CANADIAN ECONOMY
Canada economy in big trouble just weeks after Mark Carney's win? Job data shows worrying sign
Canada's economy is facing challenges under Prime Minister Mark Carney as unemployment has gone up, particularly affecting young graduates. Joblessness for recent graduates hits a two-decade high, exacerbated by trade tensions with the US. Experts advise job seekers to gain diverse skills and network, emphasizing the importance of early saving despite current economic difficulties. This comes at a time when US and Canada are locked in a bitter trade war.
Bad news for Mark Carney: Canada's job market is so weak that candidates aren’t getting offers even after sending out 50 applications
Canada's young workers are facing a challenging job market, with postsecondary graduates experiencing an unemployment rate of 11.2% in early 2025, the highest in over two decades. Emmersen Lashley's experience of submitting numerous applications without success reflects this struggle. Economists warn that this economic downturn could have long-term financial consequences, impacting savings and career growth for young Canadians.
Canada Housing Minister’s focus is not on reducing the cost
Canada's new Housing Minister, Gregor Robertson, prioritizes increasing housing supply to stabilize the market, despite criticism over Vancouver's past price surges. The government aims to double construction, focusing on affordable housing, while acknowledging the long-term nature of the challenge. Initiatives include utilizing public land and projections for millions of new homes by 2031, though high interest rates pose ongoing obstacles.
Trump marvels at wealth of Arab hosts while he eyes White House, Air Force One upgrades
Donald Trump's trip to the Middle East revealed his admiration for the lavish lifestyles of Arab leaders. He praised the palaces and planes of his hosts. Trump expressed envy over his older Air Force One. He even considered accepting a donated plane from Qatar. Trump aims to bring similar grandeur to the White House.
Dominic LeBlanc, Carney’s solution to Trump’s tariff war; Canada-US trade minister’s family, salary, and net worth
Prime Minister Mark Carney appointed Dominic LeBlanc as Canada-US trade minister to address trade tensions with the US. LeBlanc, a vocal critic of Trump's tariffs, aims to remove these punitive measures and foster economic partnerships. He plans to pursue phased tariff relief, challenge WTO regulations, and diversify Canadian trade while maintaining open communication with US officials.
US is on track to lose $12 billion in travel revenue in 2025
The United States is projected to lose $12.5 billion in travel revenue in 2025, becoming the only country out of 184 analysed by the World Travel & Tourism Council (WTTC) to see a decline in tourism earnings. Visitor spending is expected to fall to under $169 billion, down 7% from last year and 22% below 2019’s peak.
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Is Alberta betting its climate goals on US trade chaos? Smith freezes carbon price amid tariff turmoil
Alberta Premier Danielle Smith has frozen the province’s industrial carbon price at $95 per tonne, citing U.S. tariffs and global competitiveness. The move halts planned increases to $170 by 2030, raising questions about Canada’s emissions targets and investor confidence in Alberta’s energy transition amid rising international climate regulation
Carney stands ground as Trump tariffs on Canada may stay despite warmer ties
As Canada and the US attempt to rebuild ties under Prime Minister Mark Carney, US Ambassador Pete Hoekstra warns tariffs on Canadian goods may remain even under a future trade deal. While both leaders seek progress, major hurdles — from defence spending to Arctic security — still shape Canada-US relations
Trump's UK deal tests Canada's trade future
President Trump unveiled a preliminary trade agreement with the UK, boosting American exports while maintaining tariffs. This deal, offering insight into Trump's trade objectives, has implications for Canada, particularly its auto industry. Prime Minister Carney's visit to Washington signals a cooperative approach, but hard bargaining is expected, with Trump aiming to reduce the US trade deficit.
Don Davies faces uphill battle to keep NDP relevant after election blow
Don Davies leads the New Democratic Party after a major electoral setback. The party faces challenges to maintain official status and resources. Davies negotiates with Prime Minister Mark Carney's government for recognition. Staff layoffs impact the party's infrastructure. The NDP aims to reconnect with working-class voters and broaden its message.
How US-China tariffs reached sky-high levels in 3 months
US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
Canada’s silent power: How natural resources, cultural influence, and policy make it a global economic force in 2025
Canada, often overshadowed by larger Western powers, stands as a formidable force in 2025 due to its robust economy, rich natural resources, and unique cultural landscape. With provinces like Alberta and Quebec leading in energy and renewable sectors, and a strong French-Canadian influence shaping inclusive policies, Canada’s strategic positioning and diversified economy underscore its significant role on the global stage
Mark Carney in dire straits: Canada, one of the largest and richest countries in the world, added just 7,400 jobs in April as unemployment rate rises to 6.9%
Mark Carney in dire straits as Canada’s economy struggles with a slowdown in job growth. In April, the country added only 7,400 new jobs while the unemployment rate rose to 6.9%, its highest since November. U.S. trade tariffs on Canadian steel, aluminum, and autos are hitting hard, especially in manufacturing, which lost 31,000 jobs. Wage growth stayed flat and more people are struggling to find work. As pressure builds, many expect a Bank of Canada rate cut in June. This article breaks down all the key numbers, what’s causing the economic stress, and what might come next for Canada.
Canada's hidden history of oppression and justice
Canada grapples with its historical injustices as the 191st anniversary of slavery's abolition approaches. Recent discoveries of artifacts and digitized slave records highlight slavery's integral role in Canada's early economy. Simultaneously, Indigenous land rights face challenges with ongoing disputes over resource projects and persistent clean water crises on reserves, prompting government initiatives to address these inequities.
New US bill offers extended stay to Canadian snowbirds amid strained Canada-US relations
A bipartisan US bill aims to extend the stay limit for Canadian snowbirds from 182 to 240 days, amidst growing Canada-US tensions. As Donald Trump's tariff threats and statehood comments rattle relations, lawmakers hope the Canadian Snowbird Visa Act will boost local economies while easing cross-border anxieties
These U.S states, including Republican ones, ignore Donald Trump's tariffs, launch their own campaign to woo Canadian tourists
Canadian tourists are missing from many U.S. destinations in 2025, and top states like California, Florida, Illinois, New York, Massachusetts, and Palm Springs are taking major steps to bring them back. With rising travel costs, a strong U.S. dollar, and fewer cross-border trips, these places are launching emotional campaigns, travel discounts, and personal messages to reconnect with Canadian travelers. From banners in Palm Springs to deep hotel deals in California, this nationwide effort is about more than tourism.
Can Mark Carney-Trump meeting repair frosty Canada-US relations after tariffs?
Mark Carney, the Canadian Prime Minister, is meeting Donald Trump at the White House. This meeting follows trade tensions and annexation threats. Carney aims to ease the strained relationship and pursue a trade deal. Trump believes Carney is seeking a deal. The meeting is crucial for the future of US-Canada relations. Both leaders will discuss tariffs and cooperation.
Is Canada finally breaking free from US trade dominance amid a brewing trade war?
In March 2025, a trade war between Canada and the United States led to a significant decrease in exports to the US. However, Canada compensated by increasing overseas shipments, particularly to the United Kingdom, Netherlands, and Germany. Despite the overall trade deficit narrowing, analysts anticipate further trade challenges in the coming months as the full impact of tariffs is felt.
Could Canada join the European Union? rising public support and strategic interest amid US tensions
Amid escalating tensions with the US, nearly half of Canadians now support joining the European Union, according to a 2025 Abacus poll. While legal barriers remain, the growing interest reflects Canada’s push to diversify global alliances and reduce economic reliance on the US through deeper ties with Europe
‘Hollywood North’ at risk as Trump plans 100 percent tariff on films from outside the US
Donald Trump plans to impose tariffs on foreign films. This decision impacts film industries globally. Canada's film sector, especially in Toronto and Vancouver, faces uncertainty. The proposed tariffs aim to boost Hollywood. Canadian film professionals express concern. The move could disrupt media production on both sides of the Canada-US border. The coming weeks are critical for Canada's film industry.
Sorry, not sorry, America: why Canadians are rethinking everything U.S.
As Canadians boycott U.S. products and travel in protest of Trump-era policies, a deeper cultural shift is unfolding. This anti-American sentiment is sparking a national identity reset, with Canadians embracing local brands, media, and values. Is this the beginning of Canada’s break from American dominance?
Canada faces a summer of shortages even after Mark Carney's victory, here's the reason behind it
Canada faces a summer of shortages even after Mark Carney's victory, and the story behind it is more serious than it first seems. With U.S. President Donald Trump imposing steep tariffs on Canadian goods, Canada’s economy is feeling the heat—from rising inflation to empty grocery shelves. Despite Carney’s election win and strong stance on trade, Canadians could see job losses, higher prices, and slower growth.
Once a haven for job seekers, Canada has now one of the worst job markets for graduates; what went wrong, and it could get worse?
Canadians stepping into one of the toughest job markets in decades. With youth unemployment at 11.2%, trade tensions, and limited hiring, many grads face silence after dozens of job applications. This article dives into why entry-level jobs are drying up, how the “no experience, no job” cycle is hurting careers, and what new grads can still do to move forward. It’s a clear, simple breakdown of the current reality and offers honest advice in a hopeful tone—perfect for anyone trying to understand today’s job market for new grads.
Canadian tourists abandon Cuba amid infrastructure woes and travel safety concerns
Canada-Cuba tourism is declining sharply in 2025, with a 30 per cent drop in Canadian arrivals. Tourists cite Cuba’s worsening infrastructure, frequent blackouts, and safety issues. As Canadian travelers seek better Caribbean alternatives, the country’s once-thriving tourism economy faces serious threats
Charting the Global Economy: US hiring firm even after GDP falls
The stronger-than-expected advance in payrolls partly reflected stepped up hiring of transportation and warehousing workers needed to handle a recent flurry of imported goods.
Trump’s tariff not applicable on Canadian auto parts under CUSMA compliance
Canadian auto parts meeting CUSMA standards are exempt from new U.S. tariffs, providing relief to Canada's auto industry. This exemption safeguards economic growth and jobs in key provinces, reinforcing CUSMA's role as a shield against trade disruptions. The decision eases tensions and highlights the value of free trade within North America.
“'We deserve respect, we expect respect”: Carney prepares for high stakes Trump meet
Mark Carney, Canada's new Prime Minister, plans a White House visit soon. This follows strained relations with the US. President Trump had suggested Canada become a US state. He also imposed tariffs, hurting Canada's economy. Carney aims to address these issues. He emphasizes the need for respect. The visit occurs before Parliament convenes.
Trump congratulates Carney on election victory; leaders agree to meet in person
Following Mark Carney's Liberal party victory in the Canadian election, US President Donald Trump offered his congratulations. The leaders discussed the crucial Canada-US relationship amidst ongoing trade tensions and tariffs impacting the Canadian economy. Both leaders acknowledged the importance of collaboration and agreed to meet soon to address these pressing issues.
How Mark Carney led Liberal Party towards potential victory despite Justin Trudeau's waning popularity before polls
Mark Carney's Liberal Party secured victory in Canada's federal election. This win marks a turnaround fueled by Donald Trump's actions. The Liberals are projected to win more seats than the Conservatives. Justin Trudeau's resignation and Carney's leadership were crucial. Trump's policies and tariffs became central issues. Canada faces challenges like US tariffs and cost-of-living crisis.
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