Canadian Economy

Why Are Harper and the Bank of Canada Following Contradictory Strategies?

Ralph Goodale | Posted 01.27.2015 | Canada Politics
Ralph Goodale

It's strange indeed to see the federal government and the central bank headed in opposite and contradictory directions. The Bank of Canada is moving to stimulate greater growth, while Mr. Harper pushes more austerity -- with the net effect of reducing aggregate demand.

IMF Lowers Outlook For Canada

CP | The Canadian Press | Posted 01.20.2015 | Canada Business

OTTAWA - The International Monetary Fund is downgrading its 2015 growth forecast for the Canadian economy as it lowers its overall outlook for global ...

How Is it That Norway Is Rich and We Are Not?

John McKay | Posted 01.19.2015 | Canada Politics
John McKay

Alberta's economy is on the precipice of free-fall where Norwegians are able to look over the precipice and know that they are not going over it. How did this happen? The simple answer is that Norway decided to de-link its economy from oil revenues and Canada did not.

As The West Sputters, Is Ontario Ready To Take The Lead?

CP | Andy Blatchford, The Canadian Press | Posted 01.19.2015 | Canada Business

OTTAWA - Inside his humming facility on the outskirts of Ottawa, Mark Perry's operation pumps out specialized plastic products — everything from pat...

These Provinces Will Outgrow Alberta In 2015

CP | The Canadian Press | Posted 01.06.2015 | Canada Business

TORONTO - Falling oil prices will shift the balance of power among Canada's provinces this year, with Alberta expected to see its growth rate slashed ...

Canada's GDP Grew More Than Expected .. Before Oil Prices Sank

CP | Posted 12.23.2014 | Canada Business

OTTAWA — Canada's gross domestic product rose by an unexpectedly strong 0.3 per cent in October, which led several economists to consider revising t...

What France Can Learn From Canada's Economy

Mark Milke | Posted 12.10.2014 | Canada Politics
Mark Milke

France's economy saw only a weak rebound after 2009 with real GDP growth rates of about two per cent in both 2010 and 2011 before slowing to a crawl with only 0.3 per cent growth in 2012. In comparison, Canada positively raced ahead, experiencing real GDP growth of 3.4, 3.0 and 1.9 per cent in 2010, 2011 and 2012 respectively.

TSX Has Its Worst Day In Years

CP | The Canadian Press | Posted 12.09.2014 | Canada Business

TORONTO — The Toronto stock market plunged over 300 points Monday, registering its steepest one-day drop since April 2013, as energy stocks were pou...

Ex-TD Bank CEO: Economy In Serious Trouble Without Radical Shift

Financial Post | Posted 12.04.2014 | Canada Business

Canada’s economy could be in serious trouble if we don’t radically re-evaluate our strengths and priorities, said former TD Bank Group chief execu...

Economic Growth Beats Forecasts By A Mile

CP | Craig Wong and Steve Rennie, The Canadian Press | Posted 01.28.2015 | Canada Business

OTTAWA - The Canadian economy grew at a faster than expected pace in the third quarter, but economists cautioned Friday about the impact of lower oil ...

Um, About Those Huge Job Gains...

The Huffington Post Canada | Daniel Tencer | Posted 11.27.2014 | Canada Business

According to StatsCan’s labour force survey, Canada created more than 117,000 jobs in the past two months, finally overcoming a long period of lackl...

Homelessness Remains a National Crisis

Jino Distasio | Posted 01.12.2015 | Canada Politics
Jino Distasio

All levels of government and the private sector must begin to see the tremendous social and economic benefits of doing the right thing. Canada can end homelessness and our elected officials have a duty to work together on funding community based solutions.

Sliding Oil Prices Will Cost Ottawa Billions, ‘Re-Order' Economy

The Huffington Post Canada | Daniel Tencer | Posted 10.20.2014 | Canada Business

The steep drop in oil prices in recent months will cost Canada’s federal government as much as $3 billion in lost revenue, according to an analysis ...

How Small Businesses Affect the Future of Sustainable Sourcing

Ian Lifshitz | Posted 12.18.2014 | Canada Business
Ian Lifshitz

With more and more attention focused on global environment and climate change, stakeholders (citizenry at large) are hungry for actionable solutions and real commitments. As companies start to more and more define their supply chains with sustainability as a core value, transparency and accountability in these efforts will be increasingly critical.

Oil Prices Are Diving. Is That Good Or Bad For Canada?

The Huffington Post Canada | Daniel Tencer | Posted 10.10.2014 | Canada Business

Oil prices are coming down fast, and analysts say that’s bad news for Canada’s oil-producing provinces. But what’s bad news for the drillers is ...

Zero Growth In Canada's Economy

The Huffington Post Canada | Posted 09.30.2014 | Canada Business

OTTAWA - Economic growth in Canada paused in July following a string of gains over six consecutive months, hurt by a slump in the mining and energy se...

8 Things You Need To Know From Canada's Big Bank Economists

The Huffington Post Canada | Sunny Freeman | Posted 09.23.2014 | Canada Business

Top economists from Canada’s big five banks assembled for a rare team prognostication Monday to weigh in on everything from how Millennials living w...

We Still Needs Economic Stimulus: BoC

CP | The Canadian Press | Posted 11.22.2014 | Canada Business

TORONTO - Canada's struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, says Bank of Canada senior ...

Dollar Up, As Economy Rebounds Sharply

CP | Malcolm Morrison, The Canadian Press | Posted 10.29.2014 | Canada Business

TORONTO - The Canadian dollar was higher Friday as data showed the economy grew more than expected in the second quarter.The loonie was up 0.08 of a c...

How Canadian Companies Are Adding Emerging Markets To Their Export Strategy

Peter Hall | Posted 10.21.2014 | Canada Business
Peter Hall

The tech wreck, the thickening border with the U.S. and the soaring loonie in the mid-2000's turned the attention of Canada's exporters to fast-growing emerging markets. In a relatively short time span, our trade with this rapidly-rising part of the global economy has risen from less than 5 per cent to almost 13 per cent of our merchandise exports.

Are Exports Driving Our Economy?

Peter Hall | Posted 10.14.2014 | Canada
Peter Hall

OK, you're right -- this is really last week's news. But it is worth repeating. For a good many months now, economy watchers of many stripes have been...

Canada's Manufacturing Crisis Is Worst In Developed World

The Huffington Post Canada | Daniel Tencer | Posted 08.08.2014 | Canada Business

We’re often told that Canada’s crisis in manufacturing is a global problem, one that we alone can do little to address. Competition from devel...

Canada's Big Pharma Should Do What It Does Best

Joseph Soares | Posted 10.07.2014 | Canada Business
Joseph Soares

Back in 2012, things looked grim for Canada's Big Pharma industry. A significant number of the industry's high-earning products were about to lose their patent protection, and face replacement by low-margin generics. But Canada's pharma industry, the eighth largest in the world, maintained its levels of innovation as well as formulating an innovative and successful business strategy.

Canada's Economy Surprises To The Upside

CP | Julian Beltrame, The Canadian Press | Posted 09.30.2014 | Canada Business

OTTAWA - Canada's economic output picked up speed to a a 0.4 per cent pace in May, setting the stage for a second quarter expansion that is expected t...

Ottawa's Deficit Spending Needs to Stop

Sean Speer | Posted 09.28.2014 | Canada Business
Sean Speer

The federal government now appears once again poised to balance its budget after several years of deficit spending. A step backwards in the direction of borrowing and spending more would be a huge loss with little economic reward.