Canadian economy News

A deal that could see U.S.-based alcohol giant Constellation Brands Inc. take a majority ownership stake in Canada's leading cannabis producer Canopy Growth Corp., will be reviewed by the federal government.

Ottawa - In contrast to the first quarter when the Canadian economy grew by an annual rate of 2.5 percent the second quarter turned in a dismal performance with a decline of 1.6 percent at an annualized rate.

Ottawa - Although the Canadian economy had a fast start this year the International Monetary Fund(IMF) has reduced its growth forecast. The IMF cited continuing damage to the energy sector and lower expected growth globally as reasons for the reduced prospects.

Paris - The Organization for Economic Co-operation and Development (OECD) has predicted a lower growth rate in Canada. From a 2 percent growth rate predicted earlier, the OECD now predicts a rate of only 1.4 percent.

Ottawa - The International Monetary Fund (IMF) now predicts a lower growth rate for Canada in 2015. Last month the Organization for Economic Cooperation and Development (OECD) also predicted lower growth rates for Canada this year.

Ottawa - The Bank of Canada announced that it will be maintaining the overnight interest rate at a low 0.75. The bank rate will be one per cent and the rate on deposits 0.50 per cent.

Ottawa - The International Monetary Fund(IMF) has slightly reduced its forecast for Canadian economic growth both for this year and next. Reduction in oil prices is partly responsible for the reduction in the growth outlook.

Ottawa - The Organization for Economic Cooperation and Development(OECD) has cuts it growth rate prediction for Canada in both this year and also in 2016.

Ottawa - After Canada's central bank, the Bank of Canada, cut the bank rate from 1.0 percent to .75 percent, the Canadian dollar, the loonie, fell to its lowest level against the US dollar since 2011.

Ottawa - In a surprise move, Canada's central bank, the Bank of Canada, reduced the overnight lending rate by a quarter of a percentage point. The reason given was the threat to the economy of plunging oil prices.

After achieving parity with the US dollar last year, the Canadian loonie has lost value precipitously. By the end of Friday the Canadian dollar exchanged at a rate of .93 against the American dollar.

Ottawa - The prospect for the Canadian economy appears to be continued but very weak growth. Growth in the Canadian economy depends considerably on exports to the US and Europe. Growth is slow in the US and the situation is still even less favorable in Europe.

Ottawa - Early last year the Canadian government and the Conference Board of Canada forecast with loquacious swagger a strong performance for the 2012 Canadian economy - which was exactly wrong.

Ottawa - During January, the Canadian economy shed 21,900 jobs after two months of increases. The loss was largest in education and manufacturing jobs.

Ottawa - Last year Canadian Prime Minister Stephen Harper criticized U.S. and European economies from the World Economic Forum in Davos, Switzerland. At that time, Harper utilized the event to boast of Canada’s speedy recovery and fiscal prowess.

Ottawa - Although economists predicted that Canada would produce about 5,000 new jobs in December, the actual number came in at 40,000. Ontario alone generated 30,000 new jobs.

Ottawa - In the July-September, third quarter, Canada suffered the largest drop in exports in three years. The economy grew at a 0.6% annual rate compared to 1.7% in the first two quarters.

Ottawa - Officials have been warning Canadians to cut back on borrowing as consumer debt levels rose but a report issued by TransUnion today (August 23) shows debt is at record levels.

According to the CICA/RBC Business Monitor, optimism has plateaued about Canadian economy with 57 percent of respondents optimistic about the economy.

Statistics Canada released its unemployment figures for December showing no overall gains in job creation. The unexpected news of job losses has caused downward pressure on the Canadian dollar.

In what is sure to be a controversial campaign, the animal rights organization People for the Ethical Treatment of Animals (PETA) is taking aim at the Canadian maple syrup industry to increase pressure on the Canadian Government to abolish the seal hunt.

Michael Ignatieff recently flexed some artificially inflated coalition muscles, sending a warning to Stephen Harper who awaits return from a prorogued Parliament.

As the United States hovers on economic disaster are those to the North in as much danger? As the stock market dangles close to a world wide free fall is there anywhere that's safe from a United States recession?

As China seems to weigh more and more in the global scale, it appears it also plays a role in the Canadian economy. A Statistics Canada study released today says the recent changes in the country's economy show signs of "the China Syndrome".