Economy

BoC holds key rate at 1.25%, but hints at hikes to come

Recent developments have reinforced the bank's view that higher rates will be warranted to keep inflation near its target.

By Staff, with files from The Canadian Press |May 30, 2018

3 min read

Liberals’ $4.5B Trans Mountain purchase ‘an investment in Canada’s future’: Morneau

The government purchase comes days before Kinder Morgan's deadline for the project.

By Staff, with files from The Canadian Press |May 29, 2018

5 min read

U.S. consumer confidence rebounds in May

American consumers were feeling a bit more optimistic in May following a slight decline in confidence in April. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 128.0 from a revised 125.6 in April. That follows March’s 127.0 and February’s 130.0, which was the highest reading since November […]

By The Associated Press |May 29, 2018

2 min read

Corporations cautious on Canadian economy: surveys

Canadian corporate directors have a cautious outlook on the Canadian economy in the near term. In a survey commissioned by the Institute of Corporate Directors (ICD), only 34% of survey respondents believe the Canadian economy will improve over the next two to five years. That’s down from 52% in a fall 2017 survey. While uncertainty […]

By Staff |May 28, 2018

3 min read