Canadian Economy

How Will the Federal Budget Affect Our Lives?

Salman Sakir | Posted 05.05.2015 | Canada Politics
Salman Sakir

The federal budget announced recently has interesting policies that are expected to affect Canadians. Economic Action Plan 2015 has different components that may affect the lives of Canadians differently. An important aspect of the budget is that it would be balanced in 2015-16 with a projected surplus of $1.4 billion.

Small Businesses Across Canada Are Standing up Against Bill C-51

David Christopher | Posted 04.28.2015 | Canada Business
David Christopher

Small businesses across Canada are speaking up to warn the government about the economic damage that its "secret police" Bill C-51 will inflict on our economy. If Bill C-51 is passed, it will change Canada's economic climate for the worse, notably by harming Canadian commerce, trade, and data security. This upsurge in opposition from small businesses couldn't be more timely: committee hearings on the Bill are continuing today in the Senate, while the House of Commons could hold its final vote in just days.

Canada Must Build a Diversified Manufacturing Sector

Paul Stuart | Posted 04.21.2015 | Canada Business
Paul Stuart

The recent drop in oil prices has highlighted the vulnerability of the Canadian economy. We must strengthen our traditional manufacturing base by promoting innovation in our sustainably-managed forest resource, and provide jobs in the regions of Canada.

Canada's Economy Will Soon Pass $2-Trillion Mark

CP | Andy Blatchford, The Canadian Press | Posted 04.20.2015 | Canada Business

OTTAWA - Buried beneath the spending promises, fiscal forecasts and political posturing in Tuesday's budget will be the latest read on a little-known ...

What Oil Price Collapse? Canadian Profits At 27-Year High

CP | The Canadian Press | Posted 03.31.2015 | Canada Business

TORONTO - CIBC World Markets says corporate profit margins hit a 27-year high in the fourth quarter and are likely to remain strong despite the recent...

Fear Of An Oil-Price ‘Contagion'

The Huffington Post Canada | Daniel Tencer | Posted 03.29.2015 | Canada Business

‘Unbelievable’ decline in oil drilling could impact banks, construction Cost-cutting budgets in Alberta, Quebec will reduce economic growth...

OECD Slashes Economic Forecast For Canada

CP | The Canadian Press | Posted 03.18.2015 | Canada Business

PARIS -- The OECD has reduced its 2015 and 2016 economic growth forecasts for Canada, citing the drag caused by a significant drop in prices for oil a...

Manufaturing Isn't Bouncing Back

CP | The Canadian Press | Posted 03.17.2015 | Canada Business

OTTAWA - Statistics Canada says manufacturing sales fell 1.7 per cent in January due to a sharp drop in petroleum and coal products.The result compare...

Temper Tantrums in Question Period

Ralph Goodale | Posted 03.09.2015 | Canada Politics
Ralph Goodale

Last week, Social Development Minister Candice Bergen went off on a flight of fancy with false accusations about the economic record of previous Liber...

This Chart May Be The Best News In Ages About Canada's Economy

The Huffington Post Canada | Daniel Tencer | Posted 03.04.2015 | Canada Business

For years, economists have been saying that if Canada wants sustainable growth, it has to stop relying on consumers taking on more debt and start bein...

Canada's Economy: Slower, But It Could Have Been Worse

CP | Andy Blatchford, The Canadian Press | Posted 05.03.2015 | Canada Business

OTTAWA - The Canadian economy slowed to a 2.4 per cent growth rate in the last three months of 2014 — but still performed better than a consensus of...

Here's What Falling Oil Prices And A Weak Loonie Mean For Businesses

Andrea E. Bolger | Posted 04.20.2015 | Canada Business
Andrea E. Bolger

These factors have brought hard times to some industries and uncertainty about the impacts to the Canadian economy as the whole. While uncertainty is never comfortable, it can present some opportunities and challenges depending on your situation or sector. Here are three to watch for the rest of the year.

Sunny Freeman

30% Chance Of Recession In Canada: Report

HuffingtonPost.com | Sunny Freeman | Posted 02.06.2015 | Canada Business

At least one economist is ready not only to use the “R-word” but has also put a number on the risk of a recession happening. The odds of the e...

Sunny Freeman

Is Canada Headed For Another Recession? 8 Troubling Signs

HuffingtonPost.com | Sunny Freeman | Posted 02.04.2015 | Canada Business

A string of dire economic news since the beginning of 2015 has many observers worried about whether Canada could be on the brink of another downturn, ...

'There Will Be Blood' In Canadian Economy: JPMorgan

The Globe and Mail | Posted 01.31.2015 | Canada Business

A major U.S. bank is warning Canadians what to expect from the rout in the oil market: “There will be blood.” That warning from JPMorgan Chase ...

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

Ralph Goodale | Posted 03.29.2015 | 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 03.22.2015 | 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 03.21.2015 | 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 03.21.2015 | 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 03.08.2015 | 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 02.09.2015 | 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 02.07.2015 | 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 ...