Hundreds of federal workers at Natural Resources Canada and other departments received job cut warnings. Government pushes voluntary early retirement to meet 40,000 job reduction target.
Canada added 54K jobs in November, dropping the unemployment rate to 6.5%. Growth focused on part-time and youth employment, setting the stage for the Bank of Canada rate decision.
New report projects Canadian family food spending to rise $994, hitting $17,571 in 2026. Inflation (4%-6%) driven by meat shortages and climate change; trade eases.
New report projects Canadian family food spending to rise $994, hitting $17,571 in 2026. Inflation (4%-6%) driven by meat shortages and climate change; trade eases.
Equifax reports Canada's non-mortgage delinquency rate hit 1.63%, up 14% year-over-year. Total consumer debt is now $2.62T, with stress seen in younger households.
US job cuts reached 1.17M, up 54% from last year. Analysis of AI, tariffs, and restructuring driving the surge, contrasted with weekly jobless claims data.
PBO report: Liberal tax cut (lowest rate to 14%) will negatively impact <1% of Canadians (39,110 filers), increasing their average federal tax by $141-$155.
Following My Account delays, advisors call for the CRA to offer penalty relief for TFSA overcontributions. Excess TFSA taxes assessed hit $166.2M in 2024.
StatCan survey: Despite cost pressures, 66.3% of Canadian firms remain optimistic. 40% are likely to transfer tariff-related price increases to customers next year.
Canada's 2024 government spending rose 3.1% to $1.1T. StatsCan analysis shows social protection and health care accounted for nearly half of the total budget.