Friday, January 30, 2026 at 4:30 PM
Canada’s economic recovery stumbled in the final quarter of last year as good-producing industries struggled with supply-chain bottlenecks and the continued weight of tariffs and uncertainty.
Activity in Canada’s services industry contracted even more sharply to start the new year, extending a downturn as tariffs and broader uncertain continue to weigh heavily, data released Wednesday showed.
Officials said they are unable to predict the timing and direction of the central bank’s next rate move.
Orders from U.S. factories rose 2.7% in November to $621.6 billion, from $605.4 billion in October.
Central banker says rate cuts aimed at lifting economy adapting to U.S. trade friction, technological advances might backfire.
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