On Thursday, the Bank of Canada released the results of one of it’s semi-annual assessments. The results? Canada’s financial system is still at risk – in fact, even more so than it was six months ago. They have suggested a… Read more »
November’s Labour Force Survey
On Friday, StatsCan released November’s Labour Force Survey. November saw the lowest unemployment rate since January 2009 – with 15,000 new jobs added that month, the unemployment rate dropped to 7.6%. This is 1.9% higher than it was in November,… Read more »
September Monthly Survey of Manufacturing
StatsCan released September’s Monthly Survey of Manufacturing today. Overall, manufacturing sales decreased 0.6% in the month of September to $45.1 billion. The drop was seen most notably in the transportation equipment industry, which dropped 7.5% in sales, and the motor… Read more »
Sustaining Canada’s Economic Recovery Act
Last week, Jim Flaherty (the Minister of Finance) introduced the Sustaining Canada’s Economic Recover Act. This Act was developed to be a key component of Canada’s Economic Action Plan. Some of the highlights of the Act include: the implementation of… Read more »
May’s Gross Domestic Product
StatsCan just released their GDP review for May, and overall, Canada’s real gross domestic product increased by 0.1%. It had remained unchanged throughout the month of April. The breakdown per industry in May is as follows: Manufacturing incrased by 0.1%… Read more »
June’s Job Surge
Across Canada in the month of June, employment rose through 93,000 new jobs. (Full-time employment rose through 48,900 new jobs; part-time employment rose through 44,200 new jobs.) This resulted in a total decrease in unemployment by 0.2 per cent (bringing… Read more »
The 2010 G20 Toronto Summit: Halving Deficits
This past weekend, Toronto hosted one of the G20 summits that have been occurring twice a year since 2008. One of the hot topics on the agenda was economic recovery after our recent recession, and due to the European debt… Read more »
Signs of a Recovering Economy
In the fourth quarter last year, Canadian labour productivity experience its largest gain since the first quarter of 1998 (1.4 per cent). As well, manufacturing sales were up 2.4 per cent in January – this was unexpected, as economists had… Read more »
Recovery of Economy
According to a release from TD Economics today, the world economy is expected to expand by 3.8% in 2010. While this is positive, they also mention that the road to recovery will not happen easily, or overnight. While the recovery… Read more »