Canadian Economy

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.

Tories Aim To Boost Economy With Cheques, Spending

CP | Bruce Cheadle | Posted 07.12.2015 | Canada Politics

"If an interest rate of three quarters is not doing the trick, why would we believe an interest rate at a half would make any difference?"

Canada's Technical Recession 'Contained': Former PBO Kevin Page

CBC | Posted 07.11.2015 | Canada Politics

Although Canada is in a likely technical recession — defined as two consecutive quarters of negative growth — it's a recession that is co...

IMF Slashes Forecast For Canadian, Global Economies

CP | Paul Wiseman, The Associated Press | Posted 07.09.2015 | Canada Business

WASHINGTON - The U.S. economy's stumble at the start of 2015 is dragging down the world's growth to the lowest level since the Great Recession, the In...

A Regional Divide In Attitudes On The Economy

CP | Craig Wong, The Canadian Press | Posted 07.06.2015 | Canada Business

OTTAWA - The Bank of Canada says there is a divide in business confidence across the country as low oil prices weigh on the outlook for some regions m...

Odds Of A Recession In Canada Just Got Much Higher

The Huffington Post Canada | Daniel Tencer | Posted 06.30.2015 | Canada Business

The odds that Canada will see a recession this year just rose considerably. Canada's economy shrank 0.1 per cent in April, StatsCan said Tuesday mo...

Majority Of CEOs Say Canada Too Dependent On Alberta: Survey

The Huffington Post Canada | Sunny Freeman | Posted 06.22.2015 | Canada Business

Nearly two-thirds of Canadian executives polled —including about 60 per cent of Albertans surveyed — said they believe the country should be less reliant on resources.

OECD Slashes Canadian Growth Forecast

CP | The Associated Press | Posted 06.03.2015 | Canada Business

PARIS - The world economy risks being bogged down in a low-growth spiral unless measures are taken to spur demand and incite businesses to boost their...

Looks Like Poloz Nailed That 'Atrocious Economy' Prediction

CP | Andy Blatchford, The Canadian Press | Posted 05.29.2015 | Canada Business

OTTAWA - When Bank of Canada governor Stephen Poloz veered off script earlier this year to deliver a stunner that Canada's first-quarter numbers would...

93 Per Cent of Canadians Get Nothing from Doubling the TFSA Limits

Ralph Goodale | Posted 05.15.2015 | Canada Business
Ralph Goodale

For those who readily have an extra $4500 available every year, after they've paid their taxes, this increase would be an attractive future tax break. But is a higher limit fair to taxpayers across the board? The answer to that question depends on how many taxpayers at various wealth levels will be able to benefit from the higher contributions.

Why You Should be Bracing for a Dual Market Crash

Dan S. Barnabic | Posted 05.14.2015 | Canada Business
Dan S. Barnabic

According to many North American economic analyses, we're not headed toward a bubble -- we're in one. But how is this bubble different from past bubbles and what will happen when it ultimately bursts?

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 06.28.2015 | 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 06.21.2015 | 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 06.20.2015 | 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 05.31.2015 | 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 05.18.2015 | 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 05.17.2015 | 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 05.08.2015 | 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...