GDP flat in August, early September read points to contraction
Canada's GDP was flat in August (0.0%) and StatCan's early estimate points to a 0.1% September contraction - Q3 tracking at just 0.3% growth, days after the Bank's rate hike.
CANADA NEWS
Business & Money.
Canadian business and money news: Bank of Canada rates, jobs, taxes, CRA benefits, CPP, OAS and government payment dates.
Canada signs UAE trade deal as strategic partnership launches
Canada signed a trade deal with the UAE on Oct 27 - 99% of Canadian exports tariff-free once in force in 2027, a $70B UAE investment pledge, and a Churchill port corridor.
Canada’s $5,000 trades bonus opens for applications November 16
Canada's $5,000 Red Seal Completion Bonus opens for applications November 16 - up to $50,000 lifetime across trades. Who qualifies, deadlines, documents.
Bank of Canada hikes to 2.50% — first increase in more than three years
The Bank of Canada hiked 25 basis points to 2.50% on October 28 - its first increase in more than three years, ending the hold at 2.25% that lasted a full year.
Bank of Canada decides Oct 28: a hike to 2.50% is back on the table
Bank of Canada decides Oct 28 with rates at 2.25%. Scotiabank, Desjardins, BMO and RBC all expect a hike to 2.50% - but RBC says a hold is almost as likely.
Inflation rises to 3.1% in September as gas prices push higher
Statistics Canada says annual inflation climbed to 3.1% in September, led by gasoline - a week before the Bank of Canada's October 28 decision.
A tough winter at the grocery store: diesel spike threatens higher food prices
Food experts warn a 75% diesel-price spike will push Canadian grocery bills higher through the winter, even as September's grocery inflation cooled to 1.7%.
Canada Child Benefit lands Tuesday, October 20 – here’s what’s left in 2026
The Canada Child Benefit pays Tuesday, October 20. The remaining 2026 CCB dates: November 20 and December 11.
Canada lost 68,000 jobs in September 2026; unemployment rate rose to 6.5%
Statistics Canada estimates employment fell by 68,000 in September 2026, with unemployment rising to 6.5% and the employment rate falling to 60.6%.
$2-billion heat pump rebate: up to $10,000 per household, launching in 2027
Ottawa's new $2B heat pump program offers grants up to $10,000 for low-to-median income households, launching in early 2027.
CPP, OAS and CCB: every government payment date left in 2026
Canada Child Benefit pays October 20 and CPP/OAS land October 28 — here is every remaining government payment date in 2026.