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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 ...
The economy of Toronto is the largest contributor to the Canadian economy, at 20% of the national GDP, and an important economic hub of the world. [1] Toronto is a commercial, distribution, financial and industrial centre. It is Canada's banking and stock exchange centre and is the country's primary wholesale and distribution point.
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]
Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks to news media in Ottowa on Nov. 30, 2020. Freeland resigned from Prime Minister Justin Trudeau's government on Dec ...
OTTAWA (Reuters) -Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the wake of U.S. threats to impose tariffs, Prime ...
MLS Canadian aggregate data of all regions, composite of all housing types up to July 2024. In December 2015, the benchmark price of housing in Metro Vancouver increased by 18.9% year over year. [28] In March 2017, the cost of owning a single-family house in the Greater Toronto Area had grown 33% year over year. [29]
"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.