Ontario Falling Behind U.S. Neighbors, Gap Widens
A new Deloitte report highlights Ontario's growing economic disparity compared to neighboring U.S. states, citing global energy volatility and competitive pressures.
Category : Economic Indicators
Ceasefire Won't Lower Grocery Bills: Oil Volatility's Hidden Cost
A recent ceasefire between the U.S. and Iran caused oil prices to drop, but food prices remain high due to market volatility and carbon pricing policies affecting supply chains.
Markets Jump, Oil Falls as Iran Ceasefire Reached
Global financial markets experienced a significant rally, and oil prices declined sharply after the U.S. and Iran agreed to a two-week ceasefire, easing geopolitical tensions and investor fears.
Federal Deficit Could Top $100B by 2035, Economist Warns
A new study forecasts Canada's federal deficit could reach $117 billion by 2035, with military spending commitments creating the most significant fiscal pressure.
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Iran War Fuels Gas and Food Price Hikes in Canada
As the conflict in Iran disrupts global oil supplies, Canadians face surging gas prices nearing $2 per litre, with risks to fertilizer and pharmaceutical shipments threatening further inflation.
Ontario's Economic Lag: Widening Gap with U.S. Neighbors
A new study reveals Ontario's per-person GDP lags behind all eight U.S. Great Lakes states, with a growing prosperity gap threatening job creation and wage growth in the province.
Carney Addresses High Gas Prices, Considers Relief for Canadians
Prime Minister Mark Carney responds to Canadians grappling with gas prices nearing $2 per litre, stating the government is exploring ways to provide assistance amid ongoing economic pressures.
Trump's Tariff War: One Year Later, No Economic Victory
A year after President Trump's sweeping tariffs, analysis shows they've failed to reduce trade deficits or boost manufacturing, while costing billions and straining U.S. finances.
Alberta's Tax Advantage Fades After Klein Era
Alberta's once-heralded tax advantage has significantly eroded over three decades, with rising taxes and increased spending reversing Ralph Klein's small-government legacy.
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Gas Prices Surge in Canada: Tax and Conflict Drive Costs
Canadians face soaring gas prices, with Toronto at $1.87 per litre. High taxes and the Iran war contribute to a 46% increase, sparking calls for tax cuts and government spending reforms.
Canadian Dollar Gains Limited as Services Economy Shrinks
The Canadian dollar posted limited gains as new data revealed a contraction in the services economy, highlighting economic pressures despite slight currency improvements.
NY Tourism and Trade Suffer from Canadian Visitor Decline
A report reveals nearly 3.6 million fewer Canadian travellers visited New York in 2025, with exports to Canada falling $3.8 billion due to tariffs, impacting border towns and jobs.
Canadian Consumer Confidence Hits 11-Month Low
A new poll reveals Canadian consumer confidence has dropped to its lowest level in nearly a year, with only 15% expecting economic improvement in six months, amid ongoing conflict in Iran and the Middle East.
Oil Shock Exposes Global Economy's Debt Vulnerability
The current oil shock reveals unprecedented vulnerability as governments and central banks face record deficits and debt, limiting their ability to cushion economic impacts compared to past crises.
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Canada Services Economy Shrinks Amid War-Induced Delays
Canada's services economy experienced contraction in early 2026, with businesses reporting client hesitancy and postponed projects linked to geopolitical tensions in the Middle East.
Canadian Confidence Hits 11-Month Low as Iran War Continues
Canadian consumer confidence has dropped to its lowest level in nearly a year as the ongoing war in Iran drives up energy prices and fuels inflation concerns, with key economic indicators showing significant declines.
Gas Price Surge Hits Canadians Harder Than Americans
Soaring gas prices driven by Middle East conflict are squeezing consumers across North America, but Canadians face greater financial strain due to higher debt burdens and weaker disposable income growth compared to Americans.
U.S. Job Market Surges with 178,000 New Positions
U.S. employers added a robust 178,000 jobs in March 2026, marking a strong rebound from a weak February and signaling economic resilience amid ongoing challenges.
Deloitte Downgrades B.C. Economic Forecast to 1.2% Growth
Deloitte Canada has revised its economic outlook for British Columbia downward, projecting only 1.2% GDP growth this year due to forestry sector struggles and population decline.
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Windsor's Economy Slowing: New Report Reveals
A recent report indicates Windsor's economy is experiencing a slowdown, with local business leaders expressing concerns about future growth prospects and regional economic challenges.
Canada's Economic Challenges: Housing, GST, and Market Trends
A comprehensive analysis of Canada's economic issues, including the housing crisis, potential GST hikes, downgraded forecasts, diesel shocks, and market volatility, impacting productivity and daily life.
Why Taxpayers Should Fear the 'Buy Canadian' Policy
Economic analysis reveals that 'Buy Canadian' procurement policies could inflate costs by billions, burdening taxpayers and stifling competition, with data showing steep price hikes per job created.
Toronto Government Grocery Stores Defy Economic Principles
Toronto City Council's proposal to open government-run grocery stores faces criticism from economists who argue it will shift costs to taxpayers rather than solve food inflation issues.
Doug Ford's Budget Fuels 44% Debt Rise Since 2018
Ontario Premier Doug Ford's 2026 budget reveals a 44% surge in provincial debt since 2018, with $25.8 billion in new borrowing, raising questions about fiscal promises and corporate welfare.
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Ford's Budget Replicates Wynne's Spending, Ontario Debt Soars 44%
Ontario Premier Doug Ford's 2026 budget borrows $25.8 billion, increasing provincial debt by 44% since 2018, with critics highlighting corporate welfare and rising interest costs.
Canada's Trade Deficit Surges to Six-Month High on Gold Imports
Canada's trade deficit expanded significantly in February, reaching its highest level in six months, primarily due to a surge in gold imports. This development highlights ongoing economic pressures amid global uncertainties.
Windsor Economy to Stall in 2026 Amid Tariff Fears
A new report predicts Windsor's economy will face stagnation in 2026, primarily driven by escalating tariff concerns and global trade uncertainties that threaten local industries and job markets.
Alberta Oil and Agriculture Boost Canada's Economy
Alberta's energy and agricultural sectors are providing stability to Canada's slowing economy, with the province facing the lowest U.S. tariffs and strong growth projections through 2027.
Deloitte: Modest 2026 Growth Amid Iran War, Trade Risks
Deloitte projects modest economic growth for 2026, highlighting persistent uncertainties from the Iran conflict and global trade tensions that continue to linger.
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Deloitte Cuts Canada's 2026 GDP Forecast to 1.2%
Deloitte Canada has revised its 2026 economic growth forecast downward to 1.2% from 1.5%, citing uncertainties from the U.S.-Israel-Iran conflict and the upcoming CUSMA review.
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