Economists believe the Bank of Canada could raise interest rates by the end of 2026 following the release of the country’s September inflation figures. According to Statistics Canada, the annual inflation rate climbed to 3.1 per cent, driven by higher oil and gas prices, moving above the Bank of Canada’s target range of 1 to 3 per cent. However, underlying inflation has eased, offering some relief to the central bank. Ongoing trade tensions with the United States and the crisis in the Middle East could put further upward pressure on inflation. According to KPMG Canada, the Bank of Canada i

Canada’s annual inflation rate rose to 3.1 per cent in September, slightly exceeding the Bank of Canada’s upper target limit of 3 per cent. Inflation had remained steady at 3 per cent in August. According to a report released by Statistics Canada on Monday, higher gasoline and diesel prices were the main contributors to the increase in inflation last month. Food prices also rose, although the pace of growth was slower than in the previous month. Statistics Canada reported that grocery prices increased by 1.7 per cent year over year in September, down from 2.8 per cent in August. This marke

Canada has introduced changes to its Express Entry system for permanent residency (PR), giving additional points to candidates with Canadian work experience or job offers in high-wage sectors such as engineering. According to an announcement made by Immigration Minister Lena Metlege Diab on Friday, candidates with Canadian work experience or qualifying high-wage job offers will receive additional points under the updated system. The government will define a high-wage job as one that pays at least 1.3 times the national median wage. Candidates with higher-paying job offers will be eligible for

The market share of U.S.-made vehicles in Canada fell by 20% in the first half of 2026, following Canada's imposition of 25% retaliatory tariffs on American cars and trucks in response to tariffs introduced by Washington. As a result, major automakers, including Volvo, Tesla, Subaru and Mazda, have stopped supplying certain U.S.-built models to Canada or shifted some production to other countries to avoid Canadian tariffs. Vehicles manufactured in Mexico, Japan and South Korea can enter Canada without these tariffs. Meanwhile, Canadian-made vehicles have also suffered from the trade war, with

Prime Minister Mark Carney is continuing to push his pro-Canada campaign in Alberta. He will visit Red Deer today with Premier Danielle Smith before addressing a major rally in Edmonton organized by federalist group Forever Canadian. Speaking at a rally organized by the group in Calgary on Thursday, Carney urged nearly 5,000 people to stand firmly with Canada and vote against separation in the referendum. The Prime Minister stressed that the federal government is working with Alberta and will continue to do so in the future. Carney also warned against external forces, saying the world is alrea

Canada’s Industry Minister Mélanie Joly and the American owner of Stelco are engaged in a war of words over planned job cuts at the company’s Hamilton and Nanticoke plants in Ontario. Joly recently warned the company against laying off nearly 500 workers at the two facilities. In response, Cleveland-Cliffs CEO Lourenco Goncalves accused the minister of bullying and harassment. Goncalves said the Canadian government’s threats were completely unreasonable, adding that the company was not violating any agreements. He defended the planned layoffs, saying they were temporary and driven by bu

Prime Minister Mark Carney urged Albertans to remain part of Canada and vote against separation during a large rally in Calgary on Thursday night. Addressing a crowd of approximately 5,000 people, Carney acknowledged that Albertans’ grievances with Ottawa were legitimate, adding that the federal government was working with the province to address their concerns. Carney warned that voting against Canada could trigger serious consequences, leading to deep divisions, significant uncertainty and the loss of opportunities for years to come. During his passionate speech, the prime minister also re

Former Canadian Deputy Prime Minister Chrystia Freeland has backed the Carney government’s efforts to diversify Canada’s trade partnerships, saying the country must continue doing everything possible to expand trade with other nations in the interest of national security. Speaking during a discussion at the Council on Foreign Relations in New York on Thursday, Freeland said it was extremely dangerous to deepen or maintain close economic ties with a partner that openly threatens to bring Canada under its control. Her remarks came amid U.S. President Donald Trump’s repeated statements abou

Canada’s housing market could face another challenging year, as the Canadian Real Estate Association (CREA) has lowered its forecast for home sales in 2026 for the third consecutive quarter. CREA had previously projected a modest increase in home sales this year. However, amid growing market uncertainty, it now expects 444,530 homes to be sold by the end of 2026, representing a 5.2 per cent decline compared with 2025. According to CREA senior economist Shaun Cathcart, higher fixed mortgage rates have weighed on home sales. Buyers are also expected to remain cautious in the final months of th