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.
Economy expands 1.7% in Q4 to cap off 2017 at 3% GDP
Growth in the fourth quarter was driven by a 2.3% increase in business investment.
Punting NAFTA talks into 2019 would cost Canada 0.2% of GDP
Soctiabank projects the country would still see modest economic growth of 2.3% on the year
Manufacturing helped boost economic growth in November: Statistics Canada
Sector gained 1.8%, the largest monthly increase since February 2014.
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.
Economy slows as real GDP contracted 0.1% in August: Statistics Canada
The two-month lull in activity reinforces the point that the frothy growth of the past year is done.
Canada’s economy pauses in July easing rate hike expectations
Recent pace of growth over the last year won’t be sustained going forward: RBC
Headlines about economic growth hide underlying problems
Investors are losing confidence in Canada as a competitive place to do business.
Household spending, exports drive economy past expectations with 4.5% growth
Exports in goods and services rose 2.3%, while the export of energy products increased 9.2%.
US economic growth upgraded to 3% rate in Q2
GDP grew at an annual rate of 3% in the April-June quarter, its best showing since a 3.2% gain in Q1 of 2015.
High debt, boom and bust cycles equal trouble: MLI
Macdonald-Laurier Institute warns servicing debt adds to the risk that imperils growth.
Canada’s GDP is looking up, 1.9% or 2.6% depending on who’s counting
Will benefit from improved commodity prices and a stronger outlook for the US.
Manufacturing helps GDP grow 0.4% in November
Exceeds economists’ initial forecast of a 0.3% gain for the month.
Worst manufacturing output in October weighs down economic growth
GDP contracted by 0.3% for the month, the first decline since the Fort McMurray wildfires in May.
Canada’s GDP to fall out of top 10 by 2020: report
Centre for Economics and Business Research suggests China will surpass US by 2030
BoC senior deputy: Adapt to slower growth, low rates
It means changing investment strategies and risk-management practices.
Q2 economic performance worst since financial crisis, StatsCan says
Real GDP fell 1.6%, federal agency blames Alberta wildfires for most of the contraction.
Dire economic data undermine Liberal promises of growth, Conservatives say
StatsCan reports real GDP fell at an annualized rate of 1.6% in Q2.
Expectations grim as Statistics Canada set to release Q2 GDP
Decline to be short-lived; economists predict the economy grew 0.4% in June.
Wynne’s claims contradicted, Ontario GDP lower than some US states
NDP accuses Premier of misleading people about the province’s economic performance.