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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.
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.
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.
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 ...
Also called the Great Crash or the Wall Street Crash, leading to the Great Depression. Recession of 1937–1938: 1937 USA: Lasting around a year, this share price fall was triggered by an economic recession within the Great Depression and doubts about the effectiveness of Franklin D. Roosevelt's New Deal policy. Kennedy Slide of 1962: 28 May ...
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...
PSAC strikers outside a CRA office in Surrey, British Columbia. On April 7, the CRA bargaining group voted to enter a legal strike position. [21] On April 12, the national president of PSAC, Chris Aylward, announced that the Treasury Board bargaining unit had voted overwhelmingly in favour of entering into a legal strike position, thus granting the group a 60-day window to initiate a labour ...
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 ...