OTTAWA Canada's opposition Conservatives face a potential split a year ahead of national elections after a prominent former cabinet minister quit the party on Thursday to form his own right-leaning faction, focused on limited immigration and promoting free trade.
OTTAWA, Aug 22 Canadian retail trade dipped 0.2
percent in June but May's big jump was revised even higher,
Statistics Canada said on Wednesday in a report that shed no
light on the outlook for whether the Bank of Canada will hike
rates as soon as September.
OTTAWA, Aug 16 Canadian factory sales grew by
1.1 percent in June from May, thanks largely to a rebound in
petroleum and coal products after temporary shutdowns in the
spring, Statistics Canada said on Thursday.
TORONTO/OTTAWA Canadian Muslims traveling to the Hajj pilgrimage face delays coming back due to a diplomatic dispute with Saudi Arabia that is also prompting thousands of students from the kingdom to scramble to sell their assets and return home to meet a month-end deadline.
OTTAWA Canada has created a new Cabinet position to help exporters look beyond the United States and there will be resources for small businesses that want to take advantage of new trade deals, the new minister for export promotion said on Tuesday.
OTTAWA, July 20 Canadian consumers are feeling
little pain from four rate hikes by the Bank of Canada, despite
all warnings to the contrary, with most escaping higher monthly
mortgage costs, others priced out of home buying altogether, and
many enjoying income gains.
TORONTO/OTTAWA, July 12 Having cut interest
rates in 2015 to counter the oil slump, the Bank of Canada is
now looking for a handoff from housing to energy as a source of
growth, hoping higher prices can cushion the impact global trade
tension has on exports and investment.
OTTAWA, July 12 Canadian home prices rose in
June from May, pushing prices just barely above their 2017 peak,
while new home prices were flat again in May, according to
separate reports on Thursday that signaled a housing market
swoon may be stabilizing.
OTTAWA The Bank of Canada raised interest rates on Wednesday as expected and signaled more rate hikes to come, saying that while mounting trade tensions with the United States were a concern, their impact on growth and inflation looked modest so far.
OTTAWA/TORONTO, July 10 A trade row between
Canada and the United States won't be enough to stop the Bank of
Canada from raising rates this week, but bigger storm clouds
over trade could mean it is the last hike for a while, analysts
and financial markets believe.