Browsing: Economy News

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.

Ottawa’s fuel-tax pause now runs to 2027 at a $5.3B cost. A look at the GST math behind the real pump savings, and what the extension actually adds.

BoC held its rate at 2.25% for a 7th straight time on Sept. 2 — but the real story is Canada’s last wave of ultra-low pandemic mortgages renewing right now.

Canada’s fuel excise tax and its retaliatory tariffs on U.S. goods both take effect September 8 — a costly coincidence nobody has connected yet.