Canadian Economy

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...

Provinces Feeling The Pain Of Tanking Commodity Prices

CP | Ian Bickis, The Canadian Press | Posted 08.24.2015 | Canada Business

CALGARY — Commodity prices are tanking and they're bringing Canadian markets down with them, but experts say some provinces will be feeling the pin...

CIBC Hints NDP Win Could Hurt Markets

CP | The Canadian Press | Posted 08.24.2015 | Canada Business

The possibility of neither the Conservatives nor the Liberals winning the Oct. 19 federal election could be a negative for equity markets, according to a commentary issued by CIBC.

10 Reasons to Vote for Anyone but Harper

Sarah Miller | Posted 09.01.2015 | Canada Politics
Sarah Miller

This is a rather short list of the shortfalls of Harper and the disgrace he brings to our country and I urge everyone to fully research candidates and get out and VOTE. I think the newest campaign launched by our veterans says it best when they say ABC: Anyone but Conservative

These Are Issues Federal Party Leaders Should Be Debating

Raymond Louie | Posted 08.20.2015 | Canada Politics
Raymond Louie

There was a very telling disconnect earlier this week between what passes for priorities inside the Ottawa bubble and the issues that really matter to Canadians. While federal leaders and backroom organizers debated the debates, Canadians were still stuck in traffic. They still worried about finding a home they could afford. They still faced the frustration of trying to be globally competitive with inadequate and aging infrastructure. These issues are critical to the quality of life of Canadians and they need to be front and centre in this election campaign.

Canada's Economy Shrinks For 5th Straight Month

The Huffington Post Canada | Daniel Tencer | Posted 07.31.2015 | Canada Business

Canada's economic contraction accelerated in May, shrinking 0.2 per cent on the month, Statistics Canada said Friday. That marks the fifth straight...

‘Don't Count' On Economic Boost From Tories' Cheques: CIBC

The Huffington Post Canada | Daniel Tencer | Posted 07.24.2015 | Canada Business

Recent polling suggests the $4 billion in Universal Child Care Benefit cheques the Harper government is mailing out this month is giving the Tories a ...

Majority Believes Canada Already In Recession: Poll

The Huffington Post Canada | Daniel Tencer | Posted 07.22.2015 | Canada Business

A majority of Canadians isn't buying Finance Minister Joe Oliver’s assertions that Canada has avoided a recession. Fifty-eight per cent of respon...

Trudeau's Plan for the Middle Class Will Reduce Inequality in Canada

Stephane Dion | Posted 07.22.2015 | Canada Politics
Stephane Dion

Reducing inequalities, if well done as per the progressive Trudeau Plan, will benefit our economy; increasing inequality -- the regressive Harper or Mulcair way -- will only harm it. A strong economy, a just society, a healthy environment: why should we have to choose? If we make the right decisions, we can better achieve all of these goals, precisely because we will not have given up on any of them. Trudeau's plan for fairness to the middle class is one of those good decisions Canadians have to make, in the interest of all.

The Underground Economy Is Eroding the Integrity of Our Tax System

Gabe Hayos, FCPA, FCA | Posted 07.15.2015 | Canada Business
Gabe Hayos, FCPA, FCA

How is it that everyone seems to know someone who's paid under the table, but no one concedes to doing it? Of course, that's no surprise. Who wants to admit to putting personal gain ahead of the greater good? It costs jobs, undermines businesses that play by the rules, and deprives the government of much needed revenue for vital programs. Statistics Canada says the underground economy totalled $42.4 billion in 2012, roughly 2.3 per cent of gross domestic product, much of it occurring in the construction, finance and real estate, retail and hospitality industries.

Mr. Harper's Feeble Leadership Has Resulted in a Feeble Economy

Ralph Goodale | Posted 07.14.2015 | Canada Politics
Ralph Goodale

Listening to Stephen Harper talk about the economy, you get the distinct impression that someone else entirely must have been running the country for the past 10 years. Since 2006, Canada has been stuck with the weakest economic growth record in eight decades.