Canadian economy

Ottawa's fiscal books continue to improve, deficit lower than expected

OTTAWA -- The federal deficit for the year just finished will come in lower than the $40.5 billion predicted in March's budget, Ottawa says. Just how much lower won't be known for sure until the fall...

Canada's millionaires self-made

OTTAWA -A new report shows that Canada's rich didn't get there the old-fashioned way through inheritance, they earned it. The study by BMO Harris Private Banking finds that 94 per cent of Canadians...

Bank of Canada keeps key rate unchanged at 1 per cent despite improving economy

The Bank of Canada is keeping its key interest rate on hold at one per cent and giving no hint as to when it will start raising rates again. The decision announced Tuesday came despite a mostly...