Highlights / economy

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 »

Economy, Society

WestJet to refund customers with flights cancelled due to pandemic

WestJet will start giving refunds to customers with flights cancelled from any time due to the COVID-19 pandemic. On Nov. 2, WestJet is going to contact eligible customers, starting with those with flights that were cancelled at the beginning of »

Economy, Society

Canadian economy adds 378,000 jobs in September

Canada’s economy added 378,000 new jobs in September as public health restrictions eased across the country and many businesses and workplaces re-opened following massive shutdowns caused by the COVID-19 pandemic in early spring, Statistics Canada reported Friday. September’s job numbers »

Economy

Canadian economy: Indications that a recovery from COVID has stalled

In spite of massive emergency federal funding for individuals and business and in spite of what appeared to be the start of a healthy recovery in mid-summer, it now appears that has stalled. The Canadian Federation of Independent Business (CFIB) »

Economy

COVID-19: strange effect on housing sales and mortgages

It seems contradictory but mortgage lenders are concerned about an increase in payment delinquencies on one hand, even as housing sales in Canada increase on the other. The Canadian Real Estate Association (CREA) noted that home sales in the country »

Politics

British Columbia projects a $12.8 billion deficit for 2020-21 fiscal year

British Columbia has updated its provincial deficit forecast to $12.8 billion for the 2020-21 fiscal year due to the economic challenges presented by the COVID-19 pandemic, according to the first-quarterly report for the year.  The province’s report said that revenue »