The Canadian economy surprised to the upside in the first quarter, with gross domestic product (GDP) growing 2.2%. That’s far higher than the 1.5% growth economists had been predicting. There’s a reason for the solid economic growth, though. The big increase was fuelled by a bump in exports as businesses increased their inventory ahead of […]
Tag Archives: Canadian economy
08
May
May
U.S. President Donald Trump has said that his global trade war will introduce a new “golden age” for the U.S. economy, one that includes lower prices, greater wealth, and more jobs. This new economic renaissance will, President Trump has claimed, be a result of his global tariffs. Despite saying his tariffs will bring in $2 […]
10
Apr
Apr
There are more than enough reasons to think the Bank of Canada will be forced to lower its key lending rate, which impacts interest rates, more deeply and quickly than previously thought. The biggest threat to the Canadian economy right now is U.S. President Trump’s barrage of tariffs, which has sent global stock markets reeling. […]
13
Mar
Mar
How Are Stock Markets Doing? Canadian stock market volatility has soared over the last number of weeks amid concerns about President Trump’s on-again off-again tariffs. President Trump threatened 25% tariffs on Canadian goods in February but put them on hold until early March, then changed his mind and announced a reprieve until April 2. Since […]
06
Mar
Mar
What Are Trump’s Trade Tariffs? At 12:01 a.m. on Tuesday, March 4, President Trump kept to his word, enacting sweeping trade tariffs on all goods coming into the U.S. from Canada and Mexico. He has slapped an additional 10% tariff on Chinese imports. The 25% tariff affects nearly all Canadian and Mexican imports. Canadian energy […]
20
Feb
Feb
The TSX had a pretty stellar 2024, advancing 21%. Will the Canadian stock market register gains similar to those in 2025, especially in light of U.S. President Donald Trump’s proposed 25% tariffs on Canadian goods and 10% tariff on oil and gas? Then there are the 25% tariffs on steel and aluminum, which would, according […]
13
Feb
Feb
U.S. President Trump has paused implementing crushing, broad-based 25% tariffs on Canada and Mexico until early March, but that doesn’t mean he is taking a break from implementing any tariffs. On February 10, President Trump announced that he would be implementing a 25% tariff on all steel and aluminum entering the U.S. This is on […]
07
Feb
Feb
In late January, the Bank of Canada cut its key overnight lending rate, which impacts interest rates, by 25 basis points to 3%. This is the fifth straight cut since June 2024 when interest rates stood at 5%. The modest 0.25% interest rate cut was widely expected with Canada’s annual inflation rate falling to 1.8% […]
30
Jan
Jan
All eyes have been on big technology stocks thanks to the emergence of Artificial Intelligence and the need for software that can meet the need for massive amounts of data. Most big technology stocks are expected to do exceptionally well in 2025. In 2024, Nvidia Corporation stock rallied an impressive 171%. At the start of […]
16
Jan
Jan
The Bank of Canada cut its key lending rate, which sets interest rates, five times in 2024, from 5% in May to 3.25% in December. Despite the big drop in interest rates, policymakers had forecast that the central bank could be even more aggressive with its interest rate cuts in 2025. That now seems in […]
