economy

Pope Leo XIV on Thursday slammed the world's failure to stop millions of people facing hunger, blaming a "soulless economy" and calling on people to rethink their livestyles and priorities.

As a result, the housing market won’t provide the kind of rocket fuel for Canada’s economy like it did earlier this decade, which helped the country recover relatively quickly from the Covid-19 pandemic.

The dollar dropped after the Federal Reserve’s Beige Book economic report confirmed expectations of further interest-rate cuts as the U.S. economy’s momentum slows.

Wealthier consumers are pulling the economy forward right now.

The government has made boosting the economy a key priority and pressure is mounting ahead of the Budget next month, but economists expect growth to remain sluggish over the next few months.