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One could be forgiven for thinking climate change would be at the centre of the election. A decade of gutted environmental laws, unfettered fossil fuel expansion, missed carbon pollution reduction targets and a failure to capture the tangible benefits of shifting to cleaner energy production and use has not only lowered our collective expectations, but put us at the back of the pack globally.
Since gender equality is one of the most important issues in terms of sustainable and healthy growth, Turkey has launched a new engagement group, Women20 (W20), which will concentrate on enhancing the role and increasing the participation of women in business. In addition to gender equality, ensuring women have access to financial assets will form the backbone of global growth.
Nuit Blanche draws criticism -- all answerable. Some say that the event has strayed too far from its original focus on art -- others say that there's too much corporate involvement and focus on cultural tourism. The payback to Toronto is meaningful. I take these concerns seriously. Its impact since 2006 has grown from $1 million to $40.5 million last year, a lot of money flowing into Toronto's economy for just one night.
GENEVA — Canada has moved up two notches to 13th position in the latest Global Competitiveness Report issued Wednesday by the Geneva-based World Economic Forum. The report says Canada improved its ran...
Canada's economy grew 0.3 per cent in July, Statistics Canada says, faster than the rate that economists had generally expected. With these numbers in, many economists are now predicting that Canada w...
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With the confirmation of the Canadian recession by Stats Canada earlier this month and the government's subsequent announcement of a $1.9 billion surplus, spending has become a particular point of interest in our upcoming election. Small business owners, who make up 98 per cent of employer businesses in Canada, will be looking to see which party's proposed spend will have a tangible effect on their bottom lines.
Simon Kuzents, the economist who developed the GDP measurement, warned it was not a good meter stick for national well-being. Still, that's exactly how the GDP has been used globally since the 1940s. GDP is the total value of all the goods and services a country produces in a year. So, creating jobs and producing equipment to clean up an oil spill, for example, adds to the GDP. As does producing guns and bombs for war. GDP is blind to factors like unemployment, living conditions and environmental degradation. Make sense? Not really. Whether it's genuine progress, national happiness, or a system that blends the best of both, the global community must agree on a more holistic way to measure our nations' progress that doesn't just count the money we make.
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TORONTO -- Canada's finance minister says Canada is not in recession now and wasn't in recession in the first half of the year despite data showing otherwise. Joe Oliver said in an interview with The...
The federal leaders' debate on the economy focused on important issues but no one talked about a different vision for Canada's economy. A better economic vision would support the right of all Canadians to live in a healthy environment, with access to clean air and water and healthy food. It would respect planetary boundaries and provide the moral imperative to decrease growing income disparities. Businesses would be required to pay for environmental damage they inflict, capital would be more widely distributed and ideas, such as employee shareholder programs with ethically invested stocks, would be the norm.
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With a low debt-ratio to start with and interest rates at rock bottom levels, this is the time to invest and grow. That will help lift the economy and create jobs. And that's what Canada needs now more than ever. The Harper/Mulcair fixation on a short-term balanced budget -- at the expense of growth and everything else -- is the wrong priority.
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 and particularly China, economists at TD Bank say. Canad...
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As a socialist, I was excited for this election as I hoped the NDP would stretch its wings and become a vocal proponent for the poor, the under-housed, the underemployed, etc.; that they would put front and centre the issues that carry the greatest ethical and moral weight for Canada's society. But no. The party of the little man -- Tommy Douglas's party of mice refusing to be led by cats -- is now courting middle-income Canadians. For me the crisis facing Canadians is not one of an attack on the middle class.
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OTTAWA - Canada's inflation rate in August was 1.3 per cent, unchanged from the previous month, as a drop in energy prices continued to be a moderating force that offset higher prices for most consume...
The heart-rending image of Alan Kurdi dead in the sand, as though sleeping peacefully, sparked a global mobilization to aid Syrian refugees. But while they number more than four million, Syrians still only represent one-fifth of the almost 20 million refugees in the world today -- the greatest global refugee population since World War II. While Canadians open their homes and wallets to Syrian refugees, here are some of the others we cannot allow to be forgotten.
Election season is heating up. The leaders debate on economic policy is almost upon us. And my mother wants me to say a few things to those who aspire to lead our country. She wants me to say that, as a strong woman who is the mother of a strong woman and grandmother of a strong granddaughter, we need to do better.
The G20 Young Entrepreneurs' Alliance Summit in Istanbul, Turkey brought together over 600 inspiring young entrepreneurs, thought leaders and leading entrepreneur-focused organizations from around the globe. Entrepreneurship is one of the key solutions to tackle high youth unemployment.
The good news from the factory sector came as the OECD slashed its estimate for Canadian economic growth this year to 1.1 per cent — down 0.4 of a percentage point.
The economy is not an abstract concept to be debated like some complex math equation. It is the day to day moments of our life that tell us whether it is safe to dream of something better for ourselves and for our children. The truth is this: on Thursday night, if a party leader does not spell out a serious plan to work with cities and municipalities, then don't be fooled. They don't have a serious plan for jobs and the economy. With that it mind, here are five questions federal political leaders need to answer in Thursday night's debate.
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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 in recent months affect many countries around the w...
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With each startup event that happens throughout the year, we are standing a little taller as a community, being a little more innovative and getting back to the business of hard work. That's the defining factor: When things don't come easy, we work harder. For me, that's the startup culture in Vancouver.
Money from the sale will be used to reduce the Calgary-based company's debt.
TORONTO — Five things to watch in Canadian business this week: Hot housing: The Canadian Real Estate Association is out with the resale housing statistics for August on Tuesday in yet another snapshot...
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The fiscal update being released Monday could show the government was on track to balance the budget by the end of March.
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Toronto is considering a bid for the 2024 Olympics -- Mayor John Tory says he's still mulling over the economics of it all. The hard reality is that scholarly research on the economic impact of hosting the Olympics is not encouraging. The vast majority of studies show either no impact or a negative impact.
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Healthy food or prescription medications? Transit fare or school supplies? Those are the choices families are forced to make when the cost of rent and utilities add up to half of their income. If we're committed to building a strong middle class we must demand safe, quality housing that's affordable to families in all tax brackets.
One of the most important steps the Canadian government can take to kickstart the economy is a large-scale program directed at renewing our national infrastructure. It will help drive job creation while generating about $1.60 of GDP for every $1 spent. And it will transform the present value of low interest rates into long-term capital assets underpinning greater Canadian productivity.
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Doug Porter, the chief economist at Bank of Montreal, is jealous of Australia. Despite having a commodity-based economy similar to Canada’s and being even more exposed to the downturn in China than Ca...
Well, it's official, or at least technically official: we're in a recession. What this means for the greater economy will be debated by economists, analysts, and politicians. But what this means for the average Canadian is pretty clear -- things aren't as secure as they used to be.
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 an annualized rate in the second quarter of the year,...
The worst kept secret regarding the economy was made official today -- Canada is in a recession. There is nothing technical about it; the definition of a recession is relatively straightforward: two consecutive quarters with negative economic growth. The fact that this definition might not be convenient for a sitting government's, which holds itself out as brilliant economic managers, political fortunes is irrelevant. By any objective standard, the Canadian economy is under-performing.
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"Bring more than 100 million women into the labor force." These 10 words represent the commitment of 10 Presidents, 10 Prime Ministers and one Chancellor to increase female labour force participation (FLFP) in the name of economic growth.
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.