Economy News

• Canada saw economic growth resume in January following small contraction

  The agency says real gross domestic product rose 0.5 per cent to start the year after contracting 0.1 per cent in the final month of 2022.

  Economy

  Mar 31
  
• Canada’s economy ended 2022 with a ‘thud.’ What does that mean for a recession?

  Canada's economic growth was flat to end 2022, with some economists saying this supports a pause in interest rate hikes from the Bank of Canada.

  Economy

  Feb 28
  
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• Global employment growth to ‘deteriorate significantly’ this quarter: Labour group

  ILO Director-General Gilbert Houngbo called for a series of policies aimed at supporting the most vulnerable people and businesses.

  World

  Oct 31, 2022
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• Canada’s economy grew 0.1% in August, StatCan says

  Statistics Canada's preliminary estimate for August released last month suggested real GDP was essentially unchanged for the month.

  Canada

  Oct 28, 2022
• Canada’s economy lost nearly $13B due to labour shortage, new report shows

  Canadian Manufacturers and Exporters' annual labour survey of manufacturers found that almost two thirds have lost or turned down contracts and experienced production delays.

  Economy

  Oct 25, 2022
• Canada must remain ‘fiscally responsible’ as recession fears grow, Trudeau says

  Prominent officials, including former Bank of Canada governor Mark Carney, have said this week that Canada and the world are heading towards a recession.

  Canada

  Oct 21, 2022
• Is Canada facing recession? Freeland says fall fiscal update will reflect gathering storm

  "There are still some difficult days ahead for Canada's economy and for the economies of all of our friends and allies around the world," Freeland said in a speech in Windsor.

  Canada

  Oct 19, 2022
• Ottawa posts a surplus of $10.2B in 1st quarter of fiscal year

  Revenue was up $18.7 billion, or nearly 21 per cent, while program expenditures fell by $29 billion or 25 per cent largely due to lower transfers to individuals and businesses.

  Canada

  Aug 26, 2022
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• Ottawa cut deficit down to $69.8B during most of last fiscal year

  In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.

  Economy

  Apr 29, 2022
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• Canadian economy grew 0.2% in January despite COVID restrictions

  Statistics Canada also says its initial estimate suggests the economy grew 0.8 per cent in February.

  Economy

  Mar 31, 2022