Economy

Canada’s trade deficit hits record $4.1 billion while U.S. deficit falls

Statistics Canada says the trade deficit for March increased to a record $4.1 billion as imports also reached a record high. The agency says the result compared with a trade deficit of $2.9 billion in February. Canadian imports climbed 6% to $51.7 billion in March due to the motor vehicles and parts sector as well […]

May 3, 2018

3 min read

Eurozone growth slows in Q1 after extended winter

After posting its highest growth in a decade during 2017, the 19-country eurozone lost some momentum at the start of the new year, largely because of temporary factors such as the “Beast from the East” cold weather phenomenon that gripped much of Europe in late winter. In its first estimate, Eurostat, the European Union’s statistics […]

By The Associated Press |May 2, 2018

3 min read

Economy grew 0.4% in February, boosted by resource sector

Real GDP growth in February was largest monthly increase since 2017

By Staff, with files from The Canadian Press |May 1, 2018

2 min read

Pace of U.S. factory growth slows again in April

U.S. manufacturers say the pace of their expansion continued to slow in April, with many factories saying their output is still growing but is crimped by shortages of workers and skills. The Institute for Supply Management, a trade group of purchasing managers, reported Tuesday that its manufacturing index fell to 57.3% last month from March’s […]

By Staff, with files from The Associated Press |May 1, 2018

2 min read