Canadian Economy

How Is it That Norway Is Rich and We Are Not?

Alberta's economy is on the precipice of free-fall where Norwegians are able to look over the precipice and know that they are not going over it. How did this happen? The simple answer is that Norway decided to de-link its economy from oil revenues and Canada did not.
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What France Can Learn From Canada's Economy

France's economy saw only a weak rebound after 2009 with real GDP growth rates of about two per cent in both 2010 and 2011 before slowing to a crawl with only 0.3 per cent growth in 2012. In comparison, Canada positively raced ahead, experiencing real GDP growth of 3.4, 3.0 and 1.9 per cent in 2010, 2011 and 2012 respectively.
CP

TSX Has Its Worst Day In Years

TORONTO — The Toronto stock market plunged over 300 points Monday, registering its steepest one-day drop since April 2013, as energy stocks were pounded amid weak Chinese trade data and a report sugge...
CP

We Still Needs Economic Stimulus: BoC

TORONTO - Canada's struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, says Bank of Canada senior deputy governor Carolyn Wilkins.She said "persiste...

Are Exports Driving Our Economy?

OK, you're right -- this is really last week's news. But it is worth repeating. For a good many months now, economy watchers of many stripes have been looking to Canadian exporters to take the wheel a...
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Canada's Big Pharma Should Do What It Does Best

Back in 2012, things looked grim for Canada's Big Pharma industry. A significant number of the industry's high-earning products were about to lose their patent protection, and face replacement by low-margin generics. But Canada's pharma industry, the eighth largest in the world, maintained its levels of innovation as well as formulating an innovative and successful business strategy.
PC

Ottawa's Deficit Spending Needs to Stop

The federal government now appears once again poised to balance its budget after several years of deficit spending. A step backwards in the direction of borrowing and spending more would be a huge loss with little economic reward.
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IMF: U.S. A Drag On Canada's Economy

OTTAWA - The International Monetary Fund says Canada's economy will be a little weaker this year than previously projected, although it will continue to lead all nations in the Group of Seven but one....
CP

Businesses Losing Their Oomph

OTTAWA - The Bank of Canada says Canadian firms are confident about future prospects and the economy — although they are still not totally sold on a strong recovery and remain cautious about investmen...
CP

BoC Fears 'Downside Risks'

OTTAWA - The Bank of Canada is keeping its trend-setting interest rate at one per cent, saying economic conditions had worsened somewhat in the past few months and continued monetary stimulus remained...