U.S. sees slight rise in jobless claims
Layoffs ordered by the Department of Government Efficiency not yet reflected in the stats
- By: Matt Ott, The Associated Press
- February 20, 2025 February 20, 2025
- 09:32
Layoffs ordered by the Department of Government Efficiency not yet reflected in the stats
Of 1.2 million mortgages up for renewal in 2025, about 85% were secured at historically low pandemic rates
Inflationary effects of potential tariffs, mass deportations, have reduced rate expectations this year
Assuming cuts to social supports, PBO estimates net cost of program to government could be $5 billion or less
Credit card balances surge, mortgage debt climbs
March rate cut looks unlikely as inflation rose to January 3% from 2.5% the previous month
Respondents cited expenses, debt repayment and insufficient income as barriers to saving
The program launched in 2022 to grow the sustainable finance market
Sales were down 3.3% from December
Foreign investors increase exposure to Canada, domestic investors add to U.S. holdings: StatCan
Without the GST tax break, the annual inflation rate would have accelerated to 2.7%: StatCan
The crypto industry has scored early wins since U.S. President Donald Trump took office
CMHC reported 239,739 starts in January, up from 232,492 in December
Alibaba founder Jack Ma, who drew fire during a recent crackdown on the tech industry, was among those present
Canadians buying fewer discretionary goods, eating out less
Lower rates needed to offset demographic, financial headwinds
Wholesale sales dropped 0.2% to $83.6 billion in December; wholesale sales were down 0.8%
However, in constant dollars, overall manufacturing sales fell 0.8%
Restaurants Canada is calling for the relief to be extended or made permanent
Sales dropped 0.9% on a month-over-month basis: U.S. Commerce Department
One in five say their company will go under in the next quarter if Ottawa doesn't provide support
The tariff increases would be customized for each country with the partial goal of starting new trade negotiations
Jobless rates unchanged in December, remaining low for the year
Economy grew by 0.1% for the quarter and 0.9% overall in 2024