The economy exceeded low expectations to grow at an annual rate of 0.8% in the final three months of 2015, Statistics Canada said Tuesday. A consensus of economists had predicted real GDP for the fourth quarter to produce a flat reading, according to Thomson Reuters. While the latest report on real gross domestic product beat […]
Five ways tumbling oil prices and the sliding loonie can affect the federal government’s bottom line: 1. The biggest impact from falling oil prices is the fact they chew into Canada’s nominal gross domestic product (the country’s economic output before adjustments for inflation). That, in turn, erodes federal revenues. The Finance Department views nominal GDP […]
The hiring and investment intentions of Canadian companies have fallen to their lowest levels since the 2009 recession, a new survey has found. The country’s businesses see a darker road in 2016 as firms continue to battle the bite of a commodity-price shock that has reached beyond the resource sector, according to the Bank of […]
The Canadian labour force received a boost of 22,800 net jobs last month, thanks to a big gain in part-time work, Statistics Canada said Friday. The federal agency’s latest jobs survey found that positions in the more-desirable category of full-time employment actually fell in December by 6,400. The economy added 29,200 part-time jobs last month. […]
A federal-provincial gathering of finance ministers reached rare consensus Monday on the polarizing subject of Canada Pension Plan (CPP) reform—they agreed to keep debating it. Federal Finance Minister Bill Morneau emerged from two days of discussions with his provincial and territorial counterparts to explain that the group will reconvene midway through 2016 to continue their […]
Canadian households will close out 2015 carrying thicker layers of debt after worrisome gains over the past 12 months—extra padding that’s expected to get even fatter in the new year. But even with the borrowing binges, many experts still believe the finances of most Canadians remain in decent shape. This assessment comes as the country […]
Provincial and territorial finance ministers are sitting down today with federal counterpart Bill Morneau in Ottawa to discuss expanding the Canada Pension Plan (CPP) as well as economic challenges. The ministers hope to learn more about federal Liberal government’s election promises, many of which touch on a broad range of issues likely to affect the […]