Canada Economy
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Bureaucracy makes it too difficult for tech companies to sell to Ottawa: reportBureaucracy makes it too difficult for Canadian tech companies to sell to government, a new report from an industry group released Wednesday says.CanadaApr 3
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Canada likely to avoid recession, begin recovering later in 2024: DeloitteCanada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.EconomyApr 1
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‘Robust’ GDP growth to start 2024 puts Bank of Canada in tough spot: economistsStatistics Canada pointed to a rebound in the public sector, tied largely to the end of strikes in Quebec, as driving economic growth in January.EconomyMar 28
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Canadian businesses say housing crisis is forcing them to boost pay: surveyA new survey from KPMG Canada found 94 per cent of respondents agreed that high housing costs and a lack of supply are the top risk to the economy.EconomyMar 27
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COVID came with career setbacks for many 2020 postsecondary grads: StatCanThe onset of the COVID-19 pandemic came with career setbacks for many Canadians who graduated from postsecondary schools that year, new data shows.CanadaMar 22
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Canadian, U.S. companies start 2024 with layoffs. What to knowCompanies in the U.S. and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist.EconomyMar 7
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RBC, National Bank report higher profits. What to knowRoyal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.CanadaFeb 28
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Scotiabank beats profit estimates on interest income strength, BMO missesScotiabank on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while BMO fell short due to bigger loan-loss provisions.EconomyFeb 27
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Canada adds an unexpected 37K jobs in January. Will rate cuts be delayed?The gains, which were above some analyst expectations, were mostly driven by part-time work, and were well above the 10,000 jobs RBC predicted Canadian employers would add.EconomyFeb 9
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Why a strong U.S. economy might delay rate cuts in CanadaA strong U.S. economy could keep interest rates higher for longer south of the border, which experts say also has ramifications for the Bank of Canada's rate path.EconomyFeb 1
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