Topic
canada-economy
6 stories related to this topic, newest first.
washingtonpost.compolitics23 days ago
Canada Reports Two Straight Quarters of GDP Contraction
Statistics Canada data show real GDP fell 0.1 percent in the first quarter of 2026 after a 1.0 percent drop in the fourth quarter of 2025. The figures mark the first technical recession since 2020.
themarketherald.com.aufinance38 days ago
Orbit Garant Drilling Reports Q3 Revenue of $51.4M but Posts Net Loss Amid Weather and Mobilization Costs
The drilling services company achieved its highest third-quarter revenue in history and a 67 percent utilization rate, the highest in more than 10 years. Severe winter weather in Canada and costs tied to new long-term contracts weighed on profitability, producing a $1.2 million n…
winnipegfreepress.compolitics43 days ago
Canada Open to Expanded Trade With US and Mexico in Select Industries
Prime Minister Mark Carney said Canada remains open to expanded trade with the United States and Mexico in some industries. He added that the country will invest heavily in new markets and products if those efforts do not succeed. The statement comes amid ongoing discussions abou…
riotimesonline.comfinance48 days ago
Fitch Ratings States Canada's Fiscal Deficits Held Steady by Growth-Driven Revenues
Fitch Ratings reported that Canada is relying on growth-driven revenues to maintain steady fiscal deficits. The nation's deficit trajectory remains unchanged in nominal terms from the November 2025 budget. This assessment highlights the baseline set by the prior budget for curren…
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focustaiwan.twpolitics48 days ago
Canada Announces C$1.5 Billion Support Package in Response to US Tariffs on Steel, Aluminum, and Copper
Prime Minister Mark Carney's government announced C$1.5 billion in measures to support Canadian firms affected by U.S. tariff adjustments on steel, aluminum and copper imports. The aid package, equivalent to $1.1 billion, addresses impacts from the Trump administration's recent c…
nrn.comfinance48 days ago
Canada Launches $1 Billion Program via Business Development Bank and $500 Million for Tariff Response
The Government of Canada has introduced a new $1 billion program administered through the Business Development Bank of Canada. It also added $500 million for regional tariff response efforts. These initiatives target industries involved in manufacturing and exporting steel, alumi…
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