Iran War May Cause Worst Recession in 40 Years
Economists warn a prolonged Iran conflict could push oil to $150, sparking global inflation and a severe economic downturn surpassing any in recent decades.
Category : Economic Indicators
Poll: Americans Still Feel Overpaying Despite Trump Tax Promises
Despite President Trump's pledges of tax relief, a majority of Americans believe they are still paying too much in taxes, according to recent polling data.
Lomborg: Focus on Growth, Not Climate Politics
In a critical analysis, Bjorn Lomborg argues that global institutions like the World Bank and IMF should prioritize economic development and poverty alleviation over climate-focused initiatives that don't address immediate needs of the world's poorest pop
Canada's Wealth Gap Widened in 2025, StatCan Says
New data from Statistics Canada reveals a concerning increase in income inequality across the nation last year, highlighting persistent economic disparities between affluent and low-income households.
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B.C. Task Force to Tackle Price Shocks, Supply Chain Issues
British Columbia establishes a task force to respond to economic disruptions from the Iran war, focusing on price shocks and supply chain stability.
Albertans' Financial Plans Derailed by Global Uncertainty: MNP
A new MNP report reveals 59% of Albertans feel their financial plans are being disrupted by global economic instability, highlighting widespread financial stress in the province.
Maritime Non-Profits Hit Hard by Gas Price Surge
Non-profit organizations across the Maritimes are facing severe financial strain due to escalating gas prices, impacting their ability to deliver essential services and support communities.
Trump DoorDash Event Highlights Fuel Cost Crisis for Gig Workers
President Trump's White House event with a DoorDash driver intended to promote tax cuts instead spotlighted surging gas prices, exacerbated by Middle East tensions, squeezing transportation gig workers nationwide.
RBC: Domestic Travel Boosts Economy but Not Indefinitely
RBC economists report Canadians' shift to domestic travel is boosting the economy with increased spending on dining, accommodation, and rentals, but warn this trend may not last indefinitely.
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Wealth and Income Gaps Grew in 2025: Statistics Canada
New data from Statistics Canada reveals a significant increase in wealth and income inequality across the country in 2025, highlighting persistent economic disparities.
Strait of Hormuz Crisis to Increase Canadian Food Costs
The U.S.-Iran conflict over the Strait of Hormuz is causing global market disruptions that will lead to significant food price increases for Canadians over the coming months, affecting produce, meat, dairy, and staples.
Global Economy Better Equipped to Handle Oil Shocks
The global economy is now in a stronger position to withstand potential oil price shocks, with a higher threshold for entering a recession, according to recent analyses.
High Gas Prices May Force Canadians to Cut Spending
With fuel costs soaring due to Middle East conflict, Canadians face difficult tradeoffs. Analysts suggest reduced consumption could help balance supply and demand, but prices may remain elevated for months or years.
Ireland Delays Carbon Tax, Cuts Fuel Duties Amid Protests
Ireland's government announces fuel cost relief measures, including excise duty cuts and postponing a carbon tax increase, following widespread protests and blockades over rising prices.
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Haitians Face Food Cuts and Rising Fuel Costs in Economic Crisis
In Haiti, citizens are reducing already limited food supplies as fuel price hikes threaten survival, highlighting deepening economic hardships in the Caribbean nation.
Ireland Fuel Protests Cause Widespread Disruption and Shortages
Protests over soaring fuel costs in Ireland have led to major road closures and fuel shortages, with over a third of service stations dry. The government is in talks as blockades continue.
UN: Economic Gap Between Rich and Poor Nations Widening
A new United Nations report highlights a growing global economic divide, with disparities between wealthy and developing nations increasing despite international efforts.
Manitoba Premier Works on Tax-Cut Pledge Amid Business Calls
Manitoba's 2026 budget will eliminate PST on all grocery items starting July 1, fulfilling an NDP pledge. Business groups urge further tax reductions to stimulate economic growth.
Alberta Unemployment Rises Slightly in March, Below National Rate
Alberta's unemployment rate increased marginally in March 2026, yet continues to outperform the national average, reflecting ongoing economic resilience amid broader labor market shifts.
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Pawn Shop Loans Spike Amid High Gas Price Pressure
Pawn shops across the U.S. report increased loan demand as rising fuel costs squeeze household budgets, revealing consumer strain not captured in official statistics.
U.S. Inflation Hits Four-Year High Amid Gas Price Spike
Rising gas prices have triggered the largest monthly inflation increase in the United States in four years, impacting consumers and economic stability.
Windsor's Unemployment Rate Increases in March
Windsor, Ontario, sees a rise in unemployment in March 2026, reflecting broader economic challenges and local labor market adjustments.
U.S. Economic Woes Signal Cold for Canada, Economists Warn
Canadian consumer confidence hits 11-month low as U.S. economic pressures, tariff plans, and Middle East tensions create uncertainty, with economists fearing global slowdown.
Canada Adds 14,000 Jobs, Unemployment Rate Unchanged
Statistics Canada reports the economy gained 14,000 jobs in March, marking the first monthly increase after steep losses earlier in the year, while the unemployment rate remained at 6.7 percent.
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Gas Price Surge Sparks Sharp Inflation Spike, Complicates Fed Policy
Consumer prices surged 3.3% in March, driven by the largest monthly gas price increase in 60 years. The Federal Reserve faces heightened challenges as inflation moves further from its 2% target.
Canada Adds 14,000 Jobs, Unemployment Rate at 6.7%
The Canadian economy added 14,000 jobs in March 2026, keeping the unemployment rate unchanged at 6.7%. This modest growth reflects ongoing labor market stability amid broader economic conditions.
Canada Adds 14,000 Jobs in March, Unemployment Steady
The Canadian economy saw a modest gain of 14,000 jobs in March 2026, with the unemployment rate remaining unchanged. This data reflects ongoing labor market stability amid broader economic discussions.
StatCan March Jobs Data After Labor Market's Rough 2026 Start
Statistics Canada is set to publish March 2026 employment figures, following a turbulent beginning to the year for the Canadian labor market, with implications for economic policy and recovery.
IMF Warns Iran War May Slow Global Economic Growth
The International Monetary Fund cautions that the conflict in Iran is darkening the world economic outlook, regardless of ceasefire stability, potentially hindering global growth.
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Canadians Back Gas Tax Cuts Amid Oil Price Surge, Poll Finds
A new survey reveals that nearly 39% of Canadians want the federal government to cut fuel taxes as the top response to rising gasoline prices, which have surged 48% in 2026 due to global conflicts.
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