Canada Emergency Response Benefit – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 19 Nov 2024 20:00:16 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canadian economy posted record drop in second quarter due to pandemic https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/ https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/#respond Mon, 31 Aug 2020 04:13:04 +0000 https://cumulus.benefitscanada.com/uncategorized/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/ The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. Statistics Canada said Friday real gross domestic product contracted at an annualized rate of 38.7 per cent for the quarter, the worst posting […]

The post Canadian economy posted record drop in second quarter due to pandemic appeared first on Benefits Canada.com.

]]> https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/feed/ 0 Bank of Canada survey says business hiring plans remain muted due to pandemic https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-survey-says-business-hiring-plans-remain-muted-due-to-pandemic/ https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-survey-says-business-hiring-plans-remain-muted-due-to-pandemic/#respond Tue, 07 Jul 2020 04:25:04 +0000 https://cumulus.benefitscanada.com/uncategorized/bank-of-canada-survey-says-business-hiring-plans-remain-muted-due-to-pandemic/ The Bank of Canada’s latest review of business and consumer expectations has revealed how widespread uncertainty is muting rehiring and purchasing plans, published days before a federal update gives the Liberals’ outlook for the economy. The central bank’s business outlook survey suggested about half of firms foresee a rebound in their sales within the next […]

The post Bank of Canada survey says business hiring plans remain muted due to pandemic appeared first on Benefits Canada.com.

]]> https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-survey-says-business-hiring-plans-remain-muted-due-to-pandemic/feed/ 0 Bank of Canada keeps key rate target on hold, expects return to growth in Q3 https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-keeps-key-rate-target-on-hold-expects-return-to-growth-in-q3/ https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-keeps-key-rate-target-on-hold-expects-return-to-growth-in-q3/#respond Thu, 04 Jun 2020 04:18:45 +0000 https://cumulus.benefitscanada.com/uncategorized/bank-of-canada-keeps-key-rate-target-on-hold-expects-return-to-growth-in-q3/ The economy appears to have avoided a worst-case scenario due to the coronavirus pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for the overnight rate unchanged at 0.25 per cent, which it has said is as low as it […]

The post Bank of Canada keeps key rate target on hold, expects return to growth in Q3 appeared first on Benefits Canada.com.

]]> https://www.benefitscanada.com/canadian-investment-review/research-markets/bank-of-canada-keeps-key-rate-target-on-hold-expects-return-to-growth-in-q3/feed/ 0 Statistics Canada says first quarter GDP worst showing since 2009 https://www.benefitscanada.com/canadian-investment-review/cir-news/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/ https://www.benefitscanada.com/canadian-investment-review/cir-news/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/#respond Mon, 01 Jun 2020 04:48:59 +0000 https://cumulus.benefitscanada.com/uncategorized/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/ Canada’s economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to the novel coronavirus, Statistics Canada said Friday, warning an even steeper drop may be coming. Gross domestic product fell at an annualized rate of 8.2 per cent in the first quarter, including a 7.2-per-cent drop in March […]

The post Statistics Canada says first quarter GDP worst showing since 2009 appeared first on Benefits Canada.com.

]]> https://www.benefitscanada.com/canadian-investment-review/cir-news/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/feed/ 0