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Third-Quarter GDP Revised Upward to 5.2 Percent
Third-Quarter GDP Revised Upward to 5.2 Percent
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Global GDP growth is lowest in decades, says IMF
The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook.
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Premiers call for federal infrastructure funding in final day of meeting
In the final day of their meeting in Winnipeg, Canada's premiers collectively asked the federal government for infrastructure money to keep up with population growth and to keep the economy growing.
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Canada’s inflation is still climbing, but more slowly
Canada's inflation rate slowed to 4.3 per cent in March, largely due to the cost of gas and a slowdown in climbing food prices. But as inflation starts to move toward a more manageable level, other factors are feeding economic uncertainty.
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The Day Ahead: GDP Status Update and Opening Day for Major League Baseball
The Day Ahead: GDP Status Update and Opening Day for Major League Baseball
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GDP Grew Annually At 2.9% In Q4, Despite Recession Fears
The U.S. economy grew at an annual rate of 2.9% in the fourth quarter, slower than the last quarter but above estimates, despite recession concerns.
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Gdp Figures Disappointing But Not Unexpected Jeremy Hunt Says
Jeremy Hunt on the latest GDP figures.
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UK to be first G7 nation to fall into recession and last to get out - economists
UK to be first G7 nation to fall into recession and last to get out - economists
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Dow Posts Biggest Weekly Percentage Gain Since May
The Dow has posted its fourth straight winning week and the biggest weekly percentage gain since May. Adam Johnson, portfolio manager at Adviser Investments, joined Cheddar News to explain what drove gains on Wall Street this week.
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EU urges countries to cut gas use by 15% until next March
The European Union proposed a voluntary target for member states to cut gas use by 15 per cent until March to prepare for potential further gas cuts from Russia. It said a full Russian cut-off during an average winter could reduce...
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Gauging U.S. Economic Momentum With Strong April Jobs Report
The Labor Department reported a big beat on jobs growth for April with 428,000 added versus the expected 380,000. Despite reductions in labor productivity and a weaker Q1 GDP, the job figures promoted some optimism among analysts....
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Holiday Shopping Could Still Break Retail Records Despite Lackluster GDP Report
While the Q3 GDP report showed just 2 percent growth for the U.S. economy, the National Retail Federation said holiday shopping totals could shatter previous records, giving a much-needed boost. Katherine Cullen, senior director of...
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Economy bracing for another COVID winter
Economist Royce Mendes with CIBC says as the weather gets colder, it's going to be critical to see other parts of the economy pick up as businesses that rely on outdoor activities shut down again.
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Slump in GDP points to slower economic recovery, economists say
A drop in Canada’s GDP shows that people didn’t rush out to spend this spring and likely points to a slower-than-expected economic recovery from the COVID-19 pandemic.
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U.S. Economic Data Shows Major Growth in Q1 as Weekly Jobless Claims Tick Lower
Weekly first-time unemployment claims came in at 553,000 this morning, higher than expected, but lower than the prior week's revised number of 556,000. The initial reading on first quarter GDP also came in, showing the U.S. economy grew...
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Initial Weekly Jobless Claims Fall to 684,000, Final Q4 GDP Read Revised Higher to 4.3%
New economic data out this morning showed another 684,000 Americans filed for first-time unemployment claims last week, a major improvement from the week prior and much lower than expected. The government also released revised 4th...
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COVID-19: Mexico president under pressure over slow response
The COVID-19 pandemic in Mexico has led to a devastating decline in the GDP and an increase in the national poverty rate.
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847,000 Americans Filed for First-Time Unemployment Insurance Last Week
First-time weekly unemployment claims fell to 847,000 from 900,000 the previous week. The jobs numbers came in slightly better than expected. Barbara Doran, CEO & Chief Investment Officer at BD8 Capital Partners, joined Wake Up With...
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Canada's economy to be particularly hard hit by COVID-19, says expert
Canada faces several economic disadvantages as it emerges from the pandemic but having the U.S. as its major trading partner could help, says Peter Hall, the chief economist for Export Development Canada.
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China to release GDP figures as small businesses hurt most
World’s second-largest economy has slowed to a standstill because of the coronavirus outbreak, and small businesses are among the worst affected.
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China's GDP shrinks for first time in recorded history
Coronavirus pandemic has brought decades of economic growth in China to a halt.
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Trump wants to hear how allies plan to boost defence spending, NATO envoy says
Trump insists NATO members should commit to spending at least 5% of GDP on defence, but that would require investment at an unprecedented scale.
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Is Canada headed for a recession? Some economists say it’s already here
The Bank of Canada is warning the country could be headed for a recession if U.S. President Donald Trump's trade war is long lasting. CBC’s Farah Nasser breaks down the signs of a recession and why some economists say one is already here.
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Working in Europe: How can social mobility boost the continent's economy?
A new study shows that Europe's progress on social mobility has stalled over the past decade, holding back the continent's combined GDP by an estimated €1.3 trillion.