Highlights / economy

Economy

Canada’s economy grew by 0.7% in January, says Statistics Canada

Canada’s economy grew by 0.7 per cent in January, despite lockdown measures in the face of the second wave of the COVID-19 pandemic, Statistics Canada reported Wednesday. The national statistics agency said the economy outperformed its own expectations and was »

Society

Couche-Tard sells 49 stores in United States for $39 million

The Quebec-based convenience store company Alimentation Couche-Tard has an agreement to sell 49 stores in Oklahoma to Casey’s General Stores Inc. for $39 million. According to a press release from Couche-Tard, the transaction includes 46 leased and three owned properties »

Uncategorized

Air Canada sets goal to have net-zero greenhouse gas emissions by 2050

Air Canada announced Monday that it has set climate targets to reach a goal of net-zero greenhouse gas emissions throughout its global operations by 2050. According to a press release, Air Canada also set mid-term goals and by 2030 it »

Society

Ontario government invests $25 million into arts sector

The Ontario government is supporting its arts sector with a $25 million investment in order to help artists and arts organizations live through the COVID-19 pandemic. According to the announcement on Tuesday by Ontario Heritage Minister Lisa MacLeod, $24 million »

Economy, Society

British Columbia grant program offers businesses funds to grow online store

The British Columbia government has launched a new grant program to help small and medium sized businesses market their products online. A press release from the government says it is investing $12 million to help businesses launch or update their »

Environment & Animal Life, International, Politics

Canada commits to sustainable use of all of its oceans

Canada has joined 13 other coastal nations in pledging to sustainably manage 100 per cent of its oceans by 2025. The non-binding pledges announced at the High Level Panel for a Sustainable Ocean Economy on Tuesday commit the governments of »

Economy, Society

Small business cries foul over new lockdown in Ontario

With substantial increases in people testing positive for COVID 19, Canada’s most populous province renewed some lockdown rules on businesses in Toronto and neignbouring Peel region. This means in-person shopping will be prohibited except for essential stores like supermarkets, hardware, »

Economy, International, Society

COVID financial worries stressing business owners

With COVID emergency orders having resulted in the shut down of many small businesses this summer, and clientele reduced even when open, many business owners are feeling the pressure. A survey in the last week of August by Canada’s Business »

Economy, Society

Canada’s economy grew 1.2% in August as pace of growth cools down

Canada’s economy grew by 1.2 per cent in August slightly higher than what economists were expecting but significantly slower than in previous months as the pace of economic recovery began losing steam. In July, Canada’s economy had grown by 3.1 »

Economy

Bank of Canada: long term low rate

It was not unexpected but at the regular Bank of Canada  rate announcement bank Governor Tiff Macklem said the central bank would hold its current low 0.25 per cent rate, and would not go into negative territory. At the press »