Agricultural Industry Hampered by Agricutre Policy?
According to a new report published by the Canadian Agri-Food Policy Institute (CAPI), Canada is not doing as well as we have in the past when it comes to the agriculture industry. The report suggests that Canada’s agricultural policy needs to be revisited and overhauled in order to compensate for this drop in the industry. […]
Employement in January Rose
Today, StatsCan released January’s Labour Force Survey. They stated that: Employment rose for the second consecutive month in January, with a gain of 69,000. At the same time, the unemployment rate increased by 0.2 percentage points to 7.8%, as more people searched for work. Compared with January 2010, employment was up 1.9% (+327,000). Source The […]
Bank of Canada’s Semi-Annual Assessments
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 number of reasons as to why this may be so: Debt concerns in Europe could […]
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, 2009 – since then, part-time employment has grown by 4% and full-time employment has grown […]
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 vehicle industry, which dropped 10.4%. Provincially, the most significant changes in manufacturing sales looked like […]
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 Employee Life and Health Trusts taxpayers are now able to request online notices from the […]
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% Manufacturers of non-durable goods increased by 0.8% Manufacturers of durable goods decreased by 0.4% Forestry […]
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? […]