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Alberta predicting $2.4-billion surplus for petro-powered economy

The province's budget contains a plan for legislated balanced budgets

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Provinces to see limited growth this year but protracted recession unlikely: Report

Conference Board expects oil-producing provinces to post strongest growth

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M&A enjoys a rebound in Q4: Crosbie

Deal-makers have yet to fully adjust to prevailing economic conditions

  • By: Staff
  • February 28, 2023 February 28, 2023
  • 15:01
Canadian industries

Economy posted no growth in Q4, but consumer spending is holding on

The Statscan report showed a grimmer economy than forecasters expected as higher rates took a toll

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Current account deficit higher in 2022: StatsCan

Foreign investor interest in domestic bonds comes as the Bank of Canada is shedding its bond holdings

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U.S. recession now expected to start later than predicted

A third of economists expect a recession to begin in the April-June quarter

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Fed’s rate hikes likely to cause a recession, research says

But Fed board member says current environment differs from past inflationary periods in four ways

Parliament buildings in winter

Ottawa posts $5.5 billion deficit for April to December

Rate hikes push federal debt charges to $25.8 billion for first nine months

increase in inflation

Canada’s inflation rate is expected to fall significantly this year. Here’s why

Pace of increase should get closer to normal: Desjardins chief economist

Diverse and accessible workplace

Payrolls rising, job vacancies flat in December: StatsCan

Both goods and services employment rose, while the decline in unfilled jobs levelled off

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Global trade flows dropped in Q4: OECD

The decline reflected weak demand and decreasing energy prices

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Small business outlook remains tepid as cost concerns rise: CFIB

With interest rates increasing, borrowing costs add to ongoing economic challenges

  • By: Staff
  • February 23, 2023 February 23, 2023
  • 11:44
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Canadian retail sales rose 0.5% to $62.1 billion in December

Preliminary estimates for January suggest consumers continued spending in the new year

Wealth GDP declines

GDP growth slowed in Q4, OECD says

Canada among the strongest in the G7 for growth in 2022

  • By: Staff
  • February 21, 2023 February 21, 2023
  • 13:29
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Canada’s annual inflation rate slowed in January, signalling good news for the BoC

Inflation slowed to 5.9%, down from 6.3% in December

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Excess household savings may help economy avoid harsher downturn: BMO

Top 40% of households put more into their savings

Newspaper headline "Bankruptcy"

Sure insolvencies are up, but they started super low

Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports

Federal Reserve System Fed of USA press conference concept. Microphones TV and radio channels with symbol and flag of US Federal Reserve. 3d illustration

Fed’s Barkin: “Slow progress” on inflation, sees more hikes

Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%

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Households piling up credit card debt: StatsCan

Mortgage debt growth slowed in 2022, credit card debt accelerated

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High gas prices may have curbed downward inflation trend in January: economists

TD, CIBC predicting 6.2% and 6.4% respectively for January Canadian inflation

percentage change

Persistently high inflation makes businesses less competitive: BoC’s Beaudry

Economic “distortions” result when inflation remains above 2% target

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Macklem says economy still overheated and jobs market is too tight

BoC ready to raise rates further if inflation sticks around

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Cautious but steady consumers buoying hopes for U.S. economy

Wage demands could moderate with economy in “middling phase”

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U.S. retail sales jump as Americans defy inflation and rate hikes

January's solid spending will likely raise pressure on the Federal Reserve to hike rates further

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January home sales in Canada hit lowest level since 2009

Compared to a year ago, sales were down 37%