Economy

BoE holds rate, hints at future increase

With the global economy growing strongly, the Bank of England is growing more confident about Britain's near-term prospects

By Pan Pylas, The Associated Press |February 8, 2018

4 min read

NDP parliamentary motion targets stock-option deductions

The federal NDP plans to table a motion today calling on the Trudeau government to make good in the coming budget on its promise to crack down on a controversial tax loophole. The motion is intended to pin the Liberals down on whether they plan to follow through on that promise, which was made in […]

By Lee Berthiaume, The Canadian Press |February 8, 2018

2 min read

Ontario businesses report declining confidence

Business confidence in Canada’s largest province is on the decline. A little more than half of Ontario businesses (54%) report confidence in their organization’s economic outlook, reveals an annual economic report from the Ontario Chamber of Commerce (OCC). That compares to 62% in last year’s report. Further, declining confidence in Ontario’s overall economic outlook has […]

By Staff |February 7, 2018

2 min read

Eurozone growth revised upward, while Brexit risk looms

The European Commission says the recovery across the 19-country eurozone is set to remain fairly buoyant this year. In its latest forecast, the European Union’s executive arm said it expects 2018 growth to be 2.3%, just shy of the 2.4% rate it is predicting for 2017—preliminary figures last week from the EU’s statistics agency showed […]

By Staff, with files from The Associated Press |February 7, 2018

3 min read