Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the Organisation for Economic Co-operation and Development (OECD), while Canadian workers clock more hours for less output. Business investment is shrivelling while government expenditure is […]
Federal Reserve bows to bank-crisis fears with quarter-point rate hike, letting up a little in its fight against inflation
The Federal Reserve raised interest rates by a quarter-point on March 22, 2023, bowing to market expectations that it would temper its aggressive program of rate hikes amid a still-brewing banking crisis. The U.S. central bank lifted rates to a range of 4.75% to 5%, its ninth-straight increase since March 2022. As late as early […]
What you need to know about inflation
Inflation is one of the most pressing political and economic issues of the moment, but there are many misconceptions about how inflation is measured, where it comes from and how it impacts the average person. In June, inflation in Canada reached a 40-year high of 8.1 per cent. While there are signs inflation may be […]
6 ways Canadians can prepare for the upcoming recession
Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise. Given the lack of a precise definition, there is not […]