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The Canadian economy grew by a surprise 0.3 percent in January, reversing recent declines as the construction and manufacturing sectors picked up, and likely leaving the Bank of Canada on the ...
OTTAWA (Reuters) -The Canadian economy continued to outpace expectations in October, with a gain also expected in November despite the COVID-19 resurgence and fresh restrictions, data from ...
Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich nations into recession. Russia's invasion of ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
“It’s the economy, stupid.” That was James Carville’s immortal phrase to explain Bill Clinton’s surprising victory in 1992, ending Democrats’ 12-year exile from national office.
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
The economy expanded by 0.4% in August, missing estimates, and looked set to show no growth in September, when supply chain issues crimped auto exports and retail sales declined, Statistics Canada ...