As oil and gas prices spike due to Middle East conflict, Quebec consumers face higher grocery costs from increased shipping expenses, while local farmers bear rising production costs without price benefits.
Experts warn that escalating gas prices in Montreal, fueled by the Iran war's impact on oil markets, could soon lead to higher food prices as farming and transportation costs increase.
Escalating fuel costs driven by Middle East tensions are straining Canadian budgets, influencing grocery bills, and reshaping economic forecasts across the nation.
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.
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IMF Managing Director Kristalina Georgieva urges policymakers to prepare for 'unthinkable' scenarios as prolonged Middle East hostilities threaten markets, growth, and inflation globally.
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.
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.
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 Managing Director Kristalina Georgieva warns that the Iran conflict could spike oil prices and inflation, urging policymakers globally to plan for worst-case scenarios.
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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.
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.
As Canada's population growth decelerates, economists warn of profound economic implications including labor shortages, housing market adjustments, and slower GDP expansion.
Analysts argue the Moe government should reduce its record-high spending and align budgets with stable revenue sources rather than volatile resource income.
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.
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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.
February's unexpected job losses and rising unemployment rate challenge assumptions about labor market stability, with declines across construction, leisure, and healthcare sectors.
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.
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.
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.
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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.
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.
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.
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 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.
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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.
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.
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.
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.
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.
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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.
