Economy in Canada

  • Here’s why everybody is so interested in Canada’s inflation data today

    CANADA, 2017/08/21 Canadian consumer prices showed some signs of life last month, Statistics Canada said Friday in a statement that should bolster policy makers’ confidence inflation is trending higher from extremely low levels. Annual inflation accelerated to 1.2 % in July, in line with economist expectations, next falling to an almost two-year low of 1 % in June. The statement as well showed a second straight gain in core inflation.
  • Canada’s unemployment rate falls to lowest in nearly nine years

    CANADA, 2017/08/21 The economy extended its winning streak in July, posting its eighth consecutive month of job increase while the unemployment rate dropped to its lowest point since the start of the financial crisis nearly nine years ago. The unemployment rate fell 0.2 % points to 6.3 %, a level not seen since October 2008, as the number of people looking for work declined, Statistics Canada reported Friday. The decrease came as the economy pumped out 10,900 net new jobs for the month. That followed staggering employment increase of 45,300 in June and 54,500 in May.
  • International Economic Week In Review

    CANADA, 2017/06/09 The Bank of Canada maintained their current .5% interest rate policy this week, offering the following assessment of the Canadian economy:
  • Canada's economy grew at faster-than-expected 2.6% rate in 4th quarter of 2016

    CANADA, 2017/03/06 The Canadian economy gained momentum in the fourth quarter of 2016 at a 2.6 % annualized rate, beating expectations. The new data released Thursday by Statistics Canada compares favourably to U.S. GDP increase during the same period, which was 1.9 % annualized. Economists surveyed by Thompson Reuters had expected an annualized increase rate of two % for the quarter. Household consumption was the single biggest driver of the GDP increase of 0.6 % in the final three months of last year, boosted by stronger spending on financial services and durable goods such as household appliances and vehicles. Investment in residential structures as well rebounded.
  • The Uber-ization of the Canadian economy

    CANADA, 2017/01/16 Living in Singapore a few years ago, Drew Currah had a tough time finding tradespeople to fix his air conditioning and help him with an electrical problem. His challenge finding contractors, coupled with his job working for a firm that invests in U.S. Silicon Valley tech companies, helped him come up with a business idea. He moved to Edmonton and, along with some friends, developed Trade Pros — a mobile phone app that allows people to post their repair and renovation jobs and contractors to bid on them.
  • Economic, political plans at play as Ma sells Trudeau on a modern China

    CHINA, 2016/09/05 When Justin Trudeau sits down for a meeting Saturday with Jack Ma, he will come face-to-face with the most recognizable captain of China’s ambitious new economy.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • China Will Be Key to Future of G-20, Ex-Canadian PM Paul Martin Says

    CHINA, 2015/11/30 In the late 1990s, the world seemed to be lurching from one economic crisis to an extra. But only a handful of developed nations, known as the Group of Seven, seemed to have the last word on what everyone else should do about it. One man thought there was something wrong with that: Paul Martin, the former prime minister of Canada, who is widely credited as the architect of the Group of 20. Established in 1999, the grouping serves as a forum for world economic leaders, such as finance ministers and central bank governors, from both developed and developing nations to discuss pressing issues. This year's G-20 summit will be held in Antalya, Turkey, from November 15 to 16. China will take over the G-20 presidency on December 1 and host the summit for the initial time, in the major eastern city of Hangzhou, in November next year.
  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.