economy

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Growth in Canadian household wealth on track to slow down as economy reopens

‘I think households will be tempted to restart spending on things like dining out, clothing,’ says TD Bank economist Ksenia Bushmeneva

 

The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Majority of economists expect Bank of Canada to stay put on interest rates: survey

The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared

 

A Statistics Canada building and sign is pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

RBC economist: Stronger economic growth for Canada expected in rest of 2021

Statistics Canada reports the economy grew by 5.6% in first quarter

 

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)

Forecast: Rebounding global economy faces multiple threats

Lack of vaccines for poorer nations among the larger issues casting a shadow over recovery

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)
Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Rising interest rates could dampen stimulus impact from federal budget, PBO says

The Bank of Canada is expected to raise its trendsetting interest rate before the end of next year

Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette

Economic boost coming in the back half of 2021, if vaccination stays effective: CIBC

CIBC earned $1.65 billion or $3.55 per diluted share in its second quarter

A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette
Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang

Bank of Canada digital currency would be greener than Bitcoin, deputy says

Elon Musk said that Tesla would suspend vehicle purchases using Bitcoin out of environmental concern

Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang
People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette

Statistics Canada report says pandemic job losses hit women harder than men

The analysis points to a high proportion of women working at small firms in service industries

People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette
Ravi Kahlon listens as John Horgan speaks to supporters during a campaign stop in Surrey, B.C., on Monday May 8, 2017. The British Columbia government is poised to announce details of a provincial restart plan on Tuesday. THE CANADIAN PRESS/Darryl Dyck

Horgan: B.C.’s post-COVID-19 road map to be revealed Tuesday

Plan to restart B.C.’s economy to be revealed as COVID restrictions ease says premier

Ravi Kahlon listens as John Horgan speaks to supporters during a campaign stop in Surrey, B.C., on Monday May 8, 2017. The British Columbia government is poised to announce details of a provincial restart plan on Tuesday. THE CANADIAN PRESS/Darryl Dyck
A view of Nakusp. (Photo: Kootenay Rockies)

Funding for recovery advisor granted in Nakusp and Slocan Valley

The service will be available through Community Futures

A view of Nakusp. (Photo: Kootenay Rockies)
Shoppers collect items from a pick-up area at Eaton Centre shopping mall. THE CANADIAN PRESS/Chris Young

Canadian economy lost 207,000 jobs in April, unemployment rate rises

The losses in April nearly wiped out the 303,000 jobs added in March

Shoppers collect items from a pick-up area at Eaton Centre shopping mall. THE CANADIAN PRESS/Chris Young
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston

Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round

Wealthsimple began as an online investment manager in 2014

A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston
Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward

Rising loonie hits ‘sweet spot,’ likely to climb further: economists

The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It’s been above 80 cents US since last week.

Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward
Statistics Canada’s offices in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang

Early estimate from Statistics Canada shows economic growth has slowed

‘The lull in between waves reveals how quickly Canadian activity can bounce back when the virus is contained,’ says economist Royce Mendes

Statistics Canada’s offices in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang
Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn

Risk experts say climate change to take big chunk of Canadian economy by 2050

Jerome Haegeli says the world’s current path puts Canada on track to lose 7% of its gross domestic product

Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn
Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps rate on hold, sees brighter economic outlook

The key rate remains at 0.25 per cent where it has held steady for more than a year

Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick
In this photo provided by the New York Stock Exchange, traders work on the floor, Monday Feb. 22, 2021. THE CANADIAN PRESS/AP-(Courtney Crow/New York Stock Exchange via AP

Holding on during stock market roller-coaster was key to success, experts say

Now, stock indexes have gone on to set record highs — the S&P 500 closed above 4,000 points

In this photo provided by the New York Stock Exchange, traders work on the floor, Monday Feb. 22, 2021. THE CANADIAN PRESS/AP-(Courtney Crow/New York Stock Exchange via AP
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Better-than-expected Jan. growth a good sign for pandemic’s third wave: economists

The shadow hanging over the economy now is COVID-19 and its variants that are pushing up caseloads

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
People wear masks as they walk past closed storefronts downtown as COVID-19 continues to take an economic toll Thursday, March 18, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Hardest hit businesses call for extension of federal wage, rent subsidies

Just 12 per cent said they have sufficient internal resources to stay afloat

People wear masks as they walk past closed storefronts downtown as COVID-19 continues to take an economic toll Thursday, March 18, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang

Statistics Canada says annual pace of inflation edges up in February to 1.1%

Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang