Latest News
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A comprehensive snapshot of Canada’s key economic data and developments from this week (August 11–15, 2025):
1. Labor Market – Sign of Weakness 2. Housing Market – Rebound in Sales 3. Trade & Agricultural Sector – Canola Crunch 4. Currency & Market Sentiment Summary Table: Canada’s Economic Landscape This Week Area…
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Canadian home sales rose 3.8% in July as prices remained steady
Canadian home sales rose 3.8 per cent in July for the fourth consecutive month this year, as house prices remained steady across the nation. There were 40,228 sales last month after removing seasonal influences, according to the…
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Live Updates
Updated Fri, Aug 15 20259:34 AM EDT S&P 500 and Dow hit record highs, head for big weekly gain after solid retail sales data: Live updates The S&P 500 and Dow Jones Industrial Average rose to record…
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US: Wholesale prices rose 0.9% in July, much more than expected
https://www.cnbc.com/2025/08/14/ppi-inflation-report-july-2025-.html
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Aug 13: U.S. Crude Oil Inventories Unexpectedly Rise By 3.0 Million Barrels
Crude oil inventories in the U.S. unexpectedly increased by the week ended August 8th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories rose by 3.0…
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Metro’s third-quarter results fall short of the Street’s expectations despite food and pharmacy growth
Metro Inc. reported a third-quarter profit of $323.0-million, up from $296.2-million in the same quarter last year. The grocery and drugstore retailer says its profit amounted to $1.48 per diluted share for the 16-week period…
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Canada’s Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business
Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, the companies said on Wednesday, as the Canadian firm looks to expand its foothold in basic apparel. Gildan, whose brands include…
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Barrick takes $1-billion write down on Mali operations as government dispute drags on
Barrick Mining Corp. ABX-T +2.97%increase is taking a writedown of more than a billion dollars on its Malian operations, as a dispute that shut down its biggest African mine shows few signs of a resolution. Toronto-based Barrick said…
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China imposes 75.8% duty on Canadian canola, prompting industry calls for federal support
Canada’s canola industry is facing steep losses and urging Ottawa to compensate farmers after Beijing announced a 75.8-per-cent preliminary duty on Canadian canola seed. The Tuesday morning announcement comes toward the end of a one-year…