OTTAWA — Statistics Canada says retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers.However, the agency says […]
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Ottawa unveils steel and aluminum measures to counter U.S. tariffs
Prime Minister Mark Carney on Thursday announced a series of measures to protect the Canadian steel and aluminum industries from the impacts of recently doubled U.S. tariffs, including steep anti-dumping quotas for foreign products […]
Sobeys parent Empire beats profit growth estimates, raises dividend
Grocery retailer Empire Co. Ltd. EMP-A-T +7.76%increase beat analysts’ estimates for profit growth in the fourth quarter, reporting that its store chains such as FreshCo and Sobeys took market share from competitors.The Stellarton, […]
June 18: Oil prices keep climbing in Asian trade as Iran-Israel conflict enters sixth day
Oil prices rose in Asian trade on Wednesday, extending a 4 per cent gain from the previous session on worries that the Iran-Israel conflict could disrupt supplies.Brent crude futures rose 26 cents, or […]
Oil prices rise 3% after Trump threatens Iran’s leader, calls for unconditional surrender
Crude oil futures rose about 3% Tuesday, after President Donald Trump demanded Iran’s unconditional surrender and threatened its Supreme Leader Ayatollah Ali Khamenei.The U.S. crude oil contract for July delivery increased […]
Economic Calendar: June 9 – June 13
Monday June 9China foreign reserves, aggregate yuan financing, new yuan financing, trade surplus, CPI and PPIJapan GDP and bank lending(10 a.m. ET) U.S. wholesale inventories for April.=====Tuesday June 10Japan machine […]
U.S. job growth slows in May as tariff uncertainty continues, unemployment rate steady at 4.2%
U.S. job growth slowed in May amid headwinds from tariff uncertainty, while the unemployment rate held steady at 4.2 per cent, potentially giving the Federal Reserve cover to delay resuming interest rate […]
Canadian unemployment rate rises to 7% in May as economy adds 8,800 jobs
Statistics Canada says the unemployment rate ticked up for the third consecutive month in May as the economy added 8,800 jobs.The national jobless rate rose to 7 per cent last […]
Canada posts April trade deficit of $7.1-billion, the largest on record
Canada’s trade deficit in April widened to an all-time high of a whopping $7.1 billion, data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods […]