Highlights / economy

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Ottawa looking to private sector to help plan the economic recovery

Looking for work? Here’s a job for the non-faint of heart and today’s the deadline. The federal government is heading to the private sector for advice on how to achieve a strong economic recovery in Canada in the wake of »

Economy, Society

Canada’s inflation rate turned negative in April for first time since 2009

The annual inflation rate in Canada dipped into negative territory in April as the economy came to a halt in the first full month of the pandemic, the national statistics agency reported Wednesday. Statistics Canada said the consumer price index »

Economy, Health, Politics

Ottawa and premiers release guidelines to reopening economy

The federal, provincial, and territorial governments have agreed to a set of common principles for restarting the Canadian economy, Prime Minister Justin Trudeau announced Tuesday. This joint statement identifies the criteria that need to be in place before life returns »

Economy, Health

COVID-19 Canadian consumer confidence, economic forecast plummet

But, light at the end of the tunnel for 2021 The Conference Board of Canada, a non-profit economic think tank, has released its spring outlook of preliminary economic forecast for provinces. It’s not good. The report says the country is »

Arts & Entertainment, Economy, Health, Politics, Society

COVID-19: Cash crunch for business, cities, provinces, even federal government

Across Canada the effects of the pandemic are widening. Restaurants are allowed to stay open as an essential food service but only if they provide take-away or delivery and no in-store seating, but that is not saving all of them. »

Economy, Politics, Society

Bank of Canada makes sudden unscheduled lending-rate drop

Today Canada’s central bank made an unscheduled announcement concerning its overnight lending rate, the rate upon which lending banks base their own rates to consumers and business. The next scheduled bank announcement had been set for April 15, but this »

Economy

Ottawa boosts wage subsidies for small businesses up to 75%

Prime Minister Justin Trudeau announced on Friday a major increase to the federal emergency package for Canadian businesses, boosting the wage subsidy for small and medium-sized companies to 75 per cent, up from the 10 per cent promised last week. »

Arts & Entertainment, Economy, Health, International, Society

COVID-19 sweeps through Canadian economy

As cases of the novel coronavirus grow, so to the effects on business and the economy in sectors all across Canada. The airline industry has been hard hit with layoffs announced in almost all of Canada’s airlines as people are »

Economy, Politics

Canada House of Commons suspended temporarily

Canada’s MPs decided to suspend the House of Commons until Monday April 20, this morning due to concerns of the outbreak of COVID-19, commonly known as coronavirus. The motion to suspend the House of Commons, also allows for the federal »

Economy

Nunavut increases minimum wage, becomes highest in Canada

Nunavut is increasing its minimum wage from $13 to $16 an hour, according to an announcement on Thursday, from the territory’s Minister of Justice, Jeannie Ehaloak  The increase will go into effect on April 1.  “With this increase, Nunavut will »