Though the idea was coined by English philosopher Thomas More in his novel Utopia in 1516, several countries — including Canada — are considering how it would work in practice today Liam Wilkinson, public relations strategist at UBI Works The pandemic has laid bare economic trends that have been ignored for far too long. Canadians […]
An International Monetary Fund report recently released advises the Canadian government to do a broader review of its employment insurance system to address gaps in eligibility after the Canada Emergency Response Benefit ended. “The crisis exposed gaps in Canada’s social safety net that should be addressed,” said the report. “The lessons from the crisis represent an excellent opportunity to review the EI system.” According to the […]
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 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 […]
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 […]