economy

Children’s backpacks and shoes are seen at a daycare in Langley, B.C., on Tuesday May 29, 2018. THE CANADIAN PRESS/Darryl Dyck

National child-care system would boost women’s job numbers and economy, report says

Liberals have promised to make a long-term spending commitment to create a national child-care system

 

Dan Kelly, President of the Canadian Federation of Independent Business (CFIB) speaks in Toronto on Thursday, September 11 2014. he Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they’re scheduled to rise. THE CANADIAN PRESS/Chris Young

CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

CFIB says employees could see their take-home pay fall when their CPP premiums go up

 

A woman pushes a baby stroller through a gentle snow fall on a sidewalk just below Parliament Hill in Ottawa Saturday, January 8, 2011. A new report from Royal Bank of Canada says more than 20,000 women left Canada’s workforce between February and October, but about triple the number of men joined it. THE CANADIAN PRESS/Fred Chartrand

Women leaving workforce faster than men, childcare playing big role in exodus: study

The study warns that this pattern could slow down the economic recovery

 

MNP senior economist Susan Mowbray presents the State of the Island Economic Report on Thursday night to conclude the Vancouver Island Economic Alliance’s virtual summit. (VIEA image)

Not-so-rosy State of the Island report caps off virtual summit

Vancouver Island Economic Alliance’s summit took place online Oct. 27-29

MNP senior economist Susan Mowbray presents the State of the Island Economic Report on Thursday night to conclude the Vancouver Island Economic Alliance’s virtual summit. (VIEA image)
A traffic light on Bay Street in Canada’s financial district is shown in Toronto on Wednesday, March 18, 2020. A new report says a culture of inequality continues to persist in Canada’s capital markets and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+. THE CANADIAN PRESS/Nathan Denette

Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

Study revealed that Black women were the least likely to say they were treated equally by firm and manager

A traffic light on Bay Street in Canada’s financial district is shown in Toronto on Wednesday, March 18, 2020. A new report says a culture of inequality continues to persist in Canada’s capital markets and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+. THE CANADIAN PRESS/Nathan Denette
FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions over the next year, but many hiring plans remain muted over COVID-19-related uncertainty. THE CANADIAN PRESS/Adrian Wyld

Companies have modest hiring plans, low wage growth expectations, Bank of Canada says

The survey also finds that wage growth is widely expected to slow over the next year

FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions over the next year, but many hiring plans remain muted over COVID-19-related uncertainty. THE CANADIAN PRESS/Adrian Wyld
Nickey Miller, left, and Josie Rudderham, co-owners of Cake and Loaf in Hamilton, Ont., pose outside of their Dundurn Street South storefront location, Monday, October 5, 2020. THE CANADIAN PRESS/Tara Walton

For small businesses that survive COVID, recovery is expected to be difficult

CFIB wants the government to help small business owners recover by suspending evictions

Nickey Miller, left, and Josie Rudderham, co-owners of Cake and Loaf in Hamilton, Ont., pose outside of their Dundurn Street South storefront location, Monday, October 5, 2020. THE CANADIAN PRESS/Tara Walton
The study conducted for BC Council of Forest Industries found that more than 340 communities and 120 Indigenous Nations and organizations of all sizes benefited economically from the forest industry supply chain . (Black Press file photo)

B.C. forest industry bought $7 billion worth goods and services from local suppliers: study

On Vancouver Island, $1.2 billion worth of goods and services were purchased from 1,600 suppliers, most from Nanaimo and Campbell River

The study conducted for BC Council of Forest Industries found that more than 340 communities and 120 Indigenous Nations and organizations of all sizes benefited economically from the forest industry supply chain . (Black Press file photo)
A new report says COVID-19 has widened the gap between the haves and have-nots in Canada, amplifying the economic disparities that existed pre-pandemic. Pandora Avenue where over a hundred homeless people are temporarily living in tents and on the street as the city continues to monitor the COVID-19 pandemic in Victoria, B.C., on Wednesday, March 25, 2020. THE CANADIAN PRESS/Chad Hipolito

Rich get richer, poor poorer: Report says pandemic intensified economic disparities

Many households reported being just hundreds of dollars away from bankruptcy

A new report says COVID-19 has widened the gap between the haves and have-nots in Canada, amplifying the economic disparities that existed pre-pandemic. Pandora Avenue where over a hundred homeless people are temporarily living in tents and on the street as the city continues to monitor the COVID-19 pandemic in Victoria, B.C., on Wednesday, March 25, 2020. THE CANADIAN PRESS/Chad Hipolito
A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Indebted Canadian businesses more ‘fragile’ than during 1st wave, BDC economist warns

The study said 87 per cent of entrepreneurs are confident they will make it through the crisis

A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
Pedestrians walk past a Deloitte sign in downtown Ottawa on Tuesday, September 20, 2011. THE CANADIAN PRESS/Sean Kilpatrick

Hiring marginalized workers could jump-start economy, boost incomes by $5K: Deloitte

The report, which looks to predict Canada’s economy in 2030, suggests that the country will need more workers

Pedestrians walk past a Deloitte sign in downtown Ottawa on Tuesday, September 20, 2011. THE CANADIAN PRESS/Sean Kilpatrick
Premier John Horgan and Minister of Finance Carole James announce B.C.’s Economic Recovery Plan during a press conference at Phillips Brewery in Victoria, B.C., on Thursday September 17, 2020. THE CANADIAN PRESS/Chad Hipolito

B.C.’s COVID-19 economic recovery plan: Top 5 things you need to know

Jobs training, tax incentives for employers to hire staff and more

Premier John Horgan and Minister of Finance Carole James announce B.C.’s Economic Recovery Plan during a press conference at Phillips Brewery in Victoria, B.C., on Thursday September 17, 2020. THE CANADIAN PRESS/Chad Hipolito
FILE – Premier John Horgan is joined by Finance Minister Carole James during a press conference at Legislature in Victoria, B.C., on Wednesday, May 15, 2019. The British Columbia government is expected to reveal how it plans to stimulate an economic rebound from the COVID-19 pandemic today. Horgan and James are scheduled to release details of the $1.5-billion economic recovery plan this afternoon. THE CANADIAN PRESS/Chad Hipolito

B.C. releases details of $1.5B economic recovery plan, $660M in business tax incentives

Economic plan includes support for employers, as well as training for workers

FILE – Premier John Horgan is joined by Finance Minister Carole James during a press conference at Legislature in Victoria, B.C., on Wednesday, May 15, 2019. The British Columbia government is expected to reveal how it plans to stimulate an economic rebound from the COVID-19 pandemic today. Horgan and James are scheduled to release details of the $1.5-billion economic recovery plan this afternoon. THE CANADIAN PRESS/Chad Hipolito
A woman walks past the Bank of Canada building, in Ottawa, Wednesday, Sept. 6, 2017. The Bank of Canada will say this morning what it will do with its key interest rate at a time when there is very little economic drama for the first time in years. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada keeps key interest rate target on hold but warns of ‘slow, choppy’ recovery

The bank says its key rate will stay at near-zero until economic slack is absorbed

A woman walks past the Bank of Canada building, in Ottawa, Wednesday, Sept. 6, 2017. The Bank of Canada will say this morning what it will do with its key interest rate at a time when there is very little economic drama for the first time in years. THE CANADIAN PRESS/Adrian Wyld
Canada’s economic optimism crippled by pandemic, Pew poll suggests

Canada’s economic optimism crippled by pandemic, Pew poll suggests

The Pew report documents an unsurprisingly dismal outlook for the world’s economic prospects

Canada’s economic optimism crippled by pandemic, Pew poll suggests
A worker installs parts on the production line at Chrysler’s plant, in Windsor, Ont., on January 18, 2011. Statistics Canada says the country’s merchandise trade deficit was $2.45 billion in July as both imports and exports continued to post strong gains, but remained below pre-pandemic levels. THE CANADIAN PRESS/Geoff Robins

Statistics Canada says merchandise trade deficit $2.45 billion in July

Motor vehicles and parts helped boost both imports and exports in July

A worker installs parts on the production line at Chrysler’s plant, in Windsor, Ont., on January 18, 2011. Statistics Canada says the country’s merchandise trade deficit was $2.45 billion in July as both imports and exports continued to post strong gains, but remained below pre-pandemic levels. THE CANADIAN PRESS/Geoff Robins
Prime Minister Justin Trudeau listens to a question as he speaks with media following an announcement in Brockville, Ont., Friday, Aug. 21, 2020. THE CANADIAN PRESS/Adrian Wyld

Trudeau considered best to manage pandemic, revive economy, poll suggests

Poll suggests O’Toole is an unknown quantity for a majority of Canadians at this point

Prime Minister Justin Trudeau listens to a question as he speaks with media following an announcement in Brockville, Ont., Friday, Aug. 21, 2020. THE CANADIAN PRESS/Adrian Wyld
People are seen at Richmond Centre shopping mall with most wearing face masks, in Richmond, B.C., on Monday, July 20, 2020. The Conference Board of Canada suggested on Monday that economic recovery from the COVID-19 pandemic will take longer than originally expected, with British Columbia among the provinces that is best positioned to rebound. THE CANADIAN PRESS/Darryl Dyck

B.C. could shine amid Canada’s slow economic recovery: Conference Board

Restoring travel levels will be key for other provinces as well

People are seen at Richmond Centre shopping mall with most wearing face masks, in Richmond, B.C., on Monday, July 20, 2020. The Conference Board of Canada suggested on Monday that economic recovery from the COVID-19 pandemic will take longer than originally expected, with British Columbia among the provinces that is best positioned to rebound. THE CANADIAN PRESS/Darryl Dyck
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada will say today what the country’s inflation barometer read in July. THE CANADIAN PRESS/Sean Kilpatrick

Inflation rate falls to 0.1 per cent as price growth slows, StatCan reports

Statistics Canada says air travel prices fell in July by 8.6 per cent

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada will say today what the country’s inflation barometer read in July. THE CANADIAN PRESS/Sean Kilpatrick
tatistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Statistics Canada says annual inflation rose 0.7% in June as pandemic restrictions eased

Uptick follows two months of negative inflation due to pandemic

tatistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick