Canadian economy

The International Monetary Fund says uncertainty surrounding the incoming Trump administration in the U.S. is making it difficult to forecast how the global economy will perform this year.

The ramp-up in reconstruction, needed to rebuild the close to 2,000 homes and businesses destroyed by the fire, is also expected to create about 9,000 jobs next year.

The mining excluding oil and gas extraction subsector increased two per cent.

Statistics Canada said there was a 19 per cent increase in non-conventional oil extraction, which includes oilsands.

A dam project in Almonte, O.N. has divided the community, even as the country moves toward an increased focus on renewable energy.

The final touches on an elusive, renewed trade pact between the provinces, territories and the federal government are expected to be on the table during the meetings.

The estimate came after TD tripled this year's expected GDP decline to three per cent, after factoring in the Fort McMurray fires and a higher than expected drop in industry activity.

The central bank’s forecast was released Wednesday along with its scheduled announcement on its benchmark interest rate.

The two sides have been working out details of the agreement since the plan was originally announced in October.

On the other hand, his critics contend that it’s taken less than nine months for the familiar old Liberal arrogance to return.

Trudeau’s theme: government investment is better than belt−tightening.

Cheng Hoon Lim, head of the IMF’s annual review of Canada’s economic performance, said it’s too soon to calculate the impact of the Alberta wildfires.

The Prime Minister won over a large audience during a lunch-time question and answer session with his forthright answers

Fresh investments in infrastructure and housing are key to renewing a relationship between the federal government and cities that the PM accused his predecessor of neglecting.