The Many Consequences of a Falling Loonie

The Canadian dollar has been declining against the U.S. dollar for the last several months. The depreciation of the Canadian dollar has corresponded with the fall in oil price. Overall, the depreciating Canadian dollar would have different effects on various sectors of the economy.

Surprise - A Trade Deficit!

OTTAWA - Statistics Canada says merchandise exports declined 1.8 per cent in April, while imports increased 1.4 per cent, pushing the trade balance with the world to a deficit of $638 million from a s...

Good News About Harper's 'iPod Tax'

The so-called “iPod tax” that the Harper government (possibly unwittingly) introduced in the 2013 budget has been removed. Critics slammed the government in the spring of 2013 after it emerged a chang...