Economy

OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.The central bank said Wednesday it now forecasts…

On Energy Efficiency Day 2021, Emissions Reduction Alberta (ERA) announced it has extended the completion date for projects funded through its Energy Savings for Business (ESB) program until March 31, 2023. To further support participation,…

OTTAWA — A new report says the country will need roughly $2 trillion to put the economy on a path to net-zero emissions in 30 years, including government spending on things like skills training and backstops to prod the necessary…

OTTAWA – The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.…

OTTAWA – The governor of the Bank of Canada pressed the case for COVID-19 vaccines to be sent to developing nations as part of a broader push to not only end the pandemic, but aid Canada's economic recovery and ease price pressures on…

OTTAWA – Newly released documents show the Liberals were told earlier this year that the government's bid to lock in low interest rates on federal debt could run into problems unless the Bank of Canada stepped in.The low rates have…

Stantec has been selected by the United States Agency for International Development (USAID) to provide global architect-engineer (A/E) services through a five-year, US$800 million multiple-award task order contract. Services under this…

OTTAWA — Statistics Canada says the consumer price index in August rose 4.1 per cent compared with a year ago, the largest year-over-year inflation increase since March 2003.The jump compared with a gain of 3.7 per cent in July.…

Bank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery.The…

OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery.The central bank held its target for the…