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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


U.S. stimulus boosts global GDP forecast: Fitch

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

Federal Reserve Building

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


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