Economy

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Small Businesses Need Your Support

There is no denying that some Canadians and Canadian businesses are negatively affected by the current state of affairs in the economy, particularly in the energy sector. Global forces are at work, yet the constructive response is to put local forces to work by supporting Canadian small business. It's not just good for the economy, but it also builds stronger communities when we support our neighbours.
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Shale Gas Opponents Are Committed to the Unrealizable Goal of Zero Risk

Opposition to shale gas development has been fueled by fears that fracking could adversely affect our drinking water resources. A just-released study from the U.S. Environmental Protection Agency should help douse such fears. The exhaustive, 998-page report "did not find evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States."

CETA's Promise of 80,000 Jobs Doesn't Add Up

Ed Fast, Minister of International Trade, has repeatedly promised an 80,000 job windfall from CETA. But many economists and commentators have questioned the veracity of economic models of trade agreements saying free trade's returns have been overestimated.
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Be Good to Debt and Debt May Be Good to You

Debt has been in the news a lot lately. The major news outlets in Canada are paying attention to our record-high household debt levels and are doing some fantastic reporting about the effects of oil prices, housing, health, divorce, and all the other factors that can damage a family's bottom line. Yet amid this rabble of expert voices and real Canadian tales of debt crisis, there was one lone dissenter.
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How Will the Federal Budget Affect Our Lives?

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.
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More Apprenticeship Training Will Help Grow Ontario's Economy

The Ontario government is to be applauded for emphasizing the importance of apprenticeship programs, particularly as the province strives to produce a more qualified and highly trained workforce for the skilled trades and other sectors. Ontario has committed funding towards new equipment and technology upgrades to ensure apprentices get training that is aligned with innovations in the workplace; while new funding has been announced to encourage greater numbers of Aboriginal Peoples, at-risk youth, women and newcomers to Canada to pursue skills training.
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Be Forward Thinking To Discover Tomorrow's Great Jobs Today

Developing skills in engineering, software development, analytics, security, behavioural economics, psychology, sales or digital marketing was a great first step towards that fulfilling in-demand career. Understanding how to apply those skills to help transform industries increases your employability and makes you an attractive candidate for the best employers of today and tomorrow.
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Fighting Climate Change to Strengthen Ontario's Economy

Climate change is a critically important issue for the economy. The Clean Economy Alliance, which launched Wednesday, has united under some common principles to support Ontario's commitment to climate action and to make some suggestions for how the province should proceed. We've come together because addressing climate change can benefit our economy, and failing to address climate change would be very costly. Climate change has been called the single largest threat to the global economy, which is why the World Bank says a four-degree world must be avoided.
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Crazy Canadian Credit Confronts Crude, Eh?

Canada is in the midst of a unprecedented housing boom that seems likely to bust. I was recently in Canada and noticed a schizophrenic oscillation between housing exuberance and oil-price despair. What did it mean for the Canadian economy's outlook? Upon returning to the U.S., I did some research. What I found leads me to the conclusion that Canada is now among the most vulnerable large economies in the world. Here's why.
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The Present State of Real Estate

This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows. The head of the US Federal Reserve, Ms. Janet Yellen, indicated on numerous occasions that the rates would go up incrementally as their quantitative easing was coming to an end.
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Manufaturing Isn't Bouncing Back

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 compared with what economists had expected would be a dro...
Canada, a G7 country, boasts one of the world's largest economies, ranking 11th in the world by GDP. The country's focus in recent years on resource extraction has had both its good points and bad; good, because high energy and commodity prices kept Canada's economy humming during the economic downturn of recent years; bad, because resource extraction brings with it environmental controversy, such as the one surrounding the Keystone XL Pipeline. How Canada resolves these tensions, and builds an economy for the 21st century, is among the central questions facing the country.