Bank of Canada worried about impact of oil shock on inflation during rate deliberations

The Bank of Canada debated the impact soaring oil prices stemming from the war in Iran could have on inflation ahead of their most recent interest rate decision, with some…

Alberta-Ottawa MOU negotiations miss first deadline as talks continue

The first major deadline under a four-month-old memorandum of understanding on energy development between Alberta and Ottawa has passed without…

Canada needs to hike GST and cut non-defence spending to meet 5% NATO target: report

Canada may have hit the North Atlantic Treaty Organization (NATO) spending target of two per cent of gross domestic product…

Deloitte downgrades Canadian economic forecast due to CUSMA and Iranian war uncertainties

Deloitte Canada has downgraded its growth expectations for Canada in 2026, forecasting gross domestic product (GDP) will rise by 1.2…

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What falling wage growth says about where the U.S. economy is heading

Americans are getting smaller pay raises while tariffs and higher gas prices are threatening to make everything more expensive. Subscribe…

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Warnings about AI and your taxes come from both the CRA and a judge

In the past month, two warnings concerning the use of artificial intelligence (AI) in the world of Canadian personal tax have been issued. The first,…

Whether for curb appeal, reducing grocery costs or pleasure, your garden project needs a realistic budget

There is something about the fresh promise of spring that nudges even practical homeowners to let their imagination wander. A small vegetable patch can become…

BMO to open institute to boost quantum computing and AI capabilities

Bank of Montreal is opening an institute that will focus on boosting its quantum computing and artificial intelligence capabilities, the Toronto-based lender said on Wednesday.…

Shoplifting on the rise as cost of living mounts

Many of Canada’s small businesses are witnessing an increase in crime as the cost of living climbs. Only two per cent of small business owners…

Posthaste: How the U.S. dollar stole the Canadian dollar’s petrocurrency thunder

The Canadian dollar has yielded its petrocurrency status to the United States dollar due to the latest global energy crisis, says one currency analyst. “The…

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