price outlook for vacation homes

Montreal home prices increased in May, while the city hit a record monthly high in home sales. The average home price in Greater Montreal increased 5% in May to $373,899, reports the Greater Montreal Real Estate Board. Prices were up 6% to $481,544 on the island of Montreal. The median price of single-family homes across […]

By Staff, with files from The Canadian Press |June 6, 2018

4 min read

Causes and effects of Canada’s lower growth

Canada’s growth rate will likely be less than 2% this year, potentially resulting in a slow-moving central bank and a weaker loonie

June 5, 2018

4 min read