[ad_1] Canada’s inflation rate unexpectedly held steady in November as higher prices for housing put pressure on consumers, although this was mitigated by lower prices for gasoline and smartphone plans.…
Tag: globe and mail canada news
Auto industry wins concessions on hybrid vehicles under Canada’s zero-emissions regulations
[ad_1] Open this photo in gallery: Environment Minister Steven Guilbeault announces details of Ottawa’s plan to eventually phase out the sale of gas-powered vehicles in Canada, on Dec. 19.Frank Gunn/The…
Ottawa delays launch of innovation funding agency Canada Innovation Corporation
[ad_1] Open this photo in gallery: Chrystia Freeland, Minister of Finance, speaks at a meeting of federal, provincial, and territorial finance ministers in Toronto on Dec. 15, 2023.Nathan Denette/The Canadian…
Canadian wholesale sales, excluding petroleum products, oilseeds and grains, fell 0.5% in October
[ad_1] Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseeds and grain, fell 0.5 per cent to $81.7-billion in October. The agency says sales…
Bank of Canada to release rate announcements 15 minutes earlier starting in 2024
[ad_1] The Bank of Canada will bring forward the timing of its eight annual scheduled rate announcements by 15 minutes starting next month to improve market functioning, it said on…
Canadian manufacturing sales down 2.8% to $71.0-billion in October
[ad_1] Statistics Canada says manufacturing sales fell 2.8 per cent to $71-billion, led by a drop in petroleum and coal product sales as well as lower sales in the machinery…
Canadian miners accused of indirectly supporting Wagner Group in Mali
[ad_1] Open this photo in gallery: B2Gold’s Fekola Mine in Mali.B2Gold/Handout Three Canadian mining companies in Mali are indirectly helping its government finance the cost of Russian mercenaries who have…
Opinion: Is the carbon tax doomed?
[ad_1] The carbon tax is marked by political original sin. And Canada may not have enough forgiveness, understanding or grace to save it. Politicians seeking election and re-election know it’s…
Bank of Canada seen pushing back on rate cut bets as financial conditions loosen
[ad_1] Open this photo in gallery: The Bank of Canada building, in Ottawa, on Dec. 6, 2022.Sean Kilpatrick/The Canadian Press The recent drop in long-term borrowing costs will likely make…