Canadians are putting more of their investment money into exchange-traded funds, according to recent data, even as the U.S.-led trade war rocks global stock markets — and some experts say that rookie retail investors are at higher risk.
Canada's inflation rate eased to 1.7 per cent in April, driven by a drop in prices after the federal government removed the consumer carbon tax, according to Statistics Canada.
Canada's unemployment rate ticked up to 6.9 per cent in April, Statistics Canada said on Friday, matching the highest rate seen in eight years outside of the pandemic.
Hudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain's finances.
The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.
Data released by Statistics Canada on Monday shows that the number of return trips among Canadians travelling by car to the U.S. declined significantly in February, down 23 per cent compared with a year earlier.