Paula Tran
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Economics Reporter, @financialpost Parliamentary Bureau | Formerly @ottawacitizen @globalcalgary | Tips to: ptran@postmedia.com
Articles by Paula Tran
Canadian manufacturing sales climbed in August, led by metal and chemical sectors
Manufacturing sales in Canada climbed in August while wholesale trade dipped, but the effects from the new 50 per cent United States tariffs were not reflected in the data. The figures, published on Thursday, showed manufacturing sales rose by 1.5 per cent to $79.9 billion in August following a 0.3 per cent dip in July. The gains were broad-based, with 12 out of 21 subsectors reporting gains between July and August.
'Getting lost in the shuffle': Why some small businesses fear they're being left to fight the trade war on their own Original
Skip to Content As the trade war lingers, business owners and economists fret about long-term consequences that may be hard to reverse Previously exempt from U.S. tariffs under CUSMA, Canadian made model trains, along with toys, dolls, puzzles and other scale models, are being priced out of the market south of the border. We independently select everything we recommend. Buying through us may earn us a commission, which supports our work.
Canada loses 68,000 jobs, pushing unemployment rate higher Original
Job postings line bulletin boards at a CAW job action centre in London, Ont. Canada shed 68,000 jobs in September, driving the unemployment rate up to 6.5 per cent from 6.4 per cent the month before. Sign In or Create an Account The job losses were split evenly between full-time (35,000 positions lost) and part-time (33,000 positions lost) employment, according to the latest Labour Force Survey published by Statistics Canada on Friday. We apologize, but this video has failed to load.
Business groups warn of irreversible economic consequences if trade deal remains in limbo Original
Skip to Content Lack of economic predictability is making it difficult for businesses to invest, committee hears Automotive Parts Manufacturers' Association president Flavio Volpe attends a ceremony installing Louise Arbour as Governor General at the Canadian Senate building in Ottawa June 8, 2026.
Canada's trade surplus with U.S. nearly doubles to $11.2 billion Original
Trucks line up to cross the Ambassador Bridge from Windsor to Detroit. Canada’s trade surplus with the United States grew to $11.2 billion in August from $6.1 billion in July, the largest positive monthly change since 1997, as exports surged ahead of the implementation of U.S. Section 338 levies. Sign In or Create an Account Exports to the U.S. jumped by 8.1 per cent in August while imports were down 2.5 per cent, according to Statistics Canada data published Tuesday.
Canada's trade surplus with U.S. nearly doubles to $11.2 billion
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Canada's trade surplus with U.S. nearly doubles to $11.2 billion
Economists, however, warn that the trade outlook remains clouded unless a new deal with the United States is reached Published Oct 06, 2026 • Last updated 16 hours ago • 4 minute read Trucks line up to cross the Ambassador Bridge from Windsor to Detroit.
Canada's trade surplus with U.S. nearly doubles to $11.2 billion
Breadcrumb Trail Links Home Business News Trucks line up to cross the Ambassador Bridge from Windsor to Detroit. Photo by Don McArthur/Postmedia Canada’s trade surplus with the United States grew to $11.2 billion in August from $6.1 billion in July, the largest positive monthly change since 1997, as exports surged ahead of the implementation of U.S. Section 338 levies.
Canada and other G7 nations agree to release 100 million barrels of oil and diesel to curb price spikes Original
G7 nations agreed Friday to release 100 million barrels of oil and diesel to curb rising prices. Canada and its G7 allies agreed on Friday to release diesel and crude oil into the market as energy prices continue to climb during the Iran war.
Canada and other G7 nations agree to release 100 million barrels of oil and diesel to curb price spikes
G7 nations agreed Friday to release 100 million barrels of oil and diesel to curb rising prices. Photo by Ben STANSALL / AFP via Getty Images Article content Canada and its G7 allies agreed on Friday to release diesel and crude oil into the market as energy prices continue to climb during the Iran war. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account.
Bank of Canada senior deputy outlines dilemma at centre of housing affordability Original
There are no simple fixes and any changes to the Bank of Canada’s monetary policy would come with trade-offs Carolyn Rogers said many policies and regulations have been introduced over the years, both in Canada and abroad, to try and address housing affordability issues. Housing affordability has been a top concern for Canadians for many years and won’t be solved anytime soon, said Carolyn Rogers, the Bank of Canada’s senior deputy governor, in a speech in Victoria, B.C., on Thursday.
Bank of Canada senior deputy outlines dilemma at centre of housing affordability
1 hour ago VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct 1, 2026-- AbCellera (Nasdaq: ABCL) will announce its third quarter 2026 financial results on Monday, November 9, 2026, and hold an earnings conference call at 3:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day. A live audio webcast of the …
Canada's economy stalls after three months of growth Original
A cargo ship navigates the Welland Canal as transport trucks carrying goods and cars pass over the Garden City Skyway Bridge in St. Catharines. Canada’s real gross domestic product remained flat in July following three months of expansion, an early sign that economic growth may have slowed in the third quarter following a second-quarter rebound.
Canada's economy stalls after three months of growth
RBC is still forecasting 1.8 per cent annualized growth for the third quarter of 2026. “We need to see persistent weakness for a few months before calling it a broader deteriorating economy. So far, everything is pretty consistent with a gradual recovery story for Canada,” Xu said. Most economists say the Bank of Canada will likely stay on the sidelines for now before hiking rates in 2027.
Canadian retail sales drop for the first time in almost a year
A shopper in Home Depot. Retail sales in Canada fell in July. Canadian consumers pulled back on spending in July, a slowdown after stronger sales during the first half of the year. Sign In or Create an Account Retail sales fell by 0.7 per cent monthly to $73.7 billion in July, the first drop since December 2025, according to data from Statistics Canada published on Thursday morning. The decrease followed a 0.6 per cent rise to $74.3 billion in sales in June.
Canadian retail sales drop for the first time in almost a year
Canadian consumers pulled back on spending in July, a slowdown after stronger sales during the first half of the year. Retail sales fell by 0.7 per cent monthly to $73.7 billion in July, the first drop since December 2025, according to data from Statistics Canada published on Thursday morning. The decrease followed a 0.6 per cent rise to $74.3 billion in sales in June. In volume terms, retail sales decreased by 0.7 per cent in July.
Bank of Canada to make rate decisions based on domestic economic situation, not markets or the Fed, says Macklem Original
Central bank governor said the U.S. and Canadian economies have key differences which will lead to different interest rate decisions Bank of Canada governor Tiff Macklem answers questions after giving a speech at the Halifax Convention Centre on Sept. 21, 2026.
Bank of Canada developing new AI model to help with economic forecasts: Macklem Original
Prima will be used for the first time as the central bank's primary forecast model for the next Monetary Policy Report Bank of Canada governor Tiff Macklem answers questions from reporters during a press conference at the Halifax Convention Centre on Sept. 21, 2026. The Bank of Canada is developing a new artificial intelligence model designed to help officials with economic forecasting.
Bank of Canada governor warns new tariffs could cut fourth-quarter growth in half
In a speech in Halifax today, Tiff Macklem said the trade war and Iran conflict could derail economic recovery Bank of Canada Governor Tiff Macklem spoke in Halifax Monday. Bank of Canada governor Tiff Macklem says the persistent trade war with the United States and conflict in the Middle East could unravel the recent rebound in the Canadian economy and significantly slow economic growth.
Bank of Canada developing new model to help with economic forecasts: Macklem
Bank of Canada governor Tiff Macklem answers questions from reporters during a press conference at the Halifax Convention Centre on Sept. 21, 2026. Photo by Ryan Taplin /The Chronicle Herald Article content The Bank of Canada is developing a new model designed to help officials with economic forecasting. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account.
Governing council agreed that the main economic risks had heightened since the July Monetary Policy Report Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa on June 10, 2026.
Canada's inflation rate remains steady at 3% as food price growth slows Original
Grocery price growth fell below the overall inflation rate for the first time since July 2024. Canada’s annual inflation rate remained steady at three per cent in August as gasoline prices grew at a slower pace, but remained elevated due to the ongoing war in Iran. Sign In or Create an Account Gasoline prices rose by 22.8 per cent year-over-year in August following a 25.7 per cent increase in July, according to Statistics Canada data released on Monday.
Trump is angry about the loonie 'imbalance': But what does he mean and what can he do about it?
U.S. President Donald Trump took aim at the weak loonie, but intervening in currency markets can come at great cost Trump's comments about a currency "imbalance" appeared to be in reference to the loonie's relative weakness compared to the greenback. U.S. President Donald Trump opened a new front in the trade war earlier this week, accusing Canada of running a currency “imbalance” two days before Canadian counter-tariffs took effect.
Trump is angry about the loonie 'imbalance': But what does he mean and what can he do about it?
Liberal View 4 hours ago Trump’s insanity triggers a duty to act dailykos.com - sabrina haake • 4h On Trump’s social media posts, he keeps depicting himself in fantasy roles: Superman, Jesus, the Pope, Sci-Fi leader of dystopian death machines & a … Housing 4 hours ago A fix for the foreign buyer ban The Globe and Mail - The Editorial Board • 4h In 2022, as Canadian home prices soared, the federal government announced it was bringing in a temporary ban on foreigners buying property.
Trump is angry about the loonie 'imbalance': But what does he mean and what can he do about it?
Trump's comments about a currency "imbalance" appeared to be in reference to the loonie's relative weakness compared to the greenback. (Credit: Peter J Thompson) U.S. President Donald Trump opened a new front in the trade war earlier this week, accusing Canada of running a currency "imbalance" two days before Canadian counter-tariffs took effect. "Canada's (currency) dollar imbalance with the U.S. is unacceptable. It has been that way for years — but no longer!" he wrote in a social media post.
Canada's unemployment rate remains at 6.4% as economy sees broad-based declines
Employment declines were spread across several industries, including the public sector, natural resources, utilities and business, building and other support services. The Canadian economy shed 42,000 jobs, but the unemployment rate remained unchanged at 6.4 per cent in August after it declined by a total of 0.5 percentage points in May, June and July.
Canada's unemployment rate remains at 6.4% as economy sees broad-based declines
4 hours ago Eugene Lang is an assistant professor at the School of Policy Studies at Queen’s University. “Triangle of inertia.” It’s a clever phrase uttered by Doug Guzman, CEO of the federal government’s new Defence Investment Agency, at a CIBC “defence and resiliency” conference in Toronto in May. He was …
Canada's unemployment rate remains at 6.4% as economy sees broad-based declines
The Canadian economy shed 42,000 jobs, but the unemployment rate remained unchanged at 6.4 per cent in August after it declined by a total of 0.5 percentage points in May, June and July. Employment declines were spread across several industries, including the public sector, natural resources, utilities and business, building and other support services.
Bank of Canada's new $20 bill features new security features and Canadian, Indigenous motifs Original
Here’s a sneak peak of the new bill before you get your hands on it starting February 2027 Bank of Canada officials said the design of the new $20 bill tries to incorporate different stories to reflect Canada, Canadians and the unity of this country. The Bank of Canada unveiled its new vertical $20 bill on Thursday, featuring security measures and a design that highlights Canadian sovereignty and Indigenous cultures.
Canada's trade surplus drops to $769 million on lower gold exports Original
Exports of metallic and non-metallic mineral products slid 8.5 per cent, one of the biggest declines. Canada’s trade surplus sharply narrowed to $769 million in July from $4.2 billion in June, driven by a decrease in gold exports to the U.S. Sign In or Create an Account Total exports decreased 2.3 per cent in July, the first decline in six months, according to Statistics Canada on Thursday.
Bank of Canada holds interest rate at 2.25% as trade war clouds outlook
Bank of Canada governor Tiff Macklem announced the interest rate decision Wednesday. Bank of Canada held its benchmark interest rate at 2.25 per cent Wednesday for the seventh meeting in a row. Sign In or Create an Account The hold was widely expected as a fresh outbreak in the trade war with the United States threatens the country’s economic recovery while raising the risk of higher inflation. We apologize, but this video has failed to load.
Bank of Canada holds interest rate at 2.25% as trade war clouds outlook
The Bank of Canada on Wednesday held its key interest rate at 2.25 per cent for the seventh consecutive time, which was widely expected by economists due to the ongoing uncertainty from rising trade tensions and renewed hostilities in the war on Iran. "Since our last decision in July, the conflict in the Middle East has persisted without a clear path to resolution.
Bank of Canada expected to hold interest rates steady, but renewed trade war muddies economic outlook Original
Skip to Content The central bank is scheduled to announce its overnight rate on Wednesday The Bank of Canada building in Ottawa. Canadian economists largely expect the Bank of Canada to keep its overnight rate at 2.25 per cent for the rest of the year, but what policymakers might do in 2027 is less clear as the trade war muddies the country’s economic outlook.
Canada's economy posts fastest growth in three years Original
Rail yards feed the Port of Vancouver. Canada’s economy grew by 3.3 per cent on an annualized basis in the second quarter of 2026, marking the fastest quarterly expansion since 2023. Sign In or Create an Account Economists were expecting the strong showing after a string of data released showed signs the economy was rebounding from a slow start to the year. We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team.
Canada's economy posts fastest growth in three years
Skip to Content Statistics Canada also makes upward revision to first-quarter GDP • • Rail yards feed the Port of Vancouver. Canada’s economy grew by 3.3 per cent on an annualized basis in the second quarter of 2026, marking the fastest quarterly expansion since 2023. Don't have an account? Create Account Statistics Canada also released revised data for the first quarter of 2026, showing the economy actually grew by 0.3 per cent. We apologize, but this video has failed to load.
Canada's economy posts fastest growth in three years
Statistics Canada also makes upward revision to first-quarter GDP Published Aug 28, 2026 • Last updated 14 minutes ago • 4 minute read Rail yards feed the Port of Vancouver. Photo by Getty Images Article content Canada’s economy grew by 3.3 per cent on an annualized basis in the second quarter of 2026, marking the fastest quarterly expansion since 2023. Advertisement 2 This advertisement has not loaded yet, but your article continues below.
Canadian consumers will feel the pinch from tariffs, just not right away, economists say
Skip to Content Canada’s counter tariffs could add 0.1 to 0.3 percentage points to the overall inflation rate U.S. imports of food products, beauty products, paper products and home furnishings are facing tariffs. Canada’s counter-tariffs could add pressure on households amid already rising living costs, but the full impact may not be felt until months from now, economists say.
Canada's counterpunch: What's inside the government's tariff and stimulus packages? Original
Skip to Content Ottawa pledged $7.5 billion in funding to support Canadian businesses and workers affected by the new tariffs Prime Minister Mark Carney speaks about the trade dispute with the United States at the Davie Shipyard in Levis, Que., on Aug. 24, 2026. The Canadian government announced Tuesday that it will impose $27.6-billion worth of counter-tariffs starting Sept. 8 — a dollar-for-dollar response to U.S. President Donald Trump‘s punishing Section 338 tariffs, which came into effect Aug.
Tariff will hurt, but escalation risks a recession, economists warn Original
Skip to Content 'Canada is tremendously reliant on the United States for many things, and no amount of economic nationalism is going to prevent that truth' Prime Minister Mark Carney talks during a press conference at the Davie Shipyard in Levis, Que., Aug. 24, 2026. U.S. tariffs that went into effect on Saturday are likely to slow Canada’s economic growth, but it’s the risk of escalation on both sides of the trade war that poses a bigger threat to country’s outlook, economists said Monday.
The loonie is rallying. Here's why top currency watchers don't think it will last Original
The Canadian dollar's recent rise has more to do with U.S. dollar weakness than a potential trade deal with the U.S. The loonie was already rallying before Trump announced the tentative deal, mostly due to data suggesting the Canadian economy rebounded in Q2 of 2026.
Canadian retail sales look set to fall after seven months of gains Original
A shopper leaves a Canadian Tire in Toronto. Retail sales in Canada increased in June. Retail sales in Canada increased by 0.6 per cent to $74.3 billion in June, with gains recorded in a broad swath of subsectors, said Statistics Canada Friday. Sign In or Create an Account But an initial flash estimate for the following month suggest sales fell by 0.8 per cent in July, the first decline in seven months. We apologize, but this video has failed to load.
Canadian retail sales look set to fall after seven months of gains
Team Canada 6 hours ago Canada, U.S. race to reach a trade deal before midnight tariff deadline Global News - By Uday Rana • 6h Canada is facing yet another deadline and could see sweeping 50 per cent tariffs imposed on goods worth billions of dollars, unless Ottawa and … Dominic LeBlanc 2 hours ago U.S., Canada near final trade deal as Trump tariff deadline looms CNBC - Kevin Breuninger • 2h The U.S. and Canada will continue trade negotiations Friday morning, with just hours remaining to...
Trump's 50% tariffs are on pause: Here's where things stand on a potential trade deal Original
Canadian and U.S. officials have until 12:01 a.m. on Saturday to finalize a deal U.S. President Donald Trump delivers remarks during a meeting in the Roosevelt Room of the White House in Washington, D.C., on Aug. 19, 2026. United States President Donald Trump announced late Tuesday night that Canada and the U.S. had reached a tentative trade deal and that he was hitting pause on the new 50 per cent tariffs for three days to allow for sides to finalize the documentation.
Here's what top economists are saying about the potential impact of Trump's 50 per cent tariffs as deadline nears Original
The tariffs will take affect at 12:01 a.m. on Wednesday if Canadian and U.S. officials do not reach a deal before the deadline In a recent survey by Abacus Data, 55 per cent of respondents say Canada should prepare to move on from CUSMA and build trade relationships with other countries. A new round of 50 per cent tariffs on nearly $20 billion of Canadian goods are scheduled to go into effect at 12:01 a.m. on Wednesday unless a deal can be reached between Canadian and U.S. trade negotiators.
Canada's inflation rate creeps up to 3% after gas prices spike Original
Skip to Content Food inflation slows, but still outpaced general inflation for 18th consecutive month Gasoline prices rose by 25.7 per cent year-over-year in July. Higher gasoline prices pushed Canada’s inflation rate up to three per cent in July from 2.8 per cent in June, an increase economists had widely anticipated.
Canada's inflation rate creeps up to 3% after gas prices spike
Electric Vehicles 1 hour ago Buying a New EV May Be Greener Than Keeping Your Gas Car Autoblog - Earl Lee • 1h While the production of a new EV has a large carbon footprint at the start, that eventually levels out the more you use it, researchers say.
Canada's inflation rate creeps up to 3% after gas prices spike
Advertisement oop Skip to Content Food inflation slows, but still outpaced general inflation for 18th consecutive month • • You can save this article by registering for free here. Or sign-in if you have an account. Gasoline prices rose by 25.7 per cent year-over-year in July. Higher gasoline prices pushed Canada’s inflation rate up to three per cent in July from 2.8 per cent in June, an increase economists had widely anticipated.
Canadian manufacturing sales surged to record level in second quarter, despite tariffs Original
Employees work on the floor at the Magna International Inc. Polycon Industries auto parts manufacturing facility in Guelph, Ont. Manufacturing sales in Canada climbed in the second quarter of 2026 for the fourth quarter in a row, another sign that the Canadian economy rebounded after a sluggish start to the year. Sign In or Create an Account The data, published on Friday, showed manufacturing sales rose by 9.3 per cent to $235.1 billion in the second quarter of 2026, the highest level on record.
Canadian manufacturing sales surged to record level in second quarter, despite tariffs
19 hours ago Thanks for reading our Canada Playbook. In today’s TGIF edition: — A full-court press on trade. — IAN BRODIE’s advice to federalists: Take separatists seriously. — What would you do with a C$410 daily allowance? — The Boldfaces: Jamieson Greer, Katy Perry, Evan Siddall, Yves-François Blanchet, Dean Del …
Higher gas prices expected to nudge Canada's inflation rate back near 3% in July, economists say Original
Skip to Content Inflation cooled down to 2.8% in June due to lower gas prices but the cost of filling up spiked again last month Gas prices soared to almost $1.97 a litre at some gas stations in Greater Sudbury, Ont. on Tuesday May 5, 2026. Prices at the pump retreated in June only to rise again in July. /Sudbury Star/Postmedia Network Higher gas prices are expected to push Canada’s inflation rate back up near three per cent for July, but economists believe the spike will only be temporary.
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