Canada: Economy trends

Canada: Economy trends

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Signals
Canada's wealthiest one per cent hold 25.6 per cent of riches, new PBO report says
CTV NEWS
A report based on a new modelling approach finds that Canada's wealthiest families possess billions more of the nation's riches than previously believed.
Signals
Canada is quietly building the trading empire of the world
Jack Chapple
We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy. In fact, the proc...
Signals
Canadian income inequality is shrinking, and liberals can take some credit
Huff Post
Meanwhile, inequality in the U.S. is hitting new highs.
Signals
Canada back in world's top 10 economies, with room to grow
CTV News
Canada once again has one of the world's 10 largest economies, according to a new report that forecasts the country to rise to eighth place by 2029.
Signals
Average Canadian family will pay about $480 more for groceries in 2020, major study predicts
The Globe and Mail
The 4-per-cent increase – driven in large part by climate change and continuing trade issues - will outpace the average food inflation rate over the past decade of about 2 per cent to 2.5 per cent per year.
Signals
Unemployment rates are at historically low levels around the world – but that may not mean much
The Globe and Mail
The days of the unemployment rate as a top-tier economic indicator are, or should be, numbered
Signals
Most Canadians worry about affording the basics
CBC News: The National
A new poll for CBC News finds 83 per cent of Canadians are worried about just affording the basics — like groceries and monthly utility bills.Read more: http...
Signals
More than 500,000 jobs went unfilled across Canada in first three months of 2019
CIC News
The number of job vacancies in Canada rose again in the first three months of 2019 compared to the same period in 2018, with increases reported in six provinces and the territory of Nunavut.
Signals
More Canadians can’t make ends meet, file for insolvency
The Globe and Mail
Latest numbers also show breakdown between bankruptcies and proposals to renegotiate terms
Signals
Bank of Canada flags climate change as ‘vulnerability’ in annual report card
Global news
The Bank of Canada is highlighting its growing concerns about the challenges of climate change for the economy and the financial system.
Signals
How dirty money is driving up real estate prices
CBC News
A new report from the B.C. government reveals that more than five billion dollars in dirty money was laundered through real estate in 2018. Wendy Mesley reve...
Signals
Diane Francis: Money laundering by foreigners is what's really destroying housing affordability in Canada
Financial Post
Current proposals to flood the market with new affordable housing or to lift zoning restrictions won’t resolve anything
Signals
Canada's once-mighty mining sector losing ground to global competitors
Financial Post
A report by the Mining Association of Canada says more must be done by governments to stop industry's decline
Signals
Canadian house prices to grow slowly for years, poll of experts finds
Huffington Post
High prices mean "the Canadian housing market's major shift from homeownership to rental continues," Laurentian's chief economist says.
Signals
Pandemic and oil shock trigger deep recession
Deloitte
The COVID-19 outbreak and ensuing disruptions will likely lead to a recession. Uncertainty will remain until there is clarity over when containment can be relaxed.
Signals
Canada and 5 other nations pull trigger on world’s biggest trade deal — leaving America out in the cold
Financial Post
Opinion: The world's most radical trade pact has come into force across the Pacific as the U.S. sulks on the sidelines
Signals
It’s never been this expensive to own a single-family home in Canada: RBC
Huffington Post
The bank's economists ponder if "only the rich are able to buy a home these days."
Signals
Liberals looking at national basic income as way to help Canadians cope with job instability
Global News
The Trudeau Liberals haven't shut the door on a guaranteed-income program in their search for ways to help workers adapt to an unsteady and shifting labour market.
Signals
High cost for new Canadian weed towns
CBC News: The National
Pot distribution centres are in full swing heading into legalization, but the cost of running these business is on the rise for the towns and cities in which...
Signals
A new trade deal gets NAFTA members back together
Stratfor
After talk of a bilateral deal with Mexico, the United States reached an agreement with Canada that will preserve the trilateral format and many of the key provisions of NAFTA, with some important differences.
Signals
The economic impact of North America's most vital trade corridor
Stratfor
Each year 230 million metric tons of cargo transit the waterways of the Great Lakes-St. Lawrence region, home to an estimated 30 percent of total economic activity in the United States and Canada.
Signals
Canada's newest trade deal
CBC News: The National
Canada is signing on to a new trade deal — a revamped Trans-Pacific Partnership agreement, which doesn’t include the U.S. after the country pulled out of tal...
Signals
Alberta well-positioned to deal with job losses from automation: study
CBC
Alberta is tied for second place with British Columbia, and behind Ontario in a detailed study by the C.D. Howe institute examining if provincial economies area prepared to adapt to a changing labour economy driven by increasing automation .
Signals
Canadian oilmen drill the government for aid
The Economist
Finding oil looks like a doddle in comparison
Signals
Bank of Canada to become the administrator of key interest rate benchmark
Bank of Canada
The Bank of Canada today announced its intention to become the administrator of the Canadian Overnight Repo Rate Average (CORRA), a key interest rate benchmark for financial markets.
Signals
Clock is ticking for ratification of USMCA trade deal
Market Watch
The most arduous hurdle for the new North American trade deal is in the United States House of Representatives.
Signals
B.C.'s new minimum wage now in effect
CBC
B.C.'s minimum wage is going up by $1.30 Friday to boost the province's current wage of $11.35 per hour to $12.65 per hour.
Signals
Alberta government to cut corporate tax rate to 8 per cent, the lowest in Canada
The Star
On Monday, Premier Jason Kenney said the tax cut will take place over the course of four years beginning on July 1 this summer with a decrease from 12...
Signals
Canadian securities administrators considering crypto “regulatory regime” by 2022
Betakit
The Canadian Securities Administrators said it wants to adapt current securities regulations to specifically address crypto-assets.
Signals
Indigenous businesses projected to contribute $100 billion to Canada’s economy by 2024
PANOW
Indigenous businesses contribute over $30 billion dollars annually to Canada's economy, and that number is exp...
Signals
Canada LNG project to ship gas to Asia as early as 2024
Nikkei Asia
NEW YORK -- A 40 billion Canadian dollar ($30 billion) project in British Columbia led by Royal Dutch Shell is on track to start exporting liquefied n
Signals
Rich get richer, poor poorer: Two reports say pandemic intensifying inequalities
CTV News
A pair of new reports say Canada is undergoing a 'K-shaped recovery,' with working-class Canadians going deeper into debt while those at the top prosper.
Signals
2021 could be a much better year for Canadian oil
Oil Price
Canadian producers are set to fetch higher prices for their crude as Mexican oil exports to the U.S. are expected to fall in 2021