Browsing: Economy News

Average hourly wages rose 2.0 per cent in August while consumer prices climbed 3.0 per cent. For Canada’s lowest-paid quarter of workers, the gap was wider.

Trump’s Venezuela oil deal targets the U.S. Gulf Coast, which takes only about 10 per cent of Canadian crude exports. The numbers behind the alarm.

The United States began enforcing 50 per cent tariffs on roughly $20 billion in Canadian goods on Aug. 22, five days after Statistics Canada reported annual inflation had climbed to 3.0 per cent, the top of the Bank of Canada’s target range.

Ottawa’s counter-tariffs on $27.6 billion in U.S. goods take effect Sept. 8. The surtax is collected from Canadian importers, but the relief package is application-based.

Wages grew 2.0 per cent in August, the slowest pace since 2017, while inflation ran 3.0 per cent. Canada’s lowest-paid workers lost the most ground.

Clothing and furniture join Canada’s 50 per cent counter-tariff list on Sept. 8, landing hardest on the households whose wages are growing the slowest.

Toronto’s flooded basements are the third 100-year storm since 2013. Sewer backup coverage is optional, Ottawa’s flood program is late, and the city subsidy is $6,650.

Canada lost 42,000 jobs in August while wage growth slowed to 2.0 per cent, the weakest since 2017, leaving the lowest-paid workers furthest behind inflation.

Canada’s Sept. 8 counter-tariffs echo the 2018-19 trade fight — which cost roughly 75,000 downstream manufacturing jobs against about 1,000 gained in steel.

Ottawa’s Sept. 8 counter-tariffs on $27.6B in U.S. goods echo 2025’s round — Bank of Canada pricing data shows what that meant for shoppers.