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The Toronto Stock Exchange posted a solid, double-digit gain Wednesday, but it wasn't nearly enough to make up for the sharp drop of the previous session.
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.
For the past few years, Canadians have been taking advantage of our dollar being worth about the same as the U.S. dollar. From buying up real estate to cross-border shopping, being on par with the U.S. dollar has had its advantages. However, in the last few months, economic factors have driven the Canadian dollar down. It may be time to regroup and look at some strategies to make the weakening dollar work for you.
Canada met the technical definition of a recession — two quarters of negative growth — in the first half of this year, numbers from StatsCan confirmed on Tuesday. But many economists are looking at th...
"This confirms the renewed growth that most had been predicting.''
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,...
Says an NDP candidate: "Stephen Harper and Joe Oliver’s plan for the economy for our finances and for our country has failed."
The escalator stops working at one point, but he fixes it.
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.
TORONTO — The Toronto Stock Exchange fell by triple digits on Tuesday as markets around the world dipped and new data confirmed Canada fell into recession in the first six months of the year. The S&P/...
Conservative candidate Jason Kenney laid the groundwork for a broader definition of "recession" just a few short days before GDP numbers for the second quarter of 2015 are set to be released. "Most e...
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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.
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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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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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Canadians are stuck with $158-billion in new Harper debt -- without much to show for it. There are 160,000 more jobless Canadians today than before Stephen Harper took power. Job quality is at a 25-year low. Household debt is near a record high. Canada's trade deficit this year has topped $13-billion. The Liberal legacy was a decade of balanced budgets, average annual economic growth over three per cent, consistent trade surpluses every month of every year, 3.4-million net new jobs, lower debt, lower taxes, record high Transfer Payments to the provinces. That's what Mr. Harper inherited in 2006. But Mr. Harper blew it.
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Is Canada in a recession? So far, the messages are mixed. But there's little doubt the economy is slowing down, and many people are wondering about their job security. Money columnist Rubina Ahmed-Ha...
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Canada may be in the midst of a "technical recession," as economists like to call it (we won't know for sure until StatsCan's GDP release in September), but the housing market is showing no signs of i...
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...
Canada’s economy shrank in the first four months of the year, but the evidence does not show a recession and it’s “too soon to declare a downturn,” according to a poll of 12 prominent economists on a...
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A Conservative-dominated parliamentary committee voted against a process Monday that would have likely called on Finance Minister Joe Oliver to testify in public about the state of Canada's finan...
Last week, the parliamentary budget office released an analysis that showed Ottawa was headed for a $1-billion shortfall in 2015-16.
A majority of Canadians isn't buying Finance Minister Joe Oliver’s assertions that Canada has avoided a recession. Fifty-eight per cent of respondents in a new poll from Forum Research say Canada is i...
How far has Canada's economic star fallen? Only recently Prime Minister Stephen Harper boasted that Canada's economy was "the envy of the entire world." That claim was always overstated. Now it is downright ludicrous. We must look to government for a more effective response to the recession. Unfortunately, however, that looks like another policy dead-end. Because so far the response of federal Conservatives has been as ineffectual as it is predictable: deny, point fingers, and spread fear.
Oliver says such a policy is "not on the table" because 90,000 jobs have been created this year.
Listening to Stephen Harper talk about the economy, you get the distinct impression that someone else entirely must have been running the country for the past 10 years. Since 2006, Canada has been stuck with the weakest economic growth record in eight decades.
OTTAWA - The pace of new housing starts picked up in June and came in better than expected, defying a recent trend of disappointing economic news.Canada Mortgage and Housing Corp.'s seasonally adjuste...
VANCOUVER - Finance Minister Joe Oliver is tempering his optimistic outlook on the country's economy, saying it's too early to tell whether Canada has slumped into a recession."The numbers aren't out...
Finance Minister Joe Oliver denied it on Friday, but a growing number of economic analysts now say Canada is in a recession. The country's economy likely shrank at an annual rate of 0.6 per cent in th...
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Bank of America Merrill Lynch has become the first bank to call for a Canadian recession this year. Economist Emanuella Enenajor and her team now say that Canada’s economy will shrink by 0.6 per cent...
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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...
The collapse in oil prices has evidently shaken Canadians’ faith in the economy, and public attitudes are the most sour they have been since the Great Recession, a new survey says. The survey carried...