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Economy
The Rising Role of Hydrogen in Canada’s Zero Emissions 2050 Target
May 07, 2021 11:01 PM EDT| By Team Kalkine MediaSummary Canada is currently in the list of top ten hydrogen producing countries. Canada’s federal budget 2021 mentions the term ‘hydrogen’ 30 times. Federal government will extend tax incentives to businesses using hydrogen. .....
Crucial events that can sway global markets this week
May 02, 2021 09:06 PM EDT| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
How Will Amazon’s Alberta-Based Solar Plant Affect Canada?
April 30, 2021 03:33 PM EDT| By Team Kalkine MediaSummary Amazon Inc announced on April 19 that it plans to invest in an 80 megawatt solar power project that is based in Alberta province’s Newell County. According to the company, the project is expected to produce nearly 195,000 megawatt.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 01:33 AM EDT| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
BoC’s Record Low Policy Rate Is A Shot In The Arm After Budget Stimulus
April 22, 2021 05:10 AM EDT| By Team Kalkine MediaSummary Bank of Canada maintains benchmark interest rate at 0.25 per cent. Bank says Canadian and global economy will rebound quickly, with Canada GDP growth at 6.5 per cent in 2021. Inflation is high as prices in same month last year plunged .....
Budget 2021: What’s In It For Corporate Canada?
April 21, 2021 10:00 PM EDT| By Team Kalkine MediaIn the wake of pandemic-induced lockdowns and stressed financials, private investment is under pressure for most companies. But Chrystia Freeland’s Federal Budget 2021 has enough elements to cheer businesses. The federal budget hits the right...
Canada’s Annual Inflation Rate Spiked To 2.2% In March. Here’s Why
April 21, 2021 12:08 PM EDT| By Shreya BiswasSummary Canada’s Consumer Price Index (CPI) shot up by 2.2 per cent year-over-year (YoY) in March 2021, reported Statistics Canada. This was a notable increase from the 1.1 per cent YoY gain in February. On a seasonally adjusted monthly .....
Exploring The ‘Non-Budgetary’ Part of Canada Budget 2021
April 20, 2021 03:31 PM EDT| By Team Kalkine MediaFederal budgets are usually seen as a document outlining the ruling government’s revenue and spending plans, along with some commentary on the upcoming year’s economic conditions. Canadian Finance Minister Chrystia Freeland, however, inc...
The Tax Element of Canada’s Federal Budget 2021
April 20, 2021 02:50 PM EDT| By Team Kalkine MediaCanada’s Federal Budget 2021, tabled by Finance Minister Chrystia Freeland on April 19, had two key aspects – spending and revenue. The former is a much-debated topic, owing to Canada’s high deficits and skyrocketing government debt...
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Canada Budget 2021 Analyzed: How Freeland Invoked Keynes?
April 20, 2021 07:52 AM EDT| By Team Kalkine MediaFinance Minister Chrystia Freeland on Monday, April 19, unveiled plans for increased public investment at a time when it is direly needed. Many may be wondering how these investments would translate into a better tomorrow for Canada’s business...
Federal Budget 2021 Paves Way For More Jobs In Canada
April 20, 2021 06:17 AM EDT| By Team Kalkine MediaSummary Finance Minister Chrystia Freeland’s much-awaited Federal Budget 2021 focused majorly on economic regrowth. It aims to bring in rapid economic recovery and increase employment, the finance minister said. The government revealed p.....
Canada’s 'Feminist' Budget 2021: What's In Store For Women?
April 19, 2021 08:45 PM EDT| By Shreya BiswasSource: Shutterstock A little over a month ago, while celebrating International Women’s Day, Canada had unveiled an all-female task force that was meant to ensure that the 2021 federal budget remembered women and addressed gender inequality. C...
Snapshot: Canadian Federal Budget 2021 & Its Key Allocations
April 19, 2021 07:25 PM EDT| By AnujSource:Saklakova, Shutterstock The Canadian government tabled its expenditure plans on Monday evening to fight against the COVID-19 pandemic and reenergize the economy amid a coronavirus crisis. As projected by some analysts, Liberals’ federal...
Canada Pours C$101.4-billion, Stacks Up Historic Fiscal Deficit
April 19, 2021 05:54 PM EDT| By Ipsita SarkarSource:vintagetone, Shutterstock With snap polls in mind, the federal government’s first budget in two years poured another C$101.4-billion pandemic stimulus to chart out an economic course for pandemic-hit Canada. The fiscal deficit for 2020-...
Canada Budget 2021: The ‘Record Debt’ COVID-19 Recovery May Bring On
April 19, 2021 12:16 PM EDT| By Shreya BiswasSource: Phongphan, Shutterstock Set with an eye on post-pandemic recovery and a possible election, Prime Minister Justin Trudeau’s upcoming 2021 federal budget is set to go big on spending. The Trudeau government is expected to inject a...
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COVID-19 Budget 2021: Economic Recovery & Pandemic Support On Cards
April 19, 2021 10:30 AM EDT| By Team Kalkine MediaSource: Andrii Vodolazhskyi, Shutterstock Summary Finance Minister Chrystia Freeland had last year indicated that the government will do its best to support Canadians. Ever since the outbreak of the pandemic, more than 3 million people lost th...
3 Taxes Likely To Be A Part of Canadian Federal Budget 2021
April 19, 2021 07:39 AM EDT| By Team Kalkine Media© Kalkine Image 2021 Finance Minister Chrystia Freeland pledged up to C$100 billion stimulus in the Fall Economic Statement 2020. The figure will be injected over the next three years. The big question is, how will the federal government accumu...
Why Canada’s 2021 Federal Budget Is So Important
April 18, 2021 03:53 AM EDT| By Shreya BiswasSource: wutzkohphoto, Shutterstock Canada is set to table its 2021 federal budget on Monday, April 19, in the midst of a third wave of COVID-19. While a pandemic-focused stimulus package is widely expected from this budget, green initiatives and job...
Canada 2021 Budget: Will Freeland Go Big On COVID 3.0 Spending?
April 15, 2021 07:29 AM EDT| By Shreya BiswasSource: wutzkohphoto, Shutterstock With the number of COVID-19 infections rising, the Canadian government is likely to stand on its promise to go big on spending when it tables its first budget in two years on Monday, April 19. Another factor that...
Canada Federal Budget 2021: Will The Trudeau Govt Impose These Taxes?
April 13, 2021 07:50 AM EDT| By Team Kalkine MediaSource: Natee Meepian, Shutterstock Summary Canada's Finance Minister Chrystia Freeland is all set to present the country's 2021 Federal Budget next Monday, April 19. Coming after a two-year gap since March 2019, the government is expected to...
