Jobless rate in Canada reaches 5.9% Last month, Canada’s economy showed the largest monthly job loss since the financial crisis, raising the jobless rate and giving the central bank more reasons to cut the overnight rate in 2020. According to Statistics Canada, the economy lost 71,200...

Bank of Canada deputy points to resilience of the national economy According to the Bank of Canada deputy governor, the national economy is still resilient even in spite of the global uncertainty from the trade war between the United States and China. In his recent speech...

Bank of Canada keeps its key lending rate unchanged once again Canada will say goodbye to this year as the only country walking through trade wars conditions without a single rate cut from the central bank. Today, Governor Stephen Poloz and his team kept the overnight...

Trump believes trade agreement with China might be postponed for a year According to U.S. President Donald Trump, a trade agreement with China might be postponed until after the next presidential election scheduled for November 2020. This announcement weakens hopes for a fast resolution of the...

Canada's economy remains resilient, although there are reasons for the central bank to stay on hold While the national economy does have its flaws, the resiliency will help it remain at the necessary level. According to Statistics Canada, gross domestic...