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In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
Canada’s economy has already showed vulnerability coming out of a period of inflation, causing the country’s central bank to cut interest rates much faster than the Federal Reserve. That gap ...
The thesis explains Canadian economic development as a lateral, east–west conception of trade. Innis argued that Canada developed as it did because of the nature of its staple commodities: raw materials, such as fish, fur, lumber, agricultural products and minerals. This trading link cemented Canada's cultural links to Britain.
The bilateral trade relationship between the United States and Canada is one of the world's largest. [1] [2] In the first nine months of 2024, Canadian government data estimated that CA$800 billion (US$550 billion) of goods crossed the Canada–U.S. border. [3]
OTTAWA (Reuters) -Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the wake of U.S. threats to impose tariffs, Prime ...
There are percolating worries over economic growth hitting the brakes, tariffs on Canada, Mexico, and China ratcheting up inflation, a warning about "World War III" to Ukrainian President ...
Canada's job market continues to perform well along with the US, reaching a 30-year low in the unemployment rate in December 2006, following 14 consecutive years of employment growth. [152] Flags of Canada and the United States. The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per day in ...
Canada must have a stable government," former Trudeau foreign policy advisor Roland Paris said in a post on X. When Trump came to power in 2017 he vowed to tear up the trilateral free trade treaty ...