Ottawa | Reuters – Canada’s exports rose in September, largely driven by better wheat volumes and prices, while imports were also up, with both import and export values impacted by the depreciation of the Canadian dollar, Statistics Canada said on Thursday. The country’s trade surplus with the world widened to C$1.14 billion ($827.4 million) in
Canada’s exports rise in September as wheat volumes rebound
Canada inflation creeps higher in April
Central bank under pressure for another interest rate hike
Canada’s annual inflation rate ticked up again in April, official data showed May 18, exceeding analyst expectations and upping the pressure on the central bank to raise interest rates to keep price expectations in check. Headline inflation hit 6.8 per cent in April, just beating analyst forecasts that the annual rate would stay flat at
Canada inflation surges to 31-year high
Inflation left analyst expectations in the rear-view mirror in March
Reuters – Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed April 20, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7 per cent in March, well above analyst expectations of 6.1 per cent
Pandemic border protests strand cattle and car parts
Ottawa | Reuters — Protests in Canada against vaccine mandates have disrupted two key U.S. border crossings, and are snarling hundreds of millions of dollars daily of trade, ranging from cattle to car parts. Demonstrations who at first demanded an end to federal COVID-19 vaccine mandates for cross-border truck drivers began Jan. 28 in the
B.C. floods may tighten market for real Christmas trees
'We're basically shut down until the water recedes'
Ottawa | Reuters — Finding the perfect real Christmas tree will be harder and more expensive this year. Canada, the world’s top exporter of natural Christmas trees, is grappling with a shortage that will likely be exacerbated by historic flooding in British Columbia, where some tree farms are underwater. A phenomenon known as an atmospheric
Bank of Canada plans new tools to assess climate impact on economy
Increases in the frequency and severity of extreme weather events seen in coming years
Reuters – The Bank of Canada will develop new models and data sources to better understand how climate change is impacting Canada’s economy, and will include these findings in its quarterly forecasts to help markets price risks. The central bank, in a release tied to the UN’s COP26 global climate summit, said it will assess
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked
Canada economy grew through September, but way forward ‘clouded’
As the pandemic’s second wave arrives uncertainty abounds
The Canadian economy grew in both August and September, with the August gain slightly above expectations, but a rise in COVID-19 infections, along with targeted restrictions to curb the virus, are expected to put a lid on economic activity into the fall. Canada’s real GDP rose 1.2 per cent in August, ahead of analyst estimates
China’s ban on Canadian canola expands to Viterra
Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month.
Sober start as recreational marijuana becomes legal in Canada
Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, where stores are not yet open. The day was historic for the country as Canadian adults can now legally smoke recreational
Cyber-Savvy Farmer
