Canadian producer prices surged in March, driven by a record increase in energy product prices. The escalation of the Iran war also led to significant price hikes for chemicals and energy products.
The Canadian federal government and the province of Alberta are reportedly nearing an agreement to raise carbon prices for industrial emitters within the next two weeks. This deal aims to align provincial emission policies with federal climate objectives despite long-standing political friction. However, a broader…
Read the full storyMark Carney, the former governor of the Bank of England and the Bank of Canada, stated that Canada's close trade ties with the United States have evolved into a strategic weakness. Carney highlighted that rising U.S. tariffs are exerting unprecedented pressure on the long-standing economic partnership between the two…
Canada's Industrial Product Price Index saw a significant uptick in March, fueled primarily by a record-breaking surge in energy product prices. While February retail sales grew by 0.7%, missing forecasts, overall consumer spending showed resilience throughout the first quarter. Market attention is now shifting to the…