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By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
OTTAWA (Reuters) -Canada on Tuesday moved to end labor disputes at the country's two biggest ports, Vancouver and Montreal, citing economic damage and the potential for driving away trading partners.
Canada’s two largest railroads are expected to soon start rolling their trains again after the government intervened to end a shutdown that arose from a labor dispute. After Canadian National ...
The IMF concluded that "Canada runs the highest risk of mortgage defaults among advanced economies" in their June 2023 report comparing 38 countries. [70] Canada's residential housing stock was valued at 3.1 times GDP in 2023 after peaking in 2022. [71] By October 2023, housing sales had slowed (-17% compared to pre-pandemic) while prices ...
Canada to host summit on boosting economy after Trump tariff threat. February 5, 2025 at 11:13 AM. OTTAWA (Reuters) -Canadian business and labor leaders will meet in Toronto this Friday to discuss ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...
Canadian corporate bond issuance has begun to rebound after a lull of 10 months, with companies plotting expansion plans and central banks apparently close to the peak of their current cycle of ...