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Tag Archives: economy

Canada’s Finance Minister admits economy in worse shape than Ottawa thought


HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

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U.S. economy expands even as wages stay flat: Fed Beige Book


The U.S. economy expanded across most of the country in the past six weeks as the job market showed strength that’s failing to stoke broad wage pressures, a Federal Reserve survey showed. The central bank’s Beige Book economic survey, which is based on reports from late November to early January …

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Deficit concerns heighten as economy teeters on the edge of another downfall


OTTAWA — It could be time to end the debate over the benefits of using monetary policy versus government fiscal muscle to stop the economy from going over the edge. How the Liberal 'revenue neutral' tax plan could cost billions and push top talent south The biggest hit will be …

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With economy at risk, Bank of Canada’s Stephen Poloz remains on dovish path


OTTAWA — A year ago this month, financial markets were shaken, and economists caught flat footed, by a shock cut in the Bank of Canada’s key interest rate — the first adjustment in any direction in more than four years. Calls growing for a Bank of Canada interest rate cut …

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Canada’s economy grows for first time in three months as factories rebound


Canada’s gross domestic product expanded for the first time in three months in November on a manufacturing and wholesaling rebound, a sign the economy is shaking off the damage from a drop in commodity prices. U.S. economic growth brakes sharply, rising only 0.7% as strong dollar weighs on exports Output …

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Why low oil prices may suddenly be a problem for the global economy


For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin. While all cheer Alberta’s royalty regime, this piece of the oilpatch is getting slaughtered Canadian oilfield services …

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A balanced budget by 2019/20 may be hard to come by if economy continues to struggle, Trudeau admits


OTTAWA — The Canadian government could find it hard to balance the budget by 2019/20 as promised if the economy continues to struggle, Prime Minister Justin Trudeau said in an interview published on Thursday. Trudeau, speaking to the French-language La Presse newspaper, also confirmed the budget deficit in the 2016/17 …

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Trudeau promotes spending to boost economy as economists warn of weak outlook


OTTAWA — Justin Trudeau is talking up the need for more federal spending to help the economy on a day experts are sharing their downgraded forecasts with his government. The prime minister says the country’s economic woes mean it’s more important than ever for the Liberal government to spend on …

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Canada’s second-hand economy worth $28 billion: report


Canada’s so-called “second-hand economy,” typified by sales of goods on consumer websites such as Kijiji and Craigslist, is worth $28 billion, according to a new report. “Canadians granted a second life to 24.9 million more products this year over last year, for a total of 1.85 billion objects,” according to …

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