Canada jumps closer to military spending target thanks to COVID-19
Poised to spend the equivalent of more of its GDP on defence this year than at any point in the past decade.
Business economists see coronavirus as biggest risk: US survey
The panel expects 2020 GDP to decline 4.3%, first full-year contraction since a 2.5% fall in 2009 as recession ended.
Economic freedom on the wane worldwide
Policy response to COVID-19 has put more of the economy into government hands, threatening economic freedom globally.
Canada’s merchandise trade deficit increases sharply to $3.2B in June: StatCan
Exports were up 17.1% to $39.7 billion but down 20% from $49.6 billion a year earlier
Economy posted record 11.6% plunge in April: Statistics Canada
Manufacturing was down 22.5% with many factories either shuttered or operating at greatly reduced capacity.
Liberals ease access to emergency benefit as economy shrinks fast
More money for seasonal workers without jobs, those jobless before the crisis and those whose hours have been drastically cut.
Trade conflicts fuel synchronized global slowdown: IMF
Managing director Kristalina Georgieva blames rising trade conflicts that could mean a loss of around 0.8% of world GDP.
Can green investment help relaunch Germany’s economy?
Public pressure grows to address big issues such as global warming.
Canada posts strong quarterly growth, but trade risks loom
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
IMF downgrades outlook for world economy to 3.7% growth
Predicts that US growth will slow to 2.5% next year as the effect of recent tax cuts wears off.
May GDP shows 0.5% growth, beats expectations for 0.1%
Manufacturing shows gains, oil and gas sector led the way with a 2.5% increase.
Bank of Canada holds interest rate as it ponders timing of next hike
Poloz says economy’s unable to continue running at full tilt without the power of lower rates.
World Bank predicts solid 3.1% global growth in 2018
Also forecasting solid growth of 3% in 2019 and 2.9% in 2020 after 3% expansion in 2017
Don’t be fooled, Canada’s economy is in decline
Private and international investors have lost confidence; not a competitive place to do business.
Headlines about economic growth hide underlying problems
Investors are losing confidence in Canada as a competitive place to do business.
It’s about value
Naysayers have lost sight of manufacturing’s value proposition.
Ontario’s debt is cause for worry
Recession or higher interest rates could push its finances over the edge.