economy

Canada’s Services Sector Declines Again Amid Global Uncertainty and Rising Costs

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Canada’s Services Sector Declines Again Amid Global Uncertainty and Rising Costs

Canada’s services sector experienced another downturn in March, marking the fifth consecutive month of contraction. According to data from S&P Global, the decline is largely driven by global uncertainty, particularly linked to tensions in the Middle East, which have delayed client decision-making and reduced new business activity. The Business Activity Index rose slightly to 47.2 … Read more

Canada’s Trade Deficit Widens Sharply in April as Gold Imports Surge

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Canada’s Trade Deficit Widens Sharply in April as Gold Imports Surge

Canada recorded a much larger-than-expected trade deficit in April 2026, driven primarily by a sharp rise in gold imports. According to official data, the country’s merchandise trade deficit expanded to C$5.74 billion, compared to a revised C$4.18 billion in the previous month. This figure far exceeded analysts’ expectations, which had predicted a deficit of around … Read more