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Tag Archives: Canadian economy

Canada to tell world it’s serious about climate change, says PM

OTTAWA – Canada will tell a green summit next week that it is finally ready to tackle climate change, Prime Minister Justin Trudeau said on Monday after a meeting with the country’s provinces to work out a national strategy. Trudeau’s Liberals won an election last month promising radical change on the environment from the previous Conservative administration, which was widely ...

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Canada inflation rate steady in Oct, energy prices weigh

OTTAWA – Canada’s annual inflation rate held at 1.0 percent in October, remaining at the lower end of the central bank’s target range as it was held down by cheaper energy prices, data from Statistics Canada showed on Friday. The figures were in line with economists’ expectations that inflation would match September’s reading. Prices were higher in seven of the ...

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Drop in Canadian dollar affects Montana retail

KALISPELL, Mont. — Fewer license plates from Canada are showing up in northern Montana as the Canadian dollar continues to weaken and make shopping trips to the U.S. more expensive. As of Aug. 31, the U.S. dollar was worth $1.32 in Canadian currency, the strongest the U.S. dollar has been in at least five years. The Canadian dollar is tied ...

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Hit by cheap oil, Canada’s economy falls into recession

OTTAWA – The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed. Gross domestic product contracted at an annualized 0.5 percent rate in the second quarter, Statistics Canada said on Tuesday. ...

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