Highlights / gdp

Economy, Society

Canada’s economy plunged by record 11.6% in April, says statistics agency

Canada’s economy saw its largest monthly drop on record in April as it came to a near standstill due to the pandemic, but early indications point to a slight rebound in May as businesses began to reopen, the country’s national »


Canadian economy added 35,000 jobs in December

Economists breathed a sigh of relief on Friday as the latest Labour Force Survey by Statistics Canada showed that the country’s economy added 35,000 new jobs in December, bringing the total for the year 2019 as a whole to 320,000. »


Canadian economy slowed down in 3rd quarter: report

The pace of Canada’s economic growth slowed down in the third quarter but the impact of escalating global trade tensions was not as bad as was feared, economists say. Statistics Canada says the country’s real gross domestic product grew at »


Economy grew by better-than-expected 0.4% in February

Canada’s gross domestic product grew by 0.4 per cent in February, driven by a rebound in the mining and oil and gas extraction sector. Fifteen of 20 economic sectors expanded, as the economy grew faster than predicted by most economists. »


Canada’s economic growth rate at 1.7 per cent in fourth quarter

The Canadian economy expanded at a pace of 1.7 per cent over the final three months of 2017, slightly below the 2.0 per cent gain expected by most economists, Statistics Canada reported Friday. The agency’s latest numbers for real gross domestic »

Economy, International, Politics, Society

Border tax would hurt Canada and U.S., says think-tank

There was not much economic reassurance after yesterday’s meeting between Canada’s Prime Minister Justin Trudeau and U.S. President Donald Trump. Today the C-D Howe Institute predicted that a proposed U.S. border adjustment tax (BAT) would reduce Canada’s real GDP by »

Economy, Indigenous, Society

Equal opportunity for indigenous could boost economy: report

A new report says improving education, training and employment opportunities for indigenous people could boost Canada’s GDP by $27.7 billion annually. The National Aboriginal Economic Development Board says that without equal opportunities there can be no reconciliation with indigenous people. »


Canada’s economy grows for third month but sluggishness persists

Canada’s economy grew for a third straight month in August, but at a much slower pace foreshadowing of a more sluggish growth in the future. Manufacturing, mining, quarrying, and oil and gas extraction and retail trade all expanded, Statistics Canada »