OTTAPORA – The Canadian economy grew by 0.3 percent in May, despite downward pressure from wildfire-hit oil and gas production, but appears to have slowed in June, Statistics Canada said on Friday. In its latest economic growth report, the federal agency’s preliminary estimate suggests that real gross domestic product grew at an annualized … Read more
Open this photo in the gallery: Customers shop at a store in Vernon Hills, Ill. on June 12th.Nam Y. Huh / Associated Press Signs that inflation pressures in the United States are steadily easing emerged on Friday in reports that consumer prices rose in June at their slowest pace in more than two years and … Read more
Saudi Arabia’s economy is set to slow sharply this year from last year’s growth of 8.7% due to oil production cuts that the world’s top crude exporter is implementing in a bid to “stabilize the market.” The kingdom saw its economic growth forecast for 2023 cut by the largest economies in Updating The World’s Economic … Read more
Open this photo in the gallery: A woman walks past the Bank of Canada headquarters in Ottawa on Wednesday, June 1, 2022.Adriansibrold / The Canadian Press Faced with uncertainty about the strength of monetary policy, the Bank of Canada’s governing council debated whether or not to raise interest rates in its July rate announcement – … Read more