macroeconomy – Benefits Canada.com

Bank of Canada deputy warns of long lasting pandemic ‘scars’ on economy

mschmit — Mon, 16 Nov 2020 04:40:08 +0000

The second-in-command at the Bank of Canada is warning that economic “scars” from the coronavirus pandemic could become permanent without concerted effort from all Canadians. The pandemic remains an important day-to-day concern for governments and policy-makers, but more discussion and preparation for the post-pandemic recovery needs to take place, said senior deputy governor Carolyn Wilkins, […]

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Four trends to watch in China through the recovery

mschmit — Tue, 08 Sep 2020 04:37:40 +0000

In China, keeping the novel coronavirus under control is key to maintaining the economic recovery, and there are reasons to be optimistic, despite a breakdown in U.S.-China relations. In the last two weeks of August, there were a total of only 187 new coronavirus cases in China, and none of those were the result of […]

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Coronavirus to leave some lasting economic damage, Bank of Canada chief says

mschmit — Tue, 23 Jun 2020 02:59:26 +0000

The coronavirus pandemic will leave some long-term economic damage that will only become clearer as the country moves further along a “prolonged and bumpy” course to recovery, Canada’s top central banker says. In his first speech as governor, Tiff Macklem said the central bank expects to see growth in the third quarter of this year […]

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