Search results
Results from the WOW.Com Content Network
In 2023 Canada’s nonfinancial debt exceeded 300% of GDP [12] and household debt surpassed 100% of GDP, [13] both higher than the levels seen in the United States before the 2008 [dubious – discuss] global financial crisis. [14] [15] Canada's housing investment as a percentage of GDP ratio peaked at 8.9% in 2022, [16] whereas the US, at the ...
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] Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed.
April 12, 2024 at 4:21 PM. By Promit Mukherjee. OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan ...
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises ...
The 2021-22 Laurentian University Crisis is a controversial and unprecedented financial crisis at Laurentian University in northern Ontario, Canada. After experiencing financial difficulties over a period of years, the university filed for creditor protection on February 1, 2021. [1][2] The university subsequently closed 69 undergraduate and ...
Canada's government said Wednesday it reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country's news industry to comply with a new Canadian ...
Google has agreed to pay Canadian publishers $100 million a year for their news content, backing down from a high-stakes threat to block all news content produced in the country on its platforms ...
Since the financial crisis of 2007–2008, there has been a large increase in corporate debt, rising from 84% of gross world product in 2009 to 92% in 2019, or about $72 trillion. [ 27 ] [ 28 ] In the world's eight largest economies—China, United States, Japan, United Kingdom, France, Spain, Italy, and Germany—total corporate debt was about ...