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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs. [32]
The median forecast of 36 foreign exchange analysts in the Dec. 2-4 poll predicted the loonie would edge 0.3% higher to 1.4034 per U.S. dollar, or 71.26 U.S. cents, in three months, compared to ...
Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
Economists expect a Canadian jobs gain of 25,000, while U.S. non-farm payrolls are forecast increasing by 200,000. The Bank of Canada is expected to continue its easing cycle at a policy decision ...
(Reuters) -Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, on Thursday projected higher production in 2025, betting on resilient demand for Canadian crude ...
Strategists are raising their forecasts for the Canadian dollar as commodity prices rise and the domestic economy shows signs of recovery, according to a Reuters poll, with the loonie already ...
The events "sent shockwaves" through Canadian politics, leading to calls for Trudeau to resign. [2] On 6 January 2025, Prime Minister Justin Trudeau announced his pending resignation as leader of the Liberal Party and as the prime minister of Canada. [3] He also asked Governor General Mary Simon to prorogue Parliament until March. [4] [5]
The Canadian dollar is set to remain at depressed levels over the coming months, with analysts in a Reuters poll slashing their forecasts for the currency as the coronavirus pandemic potentially ...