Escalating gas and diesel costs across Canada are imposing significant financial burdens on households and businesses, with truckers and consumers expressing deep concern over the economic fallout.
A new ATB Financial report projects Alberta's economy will expand in 2026, defying global economic challenges through strong energy sector performance and diversified growth.
The Ford government's 2026 Ontario budget features a $244.2 billion spending plan with small business tax cuts, expanded HST rebates for homebuyers, and record healthcare investments amid a rising deficit.
Economists warn that rising oil prices due to the Iran conflict are set to increase Canadian inflation to 2.4% and unemployment to 6.7%, posing stagflation risks as the Bank of Canada grapples with interest rate decisions.
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Ontario's latest provincial budget focuses on existing support programs rather than introducing new measures for vulnerable sectors like automotive, steel, agriculture, and forestry. Finance Minister Peter Bethlenfalvy emphasizes economic growth and job c
As Easter approaches, chocolate prices remain elevated due to climate impacts on cocoa, supply chain issues, and rising production costs, experts explain.
Despite recent declines in cocoa prices, consumers should not expect cheaper Easter chocolate this year due to persistent supply chain and production costs.
Ontario Premier Doug Ford's 2026 budget reveals a $13.8 billion deficit, marking a significant departure from his earlier deficit criticisms and continuing a pattern of postponed balanced budgets.
Ontario's 2026 budget introduces a small business tax cut and significant AI funding, while facing challenges from declining LCBO revenue and a nearly doubled deficit.
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Ontario's 2026 budget reveals a near-doubling deficit to $244.2 billion, citing unpredictable economic shocks. The plan outlines significant impacts on public finances and pocketbooks across the province.
Alberta Premier Danielle Smith advises residents to wait until July for potential gas tax relief, citing legal requirements and current economic factors amid high pump prices.
The conflict in Iran is triggering stagflation fears worldwide, with rising inflation and stagnant growth threatening economies from the UK to the US. Energy price surges and supply chain disruptions are hitting households and businesses hard.
The OECD reports the Middle East conflict has revived inflation fears and hampered global economic growth, with U.S. inflation projected at 4.2% in 2026 and reduced growth forecasts.
A Fraser Institute study predicts Canada's carbon tax increase to $170 per tonne by 2030 could reduce average worker income by $1,160, eliminate 50,000 jobs, and shrink the economy by 1.3%, with Alberta hardest hit.
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The OECD reports that escalating conflict in Iran has eliminated projected global economic growth improvements and is driving inflation higher worldwide, impacting markets and policy.
As the conflict in Iran continues, Canadian drivers face a rollercoaster of gas prices. Experts analyze trends and what consumers can expect in the coming months.
A new Fraser Institute study reveals the Industrial Carbon Tax increase will reduce GDP by 1.3%, cost $1,160 per person, and eliminate 50,000 jobs by 2030 compared to current policy.
Government employment in Canada has grown three times faster than private sector jobs since 2020, with public administration positions surging nearly 27%, creating economic strain according to OECD data.
Canadian drivers continue to face elevated fuel costs as global tensions, including the Iran conflict, create volatility at the pump, though recent trends suggest potential relief ahead.
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A new Statistics Canada analysis examines why labor productivity and GDP growth in Canada have consistently trailed the United States since the late 1990s, highlighting structural differences between the two economies.
As federal government spending increases, national economic growth slows. Alberta's lower per capita federal spending keeps its government size within optimal limits, unlike other provinces.
A recent S&P Global survey shows U.S. business activity declining to its lowest level in 11 months during March, driven by geopolitical tensions from the Iran war and rising fuel costs.
Statistics Canada data reveals a continued decrease in cross-border travel, with fewer Canadians returning from the United States, highlighting shifting travel patterns and economic factors.
Business surveys reveal the Iran conflict's devastating impact on global economic momentum and prices, with PMI indexes showing widespread declines and surging inflation indicators across major economies.
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While Canada celebrated record foreign direct investment in 2025, experts warn that nearly half came from mergers and acquisitions rather than new capital creation. Business investment in infrastructure, machinery, and intellectual property has declined s
The national average for a gallon of regular gasoline has surged nearly $1 in three weeks following President Trump's preemptive campaign with Israel against Iran, with experts warning of recessionary impacts and prolonged high prices.
The U.S.-led conflict with Iran has blocked the Strait of Hormuz, causing oil prices to spike 50%. This impacts fuel, fertilizer, and insurance costs, threatening higher grocery bills for Americans.
The Dow Jones Industrial Average skyrocketed by 1,000 points, while oil prices experienced a sharp decline, driven by investor optimism over potential peace negotiations in the Iran conflict.
Despite geopolitical tensions from Trump's Iran conflict, America's energy independence, retail investor base, and dollar's safe-haven status are protecting the economy from severe damage, according to analysis.
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A year into his tenure, Prime Minister Mark Carney's economic pledges remain unmet as Canada faces worsening fiscal health, declining competitiveness, and stalled critical projects.
