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Economy, Law & Politics

Canada is losing ground and falling behind U.S. on trade with Africa, senators say

Canada is losing ground and falling behind U.S. on trade with Africa, senators say

OTTAWA — Senators are warning Trade Minister Mary Ng that Ottawa may be falling behind its peers in establishing deeper trade ties with Africa. "We're not in some of the geographies we need to be," Ontario Sen.
S&P/TSX composite down nearly 400 points, U.S. stock markets also lower

S&P/TSX composite down nearly 400 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down nearly 400 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell a day after the U.S.
Supply-chain turbulence is here to stay, so what is Canada doing about it?

Supply-chain turbulence is here to stay, so what is Canada doing about it?

OTTAWA — Finance Minister Chrystia Freeland has lots of reasons to be losing sleep. Soaring living costs have Canadians lined up at food banks. The federal Liberals are anticipating a possible recession.
Fed raises key rate by half-point and signals more to come

Fed raises key rate by half-point and signals more to come

WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come.
BOC governor Tiff Macklem defends recent interest-rate hike

BOC governor Tiff Macklem defends recent interest-rate hike

Macklem spoke today at the Fairmont Hotel Vancouver
Vancouver economy set for 2023 slowdown as labour strains, interest rates take toll

Vancouver economy set for 2023 slowdown as labour strains, interest rates take toll

Think tank expects real GDP to expand 2.2% next year – down from 2.8% growth in 2022
Budget officer projects considerably slower economy, declining federal deficit

Budget officer projects considerably slower economy, declining federal deficit

OTTAWA — The parliamentary budget officer is projecting the economy will slow considerably in the second half of 2022 and remain weak next year as the Bank of Canada continues to raise interest rates.
Small businesses bullish on future growth despite recession concerns: KPMG survey

Small businesses bullish on future growth despite recession concerns: KPMG survey

TORONTO — A new KPMG survey has found Canada’s small and medium-sized businesses are banking on strong growth in the next three years, even as a possible economic downturn remains top of mind in the near term.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,206.28, down 10.40 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 35 cents, or 0.48 per cent, to $72.51 on 9.
Fed voiced determination at last meeting to curb inflation

Fed voiced determination at last meeting to curb inflation

WASHINGTON (AP) — Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for
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