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By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
The 12th edition of Canada's Food Price Report 2022 included research by four universities, Dalhousie University, the University of Guelph, the University of Saskatchewan and the University of British Columbia. [15] [16] Predictions include an increase in total food prices between 5% and 7% with the highest increases in dairy products and ...
Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [3] Some farmers feared a labour shortfall and bankruptcy. [4] The pandemic affected consumer behaviours. In the early stages of the pandemic, Canadian grocery stores were the site of large-scale panic buying which led to many empty shelves.
OTTAWA (Reuters) -The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a new U.S. administration that could impose ...
The 0.2 per cent increase was in line with estimates. Early estimates point to stronger growth in February.
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau, who is mulling his future amid a major political crisis, has the full support of his cabinet to stay on, new Finance Minister Dominic ...
The Bank of Canada's monthly CPI measures changes in consumer prices based on the price of a "fixed basket of goods and services" purchased by Canadian consumers, [41] such as made up of goods and services that Canadians typically buy, such as food, housing, transportation, furniture, clothing, recreation, and other items, [42] with the target ...
Economists say such tariffs could strike a blow to Canada's economy. Announcing details of the plan, Canada's minister of finance and intergovernmental affairs said the federal government would ...