Economics

A new online portal for collecting taxes on goods shipped into Canada is creating headaches ahead of its rollout this week, importers say, with potential ripple effects for consumers.

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns.

Forecasters expect the Bank of Canada to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week.

Canada’s parliamentary budget officer says higher expenditures offset higher revenues, leading to a projection that the deficit exceeded the federal Liberal government’s promise to keep the deficit under $40 billion.

Credit card fees for small and medium-sized businesses are starting to dip lower as a deal reached between the federal government and the two major card companies is set to take effect.

Here are five things you need to know this morning.

The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

Here are five things you need to know this morning.

Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.

Here are five things you need to know this morning.

Economists and experts say the Bank of Canada is more likely to accelerate its easing cycle after September’s inflation figures.

Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $81.9 billion in August.

Here are five things you need to know this morning.

The chances of a half-percentage point interest rate cut by the Bank of Canada became more likely Tuesday after Statistics Canada reported the annual inflation rate fell to 1.6 per cent in September.

Experts say the latest Canadian employment figures from September are unlikely to change the Bank of Canada’s approach to interest rate policy going forward.