Bank of Canada surveys show persistent pessimism among firms and consumers as the ongoing US trade war deepens uncertainty.

Inflation accelerated in Canada by more than expected as a federal tax holiday at the end of 2024 pushed yearly price comparisons higher, offsetting falling gasoline costs.

Bank of Canada Governor Tiff Macklem issued a firm defense of Jerome Powell after the Federal Reserve chair said the Trump administration was trying to strong-arm the central bank through a grand jury investigation.

Canada’s hiring momentum cooled in December and the number of unemployed people climbed by the most in three years, reinforcing signs of persistent slack in the labor market.

Two longtime directors at the Bank of Canada are retiring as Prime Minister Mark Carney pushes to shrink the public service.

Canada’s merchandise trade balance swung back into deficit as surging imports of computers and electronics outweighed a spike in gold exports to non-US countries.

Canadian retail sales jumped in November after posting a small decline the previous month, suggesting consumption rebounded modestly in the fourth quarter.

Canada’s population fell by 0.2% in the third quarter to stand at 41.6 million, marking the only quarterly decline on record outside the Covid-19 era and a dramatic shift from explosive post-pandemic immigration growth.

Governor Tiff Macklem says the Bank of Canada’s review of its framework next year must assess whether it gives the central bank the best chance of keeping inflation low and stable in a “more shock-prone world.”

Canadian households’ net worth rose at the fastest pace since the start of 2024 as the value of their financial assets jumped by the most on record.

The Bank of Canada held interest rates steady and said while the economy appears more resilient than previously thought, the current level of borrowing costs is still appropriate to mitigate the trade war damage.

The Bank of Canada is likely to hold interest rates steady on Wednesday amid mounting evidence the country’s labor market and economy are stabilizing after the initial tariff shock.

Canada’s budget watchdog is walking back his most charged criticisms of Mark Carney’s fiscal policy, but says the government’s decision to drop its debt-to-GDP guideline is a major shift that warrants more public debate.

Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.

Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.

Canadian firms’ output per hour worked rose in the third quarter, mostly reversing the initial hit to productivity from the trade conflict with the US.

A key measure of Canadian living standards has improved after the country’s statistical agency revised up the size of the economy.

The Canadian economy rebounded sharply from the initial damage of the trade war as imports fell and the country’s growth drivers shifted to housing and government spending.

Foreign direct investment into Canada fell in the third quarter, reaching the lowest level in a year and a half.

Canada will add new tariffs to a list of steel products, including many US-made items, as Prime Minister Mark Carney seeks to protect an industry badly hurt by the trade war and a flood of cheap Chinese metal.