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Poverty was in retreat pre-Covid, and relief efforts likely prevented its revival

Statistics Canada reported that government supports offset a sharp drop in household income

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Fed’s Powell: Public should understand risks of Bitcoin

There are risks and benefits to digital currencies, the Fed chair said

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U.S. recovery ‘far from complete,’ Powell says

Continued support from the Fed will be required

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Retail sales fell 1.1% in January

But a rebound is expected in February due to eased restrictions

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TD economists bump up GDP forecasts

Vaccines, fiscal stimulus and a stronger start to 2021 underpin a rosier outlook

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IMF recommends Canada review EI in wake of pandemic spending

The global lender praised the country's response efforts in a new report

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Extended job relief to cost Ottawa an extra $5 billion: PBO

The government announced last month it would add 12 weeks of eligibility to the Canada Recovery Benefit

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U.S. stimulus boosts global GDP forecast: Fitch

U.S. fiscal stimulus, vaccine rollout, stronger momentum brightens outlook

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Fed expects to keep its key rate near zero through 2023

The Federal Reserve also upgraded its outlook for growth, inflation

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Annual pace of inflation edges up to 1.1% in February

Gas prices drove the increase

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February U.S. retail sales fall 3% after soaring the month before

Credit and debit card spending fell sharply after the storm in Texas

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New challenge for the Powell Fed: A strengthening economy

A robust recovery later this year could accelerate inflation and send long-term rates surging

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CREA expects record home sales this year as market remains strong

The national average home price in February was a record $678,091

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Moody’s sees a quieter year for credit ratings

Despite slow economic recovery, credit conditions are stable, the agency says

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Economy added jobs in February, wiping out January losses

The economy lost almost 213,000 jobs in January, compared with 259,000 added last month

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Canadians’ mortgage debt increased for second quarter in a row

Household debt as a proportion of income rose in Q4 to 175% from 170.8% in the previous quarter

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Ontario set to deliver budget on March 24

The budget will feature funding measures to "defeat" Covid-19 and ensure all residents are vaccinated

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Quick uptick in consumer spending could speed up job market recovery: BoC deputy

Canadians accumulated an average of $5,800 in extra savings in the last year

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ECB ramps up bond-purchase stimulus

The stimulus is meant to help businesses still struggling with coronavirus restrictions

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BoC holds key interest rate at 0.25%

Inflation likely won't hit its 2% target until 2023, the central bank said

U.S. consumer prices up 0.4% in February

The gain was the biggest in six months

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RBC CEO sees inflationary pressure building as economy bounces back

David McKay predicts central banks will hike rates sometime next year

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Yellen plays down inflation fears, pushes for relief bill

The treasury secretary pointed to low unemployment before the pandemic, which didn't lead to inflation

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Brighter forecasts bring inflation, rate hike worries

Central banks are expected to raise economic outlooks but stay patient on rates

Canadian industries

Canada posts $1.4B trade surplus for January

The country has not had a trade surplus since May 2019