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Economy

News Manufacturing Economy General
September 2, 2020  

August another good month for manufacturers: purchasing managers

Canadian PMI shows sharpest improvement in business conditions since August 2018.

News Government Manufacturing Economy General
September 2, 2020  

US not joining global effort to find COVID-19 vaccine

Trump doesn’t ant to be “constrained” by multilateral groups, claims the WHO is heavily influenced by China.

News Government Economy General
September 1, 2020  

COVID-19 turns BC’s 2019-20 budget surplus to $321M deficit

Declines in tax revenues, losses at the Insurance Corporation of British Columbia and early measures to tackle the pandemic.

News Government Economy General
August 28, 2020  

Fitch Ratings issues new warning over federal spending, debt

Downgraded Canada’s triple-A credit rating in June to AA+ over the deterioration of public finances due to COVID-19.

News Economy General
August 27, 2020  

US economy plunged an annualized 31.7% in Q2

Previous worst quarterly drop since record-keeping began in 1947 was a 10% annualized loss in 1958.

News Energy Manufacturing Oil & Gas Economy General
August 27, 2020  

Alberta to outline $20B plus deficit in fiscal reckoning

Debt expected to rise to almost $77 billion by next spring and to almost $88 billion by 2023.

News Manufacturing Economy General
August 27, 2020  

Small business outlook points to sluggish recovery

Proportion of businesses in bad shape has dropped and is now on par with those who say they are in good shape.

News Government Manufacturing Economy General
August 26, 2020  

Bank of Canada reviews effect on wealth, income distribution: Wilkens

Also testing other frameworks related to monetary policy to see how they fare in good economic times and bad.

Insight Government Manufacturing Economy General
August 25, 2020  

Federal finances remain vulnerable to fluctuating interest rates

An increase could lead the government into a downward cycle of increased deficits, and that means higher taxes.

News Government Manufacturing Economy General
August 25, 2020  

China, US discuss economic co-ordination in trade meeting

Part of the Phase 1 truce aimed at ending a tariff war between the two biggest global economies.

News Forestry Manufacturing Economy General
August 25, 2020  

Canadians cheer, US denounces WTO decision on softwood lumber

Department of Commerce and International Trade Commission declared wrong in 2017 when they imposed countervailing duties.

News Government Manufacturing Economy General
August 24, 2020  

As Freeland takes finance job, crisis will dictate spending plans: experts

Talks about going green, equitable and inclusive growth; suggests the Liberals plan to double down on their existing approach.

News Manufacturing Economy General
August 20, 2020  

Inflation rate falls to 0.1% as price growth slows: Statistics Canada

Reading was down from a year-over-year increase of 0.7% in June, average economist estimate had been 0.5% for July.

News Government Manufacturing Economy General
August 19, 2020  

Cabinet glass ceiling shattered as Freeland named finance minister

Solid reputation both inside and outside of cabinet, first in international trade, then foreign affairs.

News Food & Beverage Manufacturing Economy General
August 18, 2020  

China considers imposing tariffs on Australian wine

Focuses on wine in containers 2 litres or smaller, which accounts for most Australian exports.

News Government Economy General
August 18, 2020  

Morneau leaves cabinet, federal politics, as suddenly as he arrived

First rookie MP in nearly a century to step into the high-profile and demanding role of finance minister.

News Government Manufacturing Economy General
August 18, 2020  

Morneau resigns finance post and seat, plans to run for head of OECD

Exit comes amid WE charity controversy and investigation by the federal ethics watchdog.

News Government Manufacturing Economy General
August 17, 2020  

Quebec, Ontario ask Ottawa to intervene in Montreal port strike

They say shutdown in week two will harm Eastern Canada’s economy and erode the competitiveness of the port.

Insight Aerospace Economy General
August 13, 2020  

Bombardier the poster child of pork barrel cronyism

Instead of picking winners and losers, governments should step back and let markets work.

News Government Economy General
August 12, 2020  

Ontario budget deficit projected to jump to $38.5B in 2020-2021

Province spent billions to support the health-care sector and help businesses and residents weather the storm.

News Food & Beverage Government Manufacturing Economy General
August 12, 2020  

Manitoba pushes economic rebound as COVID-19 cluster grows

There were 16 new cases reported in the province Aug. 12, for a total of 587 infections.

News Manufacturing Economy
August 11, 2020  

Virus surge makes U.S. weak link in global economic recovery

The American economy shrank at an annual pace of 32.9% from April through June

News Manufacturing Metals Economy General
August 11, 2020  

58% of Americans oppose Trump tariff on Canadian aluminum: survey

Polling firm Leger says numbers reflect a lack of a clear rationale for the action by the mercurial US president.

News Government Manufacturing Economy
August 6, 2020  

Bank of England says economy will take time to heal

U.K. GDP probably shrank by 23% in the second quarter

News Manufacturing Economy
July 30, 2020  

U.S. economy shrank at record breaking 33% rate last quarter

State and local government spending, bruised by a loss of tax revenue that forced layoffs, also fell at an annual rate of 5.6%.

News Manufacturing Economy
July 30, 2020  

Boosting marginalized groups key to ‘feminist economic recovery,’ report says

In the midst of the pandemic, the employment rate declined twice as much for Canadian women in the 25 to 54 age range compared with men

News Government Manufacturing Economy General
July 27, 2020  

Trade, technology and security at risk in US China feud

Sharp deterioration in US-China ties poses risks to both countries and the rest of the world.

News Manufacturing Economy General
July 24, 2020  

BDC records $218M net loss for 2020 fiscal, remains confident

Higher net fair value depreciation on capital investments due to uncertainty and volatility.

News Government Economy General
July 24, 2020  

China tells US to close consulate in Chengdu in growing spat

Retaliation for US order to close China’s Houston consulate after accusation Chinese agents tried to steal IP.

News Government Manufacturing Economy General
July 20, 2020  

Liberals review rollout of social finance fund to combat pandemic fallout

Idea is investors front the money for projects to address social problems, the government rewards those investments if projects work.

News Government Manufacturing Economy General
July 17, 2020  

China says it’s not trying to replace US, won’t be bullied

Response to AG Barr who cautioned American business leaders against promoting policies favourable to Beijing.

News Government Manufacturing Economy General
July 16, 2020  

CERB a top reason workers refuse to return to work: CFIB

Emergency benefit appears to be impeding small companies from staffing up as they reopen their businesses.