Economists are sounding the alarm, declaring that Canada has slipped into a recession. With consumer spending taking a hit and inflation on the rise, the outlook is concerning. Analysts predict that these persistent economic pressures may spell extended difficulties for Canadian households and businesses alike.
As Canada’s auto sector navigates a shifting landscape with its biggest customer exploring new markets, industry experts are rallying behind an ambitious plan. This strategy focuses on revitalizing domestic production, boosting investments in electric vehicles, and enhancing workforce training to ensure a thriving and sustainable future for the industry.
In a daring leap towards fiscal responsibility, the Financial Post champions the privatization of Canada Post. This transformative shift promises to boost efficiency, lighten the load on taxpayers, and tailor services to meet contemporary needs—ultimately creating a win-win for both the organization and its customers.
In his latest piece, Terence Corcoran examines the absence of a comprehensive book detailing Mark Carney’s vision for Canada’s economic future. He critiques the lack of transparency and analysis surrounding Carney’s ambitious plans and their implications for the nation’s financial landscape.
The OECD warns that the Bank of Canada may have to raise interest rates by up to 1.25% in the event of a full-blown tariff war. This increase aims to combat inflationary pressures stemming from heightened trade tensions, impacting economic stability.
Mexico is considering the implementation of new tariffs on Chinese goods as a strategic move to mitigate potential threats from former President Trump. This response highlights Mexico’s shifting trade dynamics and the ongoing tensions between global economic powers.
Canada and the EU are intensifying efforts to diversify trade relationships amid increasing U.S. threats to economic stability. Both regions aim to strengthen partnerships and reduce reliance on any single market, fostering resilience in global trade dynamics.
