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In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
Also known as the Loonie, the Canadian dollar traded above the threshold of 1.43 per U.S. dollar, or 0.70 U.S. cents per Canadian dollar, on Tuesday, its weakest intraday level since the start of ...
"Canada very much so," he added of their supposed abuses on day two. Trump's overall plan is to impose 25% blanket duties on both Canada and Mexico, perhaps as soon as Feb. 1.
Canada's job market continues to perform well along with the US, reaching a 30-year low in the unemployment rate in December 2006, following 14 consecutive years of employment growth. [152] Flags of Canada and the United States. The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per day in ...
An unimpressed Alberta premier, Danielle Smith, one of Trudeau's biggest domestic critics, said the provincial leaders had only learned halfway through their call that the point person on Canada-U ...
Canada's last housing busts happened during the early 1990s recession, when Canada was facing low commodity prices, [20] a large national debt and deficit that was weakening the value of the Canadian dollar, the possibility of Quebec independence, and a recession in Canada's main trading partner, the United States.
Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, [1] [2] surpassing the total economic output of Switzerland and making Chicago's ...
To use more economic lingo, slackflation is when inflation is sticky — but not out of control— and there’s slack in the economy (nothing to do with the messaging app that has an incredible ...