Peter Armstrong

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Mr. Carney goes to Washington

Mr. Carney goes to Washington

I feel like we have been waiting for this since November. As soon as Donald Trump was elected, questions about the Canada-U.S. relationship started growing. Obviously, a lot has changed since then. The spectre of tariffs turned into the stark reality of a trade war.

Mind Your Business - We are headed into an enormously consequential week.

Mind Your Business - We are headed into an enormously consequential week.

I am on my way to Washington. We are headed into an enormously consequential week. In eight days, Donald Trump will be sworn into office. Then we'll get to see what's real, what's bluster and what's negotiation. Roughly $968 billion a year in trade lies in the balance.

Will $52.9B in new federal spending make inflation worse?

Will $52.9B in new federal spending make inflation worse?

Heading into this week's federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates? The budget lays out plans to spend nearly half a trillion dollars in taxpayer money. The new spending in the document is modest by comparison — $52.9 billion. But it's still...

The bad economic times have only just started

The bad economic times have only just started

Growth has already slowed considerably. Job growth has moderated. Inflation remains stubbornly high. But the pain households are feeling today is only going to get worse.