Canadian Economy

• Canadian economy posts worst showing on record in 2020

  The Canadian economy posted its worst showing on record in 2020 as the COVID-19 pandemic swept across the country shutting down businesses and putting people out of work.

  Economy

  Mar 2
• Canada’s small businesses now have $135B in debt due to COVID-19, CFIB estimates

  CFIB president Dan Kelly worries many small business owners will shut down just as the economy reopens because they will realize they can't repay.

  Money

  Feb 25
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• Governor of Bank of Canada points to child care, education to help ease protracted employment recovery

  Tiff Macklem says making child care more affordable and available across the country would help more women return to the labour force and stay there.

  Economy

  Feb 23
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• Canada’s big banks likely to give insight on economic recovery this week: analysts

  Canadian bank earnings will kick off with Scotiabank and BMO on Tuesday.

  Economy

  Feb 22
• Canada’s annual inflation rate climbs to 1% in January

  The inflation rate was one per cent in January, up from a year-over-year increase of 0.7 per cent in December.

  Money

  Feb 17
• Canadian insolvencies hit lowest level in 20 years thanks to feds’ COVID-19 aid

  The Office of the Superintendent of Bankruptcy says there were 99,244 consumer bankruptcies and proposals along with business bankruptcies in 2020, down 30% from the prior year.

  Money

  Feb 5
• Trudeau sees ‘real opportunity’ for collaboration with U.S. on electric vehicles, critical minerals

  "The integration of our economies, of our supply chains ... I think gives a real opportunity for us to really take some leaps forward," Trudeau said.

  Economy

  Feb 5
• Canadian economy sheds 213K jobs in January as lockdowns hit part-time workers

  The losses were almost entirely concentrated in Ontario and Quebec, and mostly in the retail sector as lockdowns and restrictions closed many businesses.

  Money

  Feb 5
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• Coronavirus: Coffee shops battle to stay in business amid pandemic

  "We had to adapt. Otherwise, we would have closed the whole business," said Firas Arafat, co-owner of Page One on Mutual Street.

  Economy

  Feb 3
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• Canada’s GDP grew 0.7% in November, topping expectations

  The Canadian economy approached the end of the year in better shape than economists' had projected.

  Money

  Jan 29