Keywords: Canada


Canada approves redevelopment of Hope Bay gold mine in the Arctic

The Canadian government has confirmed plans for the redevelopment of the Hope Bay gold mine in the Arctic region of Nunavut, marking a significant step in the expansion of the country’s mining industry in remote northern territories. The project will be led by Agnico Eagle Mines Ltd, one of the......

Bank of Canada says AI is not causing widespread job losses

The Bank of Canada stated that artificial intelligence has not yet caused large-scale job losses in the Canadian labor market, although officials expect the technology to continue transforming workplaces and professional tasks in the coming years. Speaking during a business event in Ottawa, Deputy Governor......

Canada’s Loblaw misses first-quarter revenue forecasts amid cautious consumer spending

Canadian retail giant Loblaw Companies reported weaker-than-expected first-quarter revenue on Wednesday, missing analysts’ forecasts as consumers reduced spending amid growing economic uncertainty. Revenue falls short of expectations The company posted quarterly revenue of C$14.48 billion (approximately......

Bank of Canada expected to hold interest rates at 2.25% as oil shock seen as temporary

The Bank of Canada is widely expected to keep its key interest rate unchanged at 2.25% in its upcoming policy decision, as economists assess the recent rise in oil prices as a short-lived shock unlikely to alter the broader inflation outlook. The expected decision comes amid global economic uncertainty......

Canada retail sales rise in February with continued growth expected in March

Retail sales in Canada recorded a moderate increase in February, reflecting steady consumer activity and offering a positive signal for the country’s economic outlook. According to official data, retail sales rose by 0.7% compared to January, reaching approximately 72 billion Canadian dollars.......

FIFA reopens ticket sales for 2026 World Cup matches

The FIFA will release a new batch of tickets for the 2026 FIFA World Cup on Wednesday, less than 50 days before the tournament begins. The additional tickets cover all 104 matches scheduled between June 11 and July 19, reflecting continued high demand for the expanded competition. Sales are set to open......

Canada’s services sector contracts amid global uncertainty and rising costs

Canada’s services sector has continued to weaken, reflecting the impact of global uncertainty and rising operational costs. According to recent data, business activity declined for a fifth consecutive month, although the pace of contraction showed slight signs of easing. The slowdown has been......

Canadian manufacturing slows as global tensions weigh on outlook

Canada’s manufacturing sector showed signs of stagnation in March, as rising global tensions and trade pressures weighed on industrial activity. According to recent data, the country’s Manufacturing Purchasing Managers’ Index (PMI) fell to its lowest level in three months, signaling......

Global borrowers rush bond markets as geopolitical volatility shrinks issuance windows

Corporate treasurers across multiple continents moved quickly to lock in financing this week, tapping bond markets in Canada, Switzerland, New Zealand, and China as geopolitical uncertainty and volatile borrowing conditions compressed the windows available for new debt issuance. TD Bank Group on March......