Oil Prices Soar Past $100, Driving Up Ottawa Living Costs
Economists warn Ottawans to prepare for higher gas and grocery bills as crude oil prices surge past $100 per barrel due to Middle East conflicts disrupting global supply chains.
Category : Economic Indicators
IMF Warns of Economic Fallout from Middle East Conflict
IMF Managing Director Kristalina Georgieva urges policymakers to prepare for 'unthinkable' scenarios as prolonged Middle East hostilities threaten markets, growth, and inflation globally.
Stagflationary Forces Build Amid Labor Weakness, Oil Surge
The global economy faces mounting stagflationary pressures as weakening U.S. labor market data coincides with surging oil prices above $100 per barrel, driven by Middle East conflict and supply chain disruptions.
Rising Oil Prices: Economic Risks for Canada
Oil prices surge past $100 per barrel due to Middle East tensions, sparking concerns about inflation and economic growth in Canada despite potential benefits for oil-producing provinces.
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Oil Price Surge Could Push Food Inflation to 8% in Canada
As oil prices exceed $90 per barrel, experts warn of a looming spike in grocery bills. Historical data shows oil shocks consistently lead to higher food prices within 6-9 months, potentially pushing inflation to 8% this year.
IMF Chief: Prepare for 'Unthinkable' Amid Iran War
IMF Managing Director Kristalina Georgieva warns that the Iran conflict could spike oil prices and inflation, urging policymakers globally to plan for worst-case scenarios.
Canadians Underestimate CUSMA Termination Economic Risks
A recent Abacus Data poll shows only 45% of Canadians believe ending CUSMA would harm Canada, revealing widespread misunderstanding of significant market and trade vulnerabilities.
Government Job Boom Fuels Debt and Productivity Decline
Canada's public sector workforce has expanded by 21.9% since 2019, outpacing population growth. This debt-financed expansion is linked to falling productivity and a decline in self-employment, raising economic concerns.
Canada's Slowing Population Growth Signals Economic Shift
As Canada's population growth decelerates, economists warn of profound economic implications including labor shortages, housing market adjustments, and slower GDP expansion.
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Saskatchewan Urged to Cut Record Spending in Budget
Analysts argue the Moe government should reduce its record-high spending and align budgets with stable revenue sources rather than volatile resource income.
Wealth Has Causes, Poverty Does Not: Adam Smith's Legacy
On the 250th anniversary of Adam Smith's Wealth of Nations, economist Donald Boudreaux explores how Smith's insights on free markets and access to goods transformed economic thinking and created prosperity.
Adam Smith's Free Markets: From Tyranny to Liberty
On the 250th anniversary of 'The Wealth of Nations,' Janet Bufton explores how Adam Smith's vision of free markets rescued humanity from conflict and dependency, establishing order and individual freedom.
U.S. Loses 92,000 Jobs, Unemployment Rate Rises to 4.4%
February's unexpected job losses and rising unemployment rate challenge assumptions about labor market stability, with declines across construction, leisure, and healthcare sectors.
Middle East Conflict Drives Up Toronto Gas Prices, Reducing Affordability
Gas prices in Toronto are climbing due to the Middle East conflict, making fuel increasingly unaffordable for residents. Experts warn of continued economic pressure as global tensions impact local costs.
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U.S. Job Market Stumbles: 92,000 Jobs Lost
In a surprising economic shift, U.S. employers eliminated 92,000 jobs last month, pushing the unemployment rate up to 4.4%. This unexpected contraction signals potential headwinds for the labor market.
Alcohol Sales Decline Hits Government Revenue as Canadians Go Sober
New Statistics Canada data reveals a sharp 20-year drop in alcohol tax revenue as Canadians embrace mocktails and sober lifestyles, with beer and wine sales falling while canned cocktails rise.
U.S. Job Losses Hit 92,000, Unemployment Rate Climbs to 4.4%
American employers unexpectedly cut 92,000 jobs in February, with the unemployment rate rising to 4.4%, indicating ongoing labor market strain amid economic challenges.
Quebec Budget March 18: Girard's Historic Eighth Presentation
Finance Minister Eric Girard will table Quebec's annual budget on March 18, marking his eighth budget and a historic milestone. The budget aims for sobriety and targeted spending ahead of a leadership change.
Economist: Edmonton PST Could Boost Alberta's Economy
An economics professor argues that implementing a provincial sales tax in Alberta, specifically in Edmonton, could stimulate economic growth and provide stable revenue for public services.
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TSX Drops 400+ Points, Oil Approaches US$80
Canada's main stock index fell sharply, losing more than 400 points, while oil prices climbed close to US$80 a barrel amid global economic tensions.
IMF Warns Middle East War Tests Global Economy, More Shocks
IMF Managing Director Kristalina Georgieva warns the Middle East conflict threatens global economic stability, with potential impacts on energy prices, growth, and inflation. She emphasizes preparing for unpredictable shocks.
Canada's Economy Trails U.S. in Business Investment
Canada's GDP growth continues to underperform the United States for the third consecutive year, with business investment showing alarming weakness despite government spending increases.
K-Shaped Economy: Labour Loses as Capital Gains Dominate
Economic analyst Charles St-Arnaud examines the K-shaped economy where labour income stagnates while capital profits soar, with AI potentially accelerating this divergence in both U.S. and Canadian contexts.
Economists Warn of Economic Fallout from Iran War
Leading economists express concerns about inflation, oil prices, and stock market stability as the U.S.-Israeli conflict with Iran continues, highlighting multiple economic stressors.
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Clark Slams B.C. Deficit, Urges Economic Powerhouse Vision
Former British Columbia Premier Christy Clark argues that the province's massive deficit threatens its economic potential, contrasting current policies with her administration's fiscal discipline and growth initiatives.
B.C. Budget Details Economic Expansion and Trade Diversification
British Columbia's 2026/27 budget introduces measures to diversify trade, increase revenues, and support entrepreneurship amid global challenges, with significant investments in housing and infrastructure.
Canada Services PMI Shows Fourth Month of Contraction in February
Canada's services economy contracted for a fourth consecutive month in February, with activity and new business declining due to trade uncertainties, according to S&P Global's PMI data.
Iran Conflict and Carbon Tax Hike Threaten Grocery Bills
Geopolitical tensions in the Strait of Hormuz combined with Canada's scheduled carbon price increase could add 0.4 to 0.7 percentage points to food inflation, costing households up to $200 more annually.
Iran War and Tariffs Push Up Gas Prices, Household Expenses
President Trump's military campaign against Iran and new global tariffs are causing gas prices to surge, with analysts predicting further increases in household expenses for American consumers.
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Iran War Fuels U.S. Gas Price Hike, Inflation Woes for Trump
U.S.-Israeli strikes on Iran and Tehran's retaliation are triggering a surge in American gas prices, with economists warning of inflationary pressures that could impact consumer spending and Federal Reserve policy ahead of midterm elections.
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