Canada’s real GDP fell 0.3% in August, with Q3 growth estimated at 0.4% annualized. Economists warn of near-recession conditions as the Bank of Canada signals a pause in rate cuts.
Job vacancies in Canada dropped 2.4% in August to 457,400, the lowest since 2017. The job vacancy rate held at 2.6% as unemployment continues to rise.
Bridgewater founder Ray Dalio warns that roughly 60% of Americans are being left behind as AI and automation accelerate inequality. U.S. growth is increasingly concentrated in the top 1%.
The Bank of Canada cut its policy rate to 2.25%, citing weak exports, trade uncertainty, and cooling inflation. Policymakers expect gradual recovery through 2026.
New PWL Capital data shows renters in most Canadian cities — including Toronto — have outperformed homeowners. Ai Financial explains how compounding returns can outgrow real estate.
Fitch warns that fintech growth is reshaping the securities industry. Digital brokers and bank-affiliated firms stand to gain, while traditional domestic players risk losing market share amid AI and digital asset expansion.
Canada’s new federal budget will allocate $75 million for building-trade apprenticeship training and $97 million to speed up foreign credential recognition, as the government tackles skilled-worker shortages.
U.S. tariffs are hitting Canada’s economy, with exports down 26% and manufacturing output shrinking. Job growth has stalled, and foreign investors pulled $22.6 billion from Canadian markets.
A five-month “government impersonation” scheme shows why financial safety begins with choosing the right institution.
Grocery prices in Canada jumped 4% in September, led by a 28% surge in coffee and rising meat costs. Ai Financial reminds investors: inflation erodes cash, but smart investing helps preserve value.