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In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history.
The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned. Canadian dollar slumps as Trudeau’s government teeters on collapse ...
White House press secretary Karoline Leavitt told reporters Friday that Trump fully intends to go ahead with the action and that 25% import tariffs will be implemented on Canada and Mexico on Feb ...
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
The economic statement was eventually released at 4:11 PM EST that same day, and presented in the House of Commons by Government House Leader Karina Gould. The statement showed a deficit of $61.9 billion for 2023–24, exceeding Freeland's target of $40.1 billion or less, and left Trump's tariff threats largely unaddressed.
Since the Great Depression, there have been 14 recessions, which are part of the normal economic cycle. Economists keep waffling on whether or not the U.S. is going to head into one in 2024 after ...
Canada's annual inflation rate hit 8.1% in June, up from 7.7% in May, driven by higher costs at the gas pump and almost everywhere else, Statistics Canada said, but short of forecasts it would ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]