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Canadian economy News

Federal government to review Canopy, Constellation deal

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.

Canadian economy declines by 1.6 percent in second quarter

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.

International Monetary Fund lowers Canadian GDP forecast

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.

OECD lowers growth outlook for Canadian economy

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.

International Monetary Fund projects lower GDP growth for Canada

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.

Bank of Canada leaves lending rate at 0.75 per cent

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.

IMF slightly reduces growth outlook for Canada this year and next

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.

OECD cuts growth rate outlook for Canadian economy

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.

Op-Ed: Loonie dives after Bank of Canada rate cut

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.

Op-Ed: Bank of Canada surprises with lower interest rate

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.

Canadian loonie falls against U.S. dollar; unemployment up

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.

Canada's economy is barely growing

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.

Canadian economy slips on dismal retail report

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.

Canada loses 21,900 jobs in January of 2013

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

Canadian Prime Minister to skip World Economic Forum

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.

Canada's unemployment rate declines as job numbers increase

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.

Canadian economic growth slows in third quarter

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.

Consumer debt in Canada at eight-year high

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.

Report says optimism plateaus among executive Canadian CAs

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

Canadian employment rate flat-lines

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.

PETA's New Campaign Targets Canadian Maple Syrup

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.

Op-Ed: In Answer To Harper’s Prorogued Economic Dilemma

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

How Low Can We Go?

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?

Canadian Economy Coping With China Syndrome

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".

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