economy

In this photo provided by the New York Stock Exchange, traders work on the floor, Monday Feb. 22, 2021. THE CANADIAN PRESS/AP-(Courtney Crow/New York Stock Exchange via AP

Holding on during stock market roller-coaster was key to success, experts say

Now, stock indexes have gone on to set record highs — the S&P 500 closed above 4,000 points

 

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

Better-than-expected Jan. growth a good sign for pandemic’s third wave: economists

The shadow hanging over the economy now is COVID-19 and its variants that are pushing up caseloads

 

People wear masks as they walk past closed storefronts downtown as COVID-19 continues to take an economic toll Thursday, March 18, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Hardest hit businesses call for extension of federal wage, rent subsidies

Just 12 per cent said they have sufficient internal resources to stay afloat

 

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang

Statistics Canada says annual pace of inflation edges up in February to 1.1%

Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang
Stephen Poloz arrives before a press conference on economic support for Canadians impacted by COVID-19, at West Block on Parliament Hill in Ottawa, on Wednesday, March 18, 2020.THE CANADIAN PRESS/Justin Tang

The Bank of Canada slashed its key rate one year ago. This is how it happened.

Stephen Poloz recalls trying to douse the economic flames caused by the pandemic

Stephen Poloz arrives before a press conference on economic support for Canadians impacted by COVID-19, at West Block on Parliament Hill in Ottawa, on Wednesday, March 18, 2020.THE CANADIAN PRESS/Justin Tang
Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trend-setting rate. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold at 0.25 per cent

Bank points to new, more transmissible variants of COVID-19 as the biggest risk to an economic recovery

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trend-setting rate. THE CANADIAN PRESS/Sean Kilpatrick
Canadian and American flags fly near the Ambassador Bridge at the Canada-USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. The Organization for Economic Co-operation and Development says the Canadian economy could benefit from a faster economic rebound in the United States this year. THE CANADIAN PRESS/Rob Gurdebeke

Canada to benefit from U.S. rebound, says OECD

Report says Canada’s economy is expected to grow 4.7% this year, while the U.S. is slated to grow 6.5%

Canadian and American flags fly near the Ambassador Bridge at the Canada-USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. The Organization for Economic Co-operation and Development says the Canadian economy could benefit from a faster economic rebound in the United States this year. THE CANADIAN PRESS/Rob Gurdebeke
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

After worst year on record, Canada’s economy enters 2021 with double-digit growth

‘Lots of small businesses may have had to shut down… but a lot of other areas did manage to keep grinding through’

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

Canadian economy contracted 5.4 per cent in 2020, worst year on record

Drop was largely due to shutdowns in the spring as COVID began to spread

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan
North Island-Powell River MP Rachel Blaney. (Campbell River Mirror photo)

MP Blaney invites feds to establish B.C.’s economic development agency on Vancouver Island

Citing the recent economic challenges faced by her riding, the MP says there’s no region more fitting of this mandate

North Island-Powell River MP Rachel Blaney. (Campbell River Mirror photo)
Selina Robinson B.C’s finance minister, says she’s encouraged by predictions that British Columbia’s economy will rebound this year and next. THE CANADIAN PRESS/Darryl Dyck

Economists predict slight rebound and moderate growth for B.C. economy in 2021

B.C. on track for real GDP growth of 4.7% this year and 4.3% next year, before growth slows

Selina Robinson B.C’s finance minister, says she’s encouraged by predictions that British Columbia’s economy will rebound this year and next. THE CANADIAN PRESS/Darryl Dyck
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has Canadians day trading. THE CANADIAN PRESS/Jesse Johnston

Overheated stock market at risk of bubble in a disconnect from economy, experts say

Canada’s unemployment rate climbed to 9.6 per cent in January as 212,800 jobs were erased that month

A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has Canadians day trading. THE CANADIAN PRESS/Jesse Johnston
British Columbia’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. British Columbia’s financial outlook is being hammered by the COVID-19 pandemic, but the provincial government says a partial recovery is on the horizon next year.THE CANADIAN PRESS/Adrian Wyld

Targeted cash, social supports would be more effective than basic income: UBC panel

The panel made 65 recommendations for various policy changes

British Columbia’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. British Columbia’s financial outlook is being hammered by the COVID-19 pandemic, but the provincial government says a partial recovery is on the horizon next year.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 December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold at 0.25%

The central bank is citing the economic conditions and ongoing uncertainty

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Pandemic job concerns could pose problem in long-term, Bank of Canada says

Lockdowns in the spring of 2020 led to a historic drop in employment with about three million jobs lost

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
Royal Bank president David McKay speaks at the banks annual meeting in Toronto on April 6, 2017. McKay says it’ll take a few million people in the country getting vaccinating to get the country on track for an economic rebound. THE CANADIAN PRESS/Frank Gunn

At least 4 million Canadians need vaccines for country to look at reopening economy: RBC

McKay says government relief will have to continue and become focused on areas of the economy

Royal Bank president David McKay speaks at the banks annual meeting in Toronto on April 6, 2017. McKay says it’ll take a few million people in the country getting vaccinating to get the country on track for an economic rebound. THE CANADIAN PRESS/Frank Gunn
Office towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but was still more than 200 times the average worker compensation.THE CANADIAN PRESS/Adrien Veczan

Top CEO pay in 2019 fell, but still more than 200 times average workers: CCPA report

The average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018

Office towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but was still more than 200 times the average worker compensation.THE CANADIAN PRESS/Adrien Veczan
Nineteen salmon farms in the Discovery Islands have been given 18 months to vacate, causing shock and uncertainty in the industry. (Photo courtesy Grieg Seafood BC)

Canada ‘stole Christmas’ says Vancouver Island’s aquaculture industry

Federal decision to phase out 19 Discovery Island fish farms has sent shivers across northern Vancouver Island

Nineteen salmon farms in the Discovery Islands have been given 18 months to vacate, causing shock and uncertainty in the industry. (Photo courtesy Grieg Seafood BC)
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

Statistics Canada reports economy grew 0.4 per cent in October

The increase followed growth of 0.8 per cent in September

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan