Canadian Economy

More Taxpayer Money For Bombardier? Just Say No, Mr. Trudeau

Aaron Wudrick | Posted 11.17.2015 | Canada Business
Aaron Wudrick

Over the last 50 years, Bombardier has received $2.2 billion in federal government assistance -- of which Industry Canada advises only $543 million has been repaid. In short, if history is any guide, Bombardier is far more likely to be calling on taxpayers again shortly with its hands outstretched, than to actually mature into a bonafide competitive business.

Benefit Corporations Are In The Business Of Creating Social Change

Aaron H. Emery | Posted 11.12.2015 | Canada Business
Aaron H. Emery

These companies have already touched your life. Beyond the big names like Ben & Jerry's ice cream, Patagonia clothing, Etsy, or Kickstarter, there are impact-driven business leaders making significant money while making an amazing difference in communities all around us.

Enhancing Employment Insurance Will Benefit All Canadians

Wellesley Institute | Posted 11.03.2015 | Canada Business
Wellesley Institute

The EI system is an important component of Canada's social safety net. Over the last two decades, however, a series of changes to EI as well as labour market shifts have made it more difficult for Canadian workers to access EI benefits. Thankfully, fixing the erosion of Canada's EI system was featured in this federal election.

Money Flows Out Of Canada At Top Speed As Factories Hit Record Low

The Huffington Post Canada | Daniel Tencer | Posted 11.03.2015 | Canada Business

Despite economists’ declarations that Canada emerged from recession in the third quarter, two new reports out Monday indicate more trouble on the ho...

Canadian Economy Kept Afloat By Small Business In 2015 Slowdown

CP | Posted 10.22.2015 | Canada Business

CIBC deputy chief economist Benjamin Tal, who co-authored the report, said small businesses have been boosted by consumer spending, which has maintained growth despite the economic contraction in the first half of 2015.

Liberal Win Will Boost Economy But Hurt The Rich, Bank Economists Say

The Huffington Post Canada | Daniel Tencer | Posted 10.22.2015 | Canada Business

Economists at some of Canada’s big banks are upgrading the country’s economic forecast in the wake of the Liberal Party’s sweeping victory in th...

It Will Take More Than One Election to Fix Canadian Politics

Sol Chrom | Posted 10.14.2015 | Canada Politics
Sol Chrom

Austerity, privatization, deregulation, outsourcing -- yada, yada, yada -- all served up with noxious sides of deficit hysteria and tax cuts, not to mention the attendant knee-capping of government's ability to act. Brian Mulroney. Jean Chretien. Paul Martin. Nods to the knuckle-draggers aside, Harper's just peddling more of the same. Seriously, can anyone point to a substantive change in the country's direction over the past few decades?

Let's Make This Election About Small Businesses

Steven Uster | Posted 10.09.2015 | Canada Business
Steven Uster

The biggest financing issue that SMEs face is when banks reject their loan; SMEs are not aware they have alternative options. As we head into the homestretch of the Federal Election, I want to send a message to the successful leader that this issue hasn't been talked about yet, but should be part of their consideration moving forward.

Asking if Canadians Spend Too Much on Taxes Misses the Point

Michael Wolfson | Posted 10.08.2015 | Canada Business
Michael Wolfson

"There are lies, damned lies and statistics" is the well-worn phrase, but nothing better sums up the recent Fraser Institute scare mongering about taxes being the single largest budget item of Canadian households -- as catchy as the headlines may be, it is alarmist spin. Such biased economic exercises raise a fundamental question: Just what indicators should we be using to keep score on Canada's economic performance?

Barely Growing: IMF Downgrades Outlook For Canadian Economy

CP | The Canadian Press | Posted 10.06.2015 | Canada Business

OTTAWA — The International Monetary Fund cut its growth outlook for the Canadian economy on Tuesday to just 1.0 per cent for the year, due to the dr...

TSX Plunges To Lowest Level In Years

AP/HuffPost Canada | Posted 09.28.2015 | Canada Business

The Toronto Stock Exchange lost 2.8 per cent of its value Monday, in a rout that saw the S&P TSX Composite index drop 373 points. The index has wip...

This Is What TD Bank Says Is The Largest Risk To Canada's Economy

The Huffington Post Canada | Daniel Tencer | Posted 09.21.2015 | Canada Business

The largest risk to Canada’s economy isn't the slowdown in the oil industry, or the spectre of a housing bubble — it’s the world outside Canada ...

OECD Slashes Canada's Economic Outlook

CP | Posted 09.16.2015 | Canada Business

The OECD has lowered its estimate for Canada's economic growth this year to 1.1 per cent -- down 0.4 of a percentage point -- as weakened conditions i...

This Week: Soaring House Prices, Youth Unemployment And A Leaders' Debate

CP | The Canadian Press | Posted 09.14.2015 | Canada Business

TORONTO — Five things to watch in Canadian business this week: Hot housing: The Canadian Real Estate Association is out with the resale housing sta...

Calgary Pawn Shops Filled With Luxury Items As Recession Worsens

CBC | Posted 09.10.2015 | Canada Alberta

Many customers are hoping to reclaim items when things turn around.

Harper's Recession Proves Canada Needs a New Approach to the Economy

Jordan Brennan | Posted 09.05.2015 | Canada Politics
Jordan Brennan

With the economy contracting, oil prices sliding and the prospect of a balanced budget looking increasingly unlikely, Conservatives feared damage to their vaunted reputation as competent economic managers. As it turned out, Statistics Canada data confirmed that Canada's economy slipped into official recession in the first half of 2015 -- the damage was done.

One Good Reason Canadians Should Be Jealous Of Australia

The Huffington Post Canada | Daniel Tencer | Posted 09.03.2015 | Canada Business

Doug Porter, the chief economist at Bank of Montreal, is jealous of Australia. Despite having a commodity-based economy similar to Canada’s and b...

It's Official: Canada In Recession

The Huffington Post Canada | Daniel Tencer | Posted 09.01.2015 | Canada Business

It's official: Canada fell into recession in the first half of the year. Statistics Canada reported Tuesday that Canadian GDP fell 0.5 per cent at ...

Canada's Economic Stats Bring Harper Good (And Also Bad) News

CP | Alexander Panetta, The Canadian Press | Posted 08.31.2015 | Canada Politics

Economic statistics can be a pretty good predictor of election trends — which is why so many people involved in Canada's current federal campaign are bracing for the release of quarterly GDP data on Tuesday.

Canada's 'Technical Recession' Will Be Short-Lived, Economists Say

CP | The Canadian Press | Posted 08.31.2015 | Canada Business

Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived.

Trudeau's Pro-Economic Growth Platform Is All About Jobs

Ralph Goodale | Posted 09.08.2015 | Canada Politics
Ralph Goodale

With a strong plan to invest in jobs and economic growth, Liberal leader Justin Trudeau has boldly distinguished himself from both Stephen Harper and Thomas Mulcair. Mr. Harper's growth record is the worst of any prime minister in eight decades. There are 160,000 more jobless Canadians today than before he took office. And Mr. Mulcair has strangely sided with the Harper austerity agenda, meaning billions of dollars in program cuts and/or broken promises to concoct the appearance of a balanced budget next year. The Mulcair plan and the Harper plan are formulae for going nowhere. Justin Trudeau is offering the only agenda for real change.

This Is The Week We Find Out Officially If Canada's In Recession

CP | The Canadian Press | Posted 08.31.2015 | Canada Business

As the federal election heads into its fifth week, a slew of economic data will reveal how Canada's economy is doing at mid-year.

Cheap Oil Good For Canada And The World, Scotiabank CEO Says

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2015 | Canada Business

TORONTO — Concerns about the prolonged decline in the value of crude have left a dark cloud hanging over the banks, but the chief executive of Scoti...

5 Reasons Not To Panic About Canada's Economy

CBC | Posted 08.28.2015 | Canada Business

A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financia...

China's Crash An Opportunity To 'Reset' Canada's Commodity Economy

CBC | Posted 08.25.2015 | Canada Business

China's staggering economic growth has been, in many ways, a boon for Canada.   Put simply, China need lots of the things we have to offer like wo...