Latest news in Economic

U.S. consumer spending up 8.2% in May

The increase partly erases the record plunge in March and April

Federal Reserve Building is the headquarter of the Federal Reserve System and 12 Federal Reserve Banks, Washington DC, USA

Fed orders banks to suspend buybacks, dividends until Sept. 30

The largest U.S. banks could collectively lose $700 billion in a worst-case pandemic scenario

Toronto skyline in financial district

Markets taking Canada’s downgrade in stride

Reports from the big banks put Fitch's AA+ rating in context

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U.S. economy shrinks in Q1 by 5%

Worse economic news is likely on the way

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Investors are watching how companies respond to pandemic

Covid-19 has highlighted the importance of social risks

Home For Sale Real Estate Sign in Front of Beautiful New House.

Waiting for the real estate rebound

Investors should expect "a very bumpy road" through 2021

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Fitch downgrades Canada’s AAA rating, says rating outlook is stable

The big banks' credit ratings aren't affected

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Inability to meet financial obligations has secondary effects

For some, the pandemic is resulting in poor mental health and food insecurity

International business network with connected lines, worldwide communication for internet of things, finance, trading, blockchain and web technologies, concept wit businessman using tablet computer (International business network with connected lines,

IMF downgrades outlook for global economy in face of virus

The new forecast calls for the economy to shrink by nearly 5% this year

House bubble

CMHC expects lower demand for housing as economy takes Covid-19 hit

Prices in Vancouver, Edmonton and Calgary will take longer to rebound, forecast predicts

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PBO says CERB extension will cost $17.9 billion

Many will not have jobs to return to as the economy reopens

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Online tool breaks down Covid-19 relief efforts

The new portal from Prosper Canada is updated daily in English and French

  • By: Staff
  • June 23, 2020 June 23, 2020
  • 12:44
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C.D. Howe calls for innovative post-pandemic financing

Report urges government to find ways to unlock more capital

Rural road. the route Transportation damaged.

Recovery will be ‘prolonged and bumpy,’ Macklem warns

Covid-19 is expected to leave some lasting economic damage

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Restoring corporate balance sheets will take time: Fitch

Companies face years of elevated leverage

Man writing on a blackboard

StatsCan uncovers “excess mortality” rates in 3 provinces

There have been elevated death rates in Alberta, B.C. and Quebec since the start of the pandemic

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Retail sales plunged 26.4% in April: StatsCan

Early estimates suggest an increase for May

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Oil demand might not return: Report

Moody's suggests consumption could flag for years post-pandemic

Economic recovery from Covid-19 expected to be ‘slow and gradual’

Some provinces are feeling more pain than others

  • By: Staff
  • June 18, 2020 June 18, 2020
  • 14:32
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Covid-19 presents demographic challenges: StatsCan

Pandemic's effect on immigration represents a key economic threat

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PBO sees federal deficit ballooning to $256 billion

The overall deficit figure is $3.8 billion higher than budget officer Yves Giroux's previous predictions.

Parliament buildings at sunset

CERB extended by eight weeks

Trudeau government passes confidence test with support from New Democrats

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Pandemic hampers infrastructure projects: Fitch

Tougher government requirements could upend the economics of P3 plans

Man refuel his car on gas station

Inflation hit negative territory for second straight month in May

Statistics Canada says the annual inflation rate in May sank to negative 0.4%

Parliament Hill building closeup in Ottawa, Canada

The rich may be richer than the PBO thought

The PBO was asked to look into potential revenues from a wealth tax during the federal election