Erik Hertzberg

Foreign direct investment into Canada fell in the third quarter, reaching the lowest level in a year and a half.

The Bank of Canada said the country’s anemic productivity growth is a “systemic” problem, doubling down on its message to governments and businesses to urgently address the issue.

Canada’s budget watchdog is skeptical Prime Minister Mark Carney’s government will fulfill one of its key fiscal pledges.

Canada’s budget watchdog is skeptical Prime Minister Mark Carney’s government will fulfill one of its key fiscal pledges.

Bank of Canada officials discussed delaying a rate cut until they had more details about Prime Minister Mark Carney’s budget and US trade policy.

The Bank of Canada is planning to eliminate hundreds of jobs, about 10% of its workforce, as Prime Minister Mark Carney aims to reduce government expenses.

Canada is set to rack up larger deficits under Mark Carney, who used his first budget as prime minister to inject tens of billions of dollars into defense, housing and major projects intended to help the country increase exports to overseas markets.

Finance Minister Francois Philippe-Champagne says the upcoming Canadian budget will include measures to reduce the size of the federal public service.

The Bank of Canada is likely to cut interest rates to help an economy that’s suffering more damage from US tariffs, even as Prime Minister Mark Carney finalizes plans for a stimulative budget to boost growth.

The Bank of Canada cut interest rates as it sees damage from US tariffs persisting, but signaled borrowing costs are at the right place as long as the economy grows roughly in line with its forecasts.