Cut could come as soon as July 15 CIBC: 'Indebted households don’t need even lower borrowing costs' Poloz: Soaring household debt a necessary 'side effect' The surprisingly bad GDP readout for Apri...
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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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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."
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 stubbornly sluggish investments.That's the conclu...
Oliver says despite the impact on Canada, he absolutely supports the sanctions.
OTTAWA - Federal Finance Minister Joe Oliver says he won't discuss the prospect of a recession because he fully expects the economy to rebound after it shrank in the first three months of the year.Oli...
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It wasn’t that long ago that Canadians were congratulating themselves, however quietly, on weathering the Great Recession better than most developed nations — and especially better than the U.S., wher...
Canada's economy shrank in the first quarter by a whopping 0.6 per cent. Is this the beginning of a new recession? Recessions of course are defined as two consecutive quarters of negative growth. Now...
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.
TORONTO - North American stock markets closed deeply in the red Friday in a broad-based decline that followed the release of dismal economic growth figures on both sides of the border.The S&P/TSX comp...
Canada’s oil and gas industry was operating at a loss in the first quarter of 2015, Statistics Canada reported Wednesday, after the sharpest decline in profitability in records going back nearly three...
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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.
The key to closing Canada's skills gap in the future lies in young people and according to a recent Randstad study, it seems that young Canadians are getting the message. There is a wealth of opportunity for career building within the various skilled trade sectors across the country, and people are taking notice.
OTTAWA - The recent rise in oil prices and the exchange rate are adding to uncertainty about the direction of the country's economy, Bank of Canada governor Stephen Poloz said Tuesday.In prepared rema...
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.
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.
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OTTAWA - Buried beneath the spending promises, fiscal forecasts and political posturing in Tuesday's budget will be the latest read on a little-known yet rapidly approaching milestone: the timing of C...
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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.
The International Monetary Fund has lowered its outlook for Canadian economic growth.It describes Canada's recent performance as "solid" but says the risk to its growth has been increased by an unusal...
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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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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.
If you're looking for more on how Harper's Conservatives will help the struggling Canadian economy they've overseen, well, that's about it. It's not much of a plan and we all deserve better.
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Canada's economy shrank in January, declining by 0.1 per cent following 0.3-per-cent growth in December, StatsCan said Tuesday. Declines were not limited to the struggling oil sector -- in fact, the o...
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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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It's the Canadian "working class," not the "middle class," that is truly struggling, according to a new report.
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.
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 and other commodities since its previous outlook in...
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...
Six words that appeared in several economists’ analyses over the past several days should give pause to Prime Minister Stephen Harper’s political strategists: “The worst is yet to come.” That was the...
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 experts had expected.Statistics Canada's stronger t...
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OTTAWA - The turbulence of the global oil slump could briefly nudge Canadian inflation into negative territory, but the Bank of Canada sees no reason to worry about outright deflation, one of its seni...
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.