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Over the last 50 years, Bombardier has received $2.2 billion in federal government assistance -- of which Industry Canada advises only $543 million has been repaid. In short, if history is any guide, Bombardier is far more likely to be calling on taxpayers again shortly with its hands outstretched, than to actually mature into a bonafide competitive business.
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These companies have already touched your life. Beyond the big names like Ben & Jerry's ice cream, Patagonia clothing, Etsy, or Kickstarter, there are impact-driven business leaders making significant money while making an amazing difference in communities all around us.
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The EI system is an important component of Canada's social safety net. Over the last two decades, however, a series of changes to EI as well as labour market shifts have made it more difficult for Canadian workers to access EI benefits. Thankfully, fixing the erosion of Canada's EI system was featured in this federal election.
Despite economists’ declarations that Canada emerged from recession in the third quarter, two new reports out Monday indicate more trouble on the horizon in the fourth quarter. The Royal Bank of Canad...
CIBC deputy chief economist Benjamin Tal, who co-authored the report, said small businesses have been boosted by consumer spending, which has maintained growth despite the economic contraction in the first half of 2015.
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Economists at some of Canada’s big banks are upgrading the country’s economic forecast in the wake of the Liberal Party’s sweeping victory in the election Monday. But they warn that the Liberals’ pla...
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Austerity, privatization, deregulation, outsourcing -- yada, yada, yada -- all served up with noxious sides of deficit hysteria and tax cuts, not to mention the attendant knee-capping of government's ability to act. Brian Mulroney. Jean Chretien. Paul Martin. Nods to the knuckle-draggers aside, Harper's just peddling more of the same. Seriously, can anyone point to a substantive change in the country's direction over the past few decades?
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The biggest financing issue that SMEs face is when banks reject their loan; SMEs are not aware they have alternative options. As we head into the homestretch of the Federal Election, I want to send a message to the successful leader that this issue hasn't been talked about yet, but should be part of their consideration moving forward.
"There are lies, damned lies and statistics" is the well-worn phrase, but nothing better sums up the recent Fraser Institute scare mongering about taxes being the single largest budget item of Canadian households -- as catchy as the headlines may be, it is alarmist spin. Such biased economic exercises raise a fundamental question: Just what indicators should we be using to keep score on Canada's economic performance?
OTTAWA — The International Monetary Fund cut its growth outlook for the Canadian economy on Tuesday to just 1.0 per cent for the year, due to the drop in oil prices and reduced investment in the energ...
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The Toronto Stock Exchange lost 2.8 per cent of its value Monday, in a rout that saw the S&P TSX Composite index drop 373 points. The index has wiped out all its gains since October, 2013, the last ti...
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...
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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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...
Many customers are hoping to reclaim items when things turn around.
With the economy contracting, oil prices sliding and the prospect of a balanced budget looking increasingly unlikely, Conservatives feared damage to their vaunted reputation as competent economic managers. As it turned out, Statistics Canada data confirmed that Canada's economy slipped into official recession in the first half of 2015 -- the damage was done.
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...
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,...
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Economic statistics can be a pretty good predictor of election trends — which is why so many people involved in Canada's current federal campaign are bracing for the release of quarterly GDP data on Tuesday.
Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived.
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With a strong plan to invest in jobs and economic growth, Liberal leader Justin Trudeau has boldly distinguished himself from both Stephen Harper and Thomas Mulcair. Mr. Harper's growth record is the worst of any prime minister in eight decades. There are 160,000 more jobless Canadians today than before he took office. And Mr. Mulcair has strangely sided with the Harper austerity agenda, meaning billions of dollars in program cuts and/or broken promises to concoct the appearance of a balanced budget next year. The Mulcair plan and the Harper plan are formulae for going nowhere. Justin Trudeau is offering the only agenda for real change.
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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.
A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financial health demonstrates it's not all doom and gloom. ...
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TORONTO — Concerns about the prolonged decline in the value of crude have left a dark cloud hanging over the banks, but the chief executive of Scotiabank is stressing the positive impacts of oil price...
China's staggering economic growth has been, in many ways, a boon for Canada. Put simply, China need lots of the things we have to offer like wood, metals, and potash. It also has a voracious appet...
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This is a rather short list of the shortfalls of Harper and the disgrace he brings to our country and I urge everyone to fully research candidates and get out and VOTE. I think the newest campaign launched by our veterans says it best when they say ABC: Anyone but Conservative
CALGARY — Commodity prices are tanking and they're bringing Canadian markets down with them, but experts say some provinces will be feeling the pinch more than others. "It'll feel like a recession dep...
The possibility of neither the Conservatives nor the Liberals winning the Oct. 19 federal election could be a negative for equity markets, according to a commentary issued by CIBC.
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There was a very telling disconnect earlier this week between what passes for priorities inside the Ottawa bubble and the issues that really matter to Canadians. While federal leaders and backroom organizers debated the debates, Canadians were still stuck in traffic. They still worried about finding a home they could afford. They still faced the frustration of trying to be globally competitive with inadequate and aging infrastructure. These issues are critical to the quality of life of Canadians and they need to be front and centre in this election campaign.
Canada's economic contraction accelerated in May, shrinking 0.2 per cent on the month, Statistics Canada said Friday. That marks the fifth straight month that the economy has shrunk, with every month...
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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 boost in the polls. But there probably won't be a...
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.