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 the unemployment rate throughout Canada to 7.9 per cent). This was nearly five times the […]
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 crisis that is currently underway. While there was a divide among attendees about which was […]
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 been expecting a 0.6 per cent gain. (Source) So what does this mean for us? […]
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 is underway, the report suggests that it will not develop the “head of stream” that […]
RBC Canadian Consumer Outlook Results
The Royal Bank of Canada polls Canadian consumers regularly. Today, the results for the most recent poll were released. We’ve heard a lot in the news that the economy is getting better, but there’s been debate over whether it actually is improving, or whether people are just being optimistic. According to the Canadian Consumer Outlook, […]
The June Thaw
Living in Canada, in almost every province, we are all very familiar with the January thaw. It is that wonderful time in the middle of the winter when the snow banks melt and you hope that it might not snow anymore while knowing that there is a long winter ahead. The economy is similar in […]
Bank of Canada Presents Strategy to Boost Economy
In its most recent monetary policy report, the Bank of Canada presented possible means to strengthen the currently feeble Canadian economy. The central bank did not offer any solid dedications, but said it could choose to pursue more “unconventional” avenues, including quantitative easing and credit easing. Bank of Canada governor Mark Carney told reporters in […]
Aerospace Sector Soars Above Economic Turmoil
The aerospace and defense industry is one of the few sectors in manufacturing that is currently not only surviving but thriving amid the recession, despite the grim predictions for job losses and bankruptcies among other Canadian manufacturers, plummeting oil prices, and the ever fluctuating CDN dollar. Employment rates and revenue are even continually on the […]
AMIS – Ontario’s Advanced Manufacturing Investment Strategy
Lines of credit have almost completely dried up in this recession, and it’s harder than ever for businesses to fund their new development projects. Ontario’s Advanced Manufacturing Investment Strategy (AMIS) is a great venue for Ontario manufacturers to pursue. What’s more, AMIS is available to companies from all manufacturing sectors in Ontario. The $500 million […]
Research In Motion’s Quarterly Results
I don’t know about you, but hearing about all of the negative news about companies doing poorly, laying off employees, going bankrupt or closing makes me very much depressed. So it makes news like this all the more encouraging: today’s Globe and Mail has an article about RIM’s quarterly results. Yesterday, the Canadian-based Research In […]