California now world’s 5th largest economy, surpassing U.K.
California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127...
View ArticlePace of economic growth slowed in first quarter: Statistics Canada
The pace of economic growth in Canada slowed in the first quarter of this year to its lowest rate in nearly two years as housing investment pulled back amid new mortgage stress test rules and a cooling...
View ArticleCanada’s economy surges in second quarter on higher exports: StatCan
A surge in exports of energy, aircraft and pharmaceutical products helped propel Canada’s economy higher in the second quarter of this year, Statistics Canada said Thursday. The economy rocketed to an...
View ArticleFord, Saskatchewan premier to meet in Saskatoon about carbon tax, economy
Ontario Premier Doug Ford is bringing his anti-carbon tax crusade to Saskatchewan. Ford is to meet with Premier Scott Moe on Thursday to discuss the federal government’s carbon tax plan and the...
View ArticleOntario Fall Economic Statement to be delivered on Nov. 15
The province promised big cuts to government spending and we could soon find out just what’s on the chopping block. On Thursday, Finance Minister Vic Fedeli announced at Queen’s Park that he would be...
View ArticleSurge in job growth drives unemployment rate down to 40-year low
A blast of 94,100 new jobs last month has knocked the country’s unemployment rate down to 5.6 per cent — its lowest level since Statistics Canada started measuring comparable data more than 40 years...
View ArticleOntario’s deficit to rise to $12.3B this year, fiscal watchdog says
Ontario’s financial watchdog says the province’s deficit will rise to $12.3 billion this fiscal year, half a billion more than he predicted before the spring election. Financial Accountability Officer...
View ArticleCanadian economy grew 0.3% in January, beats expectations
Statistics Canada says real gross domestic product grew 0.3 per cent in January as the economy bounced back after contracting in November and December. Economists on average had expected no growth for...
View ArticleStatistics Canada says economy contracted 0.1% in February
Statistics Canada says the economy contracted in February after showing strong growth in January. The agency says gross domestic product pulled back 0.1 per cent in February as both goods-producing and...
View ArticleEconomy adds a record 106,500 jobs in April, unemployment rate dips
Canada’s economy is reporting its biggest one-month employment surge since 1976, when the government started collecting comparable data. Statistics Canada says the labour market added 106,500 jobs in...
View ArticleUnemployment rate down after country adds 54,000 jobs in September
Canada’s unemployment rate nudged down to a near four-decade low last month as the economy added more jobs than analysts expect – dropping an economic figure into a tight electoral race, and warnings...
View ArticleOntario’s fiscal update shows a government trying to undo damage from cuts
Ontario’s Progressive Conservative government is reaching into its pockets for hundreds of millions of dollars to undo some of the damage caused by a year of cuts. Where the spring budget – and last...
View ArticleCanada’s GDP falls 0.1% in October
Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September. Statistics Canada says that October’s decline in GDP was the first in eight months....
View ArticleGDP edged up 0.1% in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground....
View ArticleBank of Canada cuts key interest rate to 0.25% due to COVID-19
Canada’s central bank made yet another unscheduled rate cut Friday to bring its key interest target down to a crisis-level low, and the federal government upped its financial lifeline to businesses in...
View ArticleAir Canada to layoff 15,000 staff due to coronavirus: internal memo
Air Canada will move ahead with plans to layoff 15,000 staff due to the coronavirus pandemic. The company made the announcement in a memo obtained by CityNews. “Other than returning the remaining...
View ArticleGlobal economy will suffer worst year since Depression: IMF
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The...
View ArticleTrump gives governors options on how to reopen U.S. economy
President Donald Trump has given governors a road map for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in...
View ArticleFord government to unveil plans to reopen Ontario’s economy
div[data-post-id="4780850"] div[itemprop="associatedMedia"] {display:none;} Premier Doug Ford, along with other cabinet ministers, will unveil the framework for re-opening the province’s economy,...
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Ontario outlines 3-stage plan for gradual reopening of economy
div[data-post-id="4781144"] div[itemprop="associatedMedia"] {display:none;} The province of Ontario announced Monday that it will take a gradual, three-stage approach to reopening the economy while...
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