economy

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

 

Prime Minister Justin Trudeau, left, arrives with Deputy Prime Minister and Minister of Finance Chrystia Freeland as she prepares to table the federal budget in the House of Commons in Ottawa, on Monday, April 19, 2021. THE CANADIAN PRESS/Justin Tang

Liberals to face pressure to move quickly on fiscal plan as fourth wave hits economy

Analyst: Liberals are unlikely to start reining in spending with the pandemic ongoing

 

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

Statistics Canada says economy contracted in second quarter of year

Agency said the drop was drive by declines in home resale activity, exports

 

Shell Canada President Susannah Pierce poses in this undated handout photo. The oil and gas sector is simply “not as attractive as it once was” to today’s young people, Pierce says. THE CANADIAN PRESS/HO, Shell Canada *MANDATORY CREDIT*

Top CEOs urge diversification as Alberta grapples to find its place in changing world

Alberta’s long-term unemployment rate is 2.4 per cent, higher than the national average of 1.4 per cent

Shell Canada President Susannah Pierce poses in this undated handout photo. The oil and gas sector is simply “not as attractive as it once was” to today’s young people, Pierce says. THE CANADIAN PRESS/HO, Shell Canada *MANDATORY CREDIT*
(Unsplash photo)

Survey says: 1 in 3 Canadians are looking to cash in on a side hustle

24% of respondents consider direct selling a realistic option to make more money

(Unsplash photo)
Bank buildings are photographed in Toronto’s financial district on Wednesday, June 27, 2018. Canadian banks are emerging from the pandemic flush with cash, but analysts say they’ll be looking at financial results out this week for hints of how the sector is transitioning towards more business as usual. THE CANADIAN PRESS/ Tijana Martin

Big Canadian banks set to release earnings as economy shifts to reopening

Loan growth will be a key area to watch as the economy reopen

Bank buildings are photographed in Toronto’s financial district on Wednesday, June 27, 2018. Canadian banks are emerging from the pandemic flush with cash, but analysts say they’ll be looking at financial results out this week for hints of how the sector is transitioning towards more business as usual. THE CANADIAN PRESS/ Tijana Martin
Statistics Canada says retail sales rose 4.2 per cent to $56.2 billion in June as public health restrictions were eased in many parts of the country. Shoppers are shown at West Edmonton Mall in Edmonton on Wednesday, December 9, 2020. THE CANADIAN PRESS/Amber Bracken

Statistics Canada says retail sales gained 4.2% in June as restrictions eased

Sales at general merchandise stores rose 7.4 per cent, while motor vehicle and parts dealers gained 2.7 per cent

Statistics Canada says retail sales rose 4.2 per cent to $56.2 billion in June as public health restrictions were eased in many parts of the country. Shoppers are shown at West Edmonton Mall in Edmonton on Wednesday, December 9, 2020. THE CANADIAN PRESS/Amber Bracken
A new federal focus on Greater Victoria’s economic development is expected in the coming years after the Government of Canada announced a new B.C.-focused agency Aug. 5, with one of its regional offices in Victoria. (Black Press Media file photo)

New economic development agency promises federal focus on Victoria

PacifiCan replacing Western Economic Diversification Canada in B.C. with nine offices

A new federal focus on Greater Victoria’s economic development is expected in the coming years after the Government of Canada announced a new B.C.-focused agency Aug. 5, with one of its regional offices in Victoria. (Black Press Media file photo)
B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)

Victoria-based company nets record return for B.C. pension investment in pandemic year

B.C. Investment Management Corporation gained 16.5 per cent in 2020 for civil service pension plan

B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)
FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Women, BIPOC Canadians must remain focused as economy recovers from COVID: report

People who bore the brunt of pandemic restrictions must be taken into account

FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada will act to cool inflation if prices run too hot, Macklem says

The central bank forecast inflation will run above 3 per cent this year

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada cuts growth forecast for 2021, reduces bond-buying target

Bank now expects growth of 4.6 per cent in 2022, up from its earlier forecast of 3.7 per cent

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang

Gen Z, millennials playing a significant part in the Great Resignation trend

One-third of employed generation Z and millennial professionals polled reported plans to pursue a new job

Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names Carolyn Rogers as new senior deputy governor

Rogers succeeds Carolyn Wilkins as the Bank of Canada’s second-in-command

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
(The Canadian Press)

IPOs booming as Canadian companies refuse to let crisis deter them from going public

TMX counted 158 new listings on the exchanges as of April, while all of last year had 300 and 2019 saw 273

(The Canadian Press)
A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck

Canada posts $1.4B trade deficit in May as imports rose and exports fell

Statistics Canada said Friday the result followed a revised surplus of $462 million in April

A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck
Canada’s Finance Minister Chrystia Freeland, is shown ahead of the G7 finance ministers meeting at Lancaster House in London, Friday June 4, 2021. THE CANADIAN PRESS/Steve Reigate/Pool via AP

Economic aid could be extended beyond the fall if recovery falters, Freeland says

As is, measures to extend business and unemployment benefits will be in place until the end of September

Canada’s Finance Minister Chrystia Freeland, is shown ahead of the G7 finance ministers meeting at Lancaster House in London, Friday June 4, 2021. THE CANADIAN PRESS/Steve Reigate/Pool via AP
Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang

Economy contracted 0.3% in April, biggest hit since early days of pandemic

Attention will now turn to June as experts expect a consumer-led recovery with restrictions rolling back

Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Growth in Canadian household wealth on track to slow down as economy reopens

‘I think households will be tempted to restart spending on things like dining out, clothing,’ says TD Bank economist Ksenia Bushmeneva

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Majority of economists expect Bank of Canada to stay put on interest rates: survey

The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared

The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld