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Economy
What’s in President Biden’s 2022 Budget Proposal
April 10, 2021 11:32 PM EDT| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
Canada’s March Unemployment Rate At Lowest Level Since Pre-COVID
April 09, 2021 11:55 AM EDT| By Shreya BiswasSource: BELL KA PANG, Shutterstock Summary As COVID-related precautionary restrictions eased across several regions in March 2021, Canada continued to notice a rise in employment on a monthly basis. On a national level, the country added 303,0...
53% of Canadians Are C$200 Away From Being Flat Broke: Survey
April 08, 2021 12:29 PM EDT| By Shreya BiswasSource:Who is Danny, Shutterstock Summary The Trudeau government recently said that it is looking into rolling back the many financial aid and loan deferral programs it put in place amid the pandemic. Meanwhile, a recent study found that the n...
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Ahead Of Canadian Federal Budget, Calls Mount For 'She-Covery'
April 07, 2021 11:00 AM EDT| By Team Kalkine MediaSource: fizkes, Shutterstock Summary The accommodation and food industry, which employs more women, is probably the hardest-hit segment in the pandemic. Half a million women who lost their jobs during the COVID-19 crisis didn't return to their...
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Hope At Last: Canadian GDP May Expand By 5.8% in 2021
April 02, 2021 09:37 AM EDT| By AnujSource: patpitchaya, Shutterstock The Canadian economy is on recovery path and finally staring at sustainable and inclusive growth. However, the growth rate is nowhere near the pre-pandemic levels due to rising debt and mounting fiscal deficit. The...
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Worrying about rising bond yields? Here’s how to protect your portfolio
April 01, 2021 01:43 PM EDT| By AayushSource: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...
WTO Projects Growth In Global Trade But Vaccination Lag May Pose A Threat
April 01, 2021 08:26 AM EDT| By Team Kalkine MediaSource: F8 studio, Shutterstock Summary World Trade Organization (WTO) has revised its growth forecast for global trade in 2021. The rollout of vaccines worldwide has infused optimism in the markets for economic revival. Last year when the pa...
Canada GDP Up For Ninth Consecutive Month, Rises 0.7% In Jan
March 31, 2021 11:11 AM EDT| By AnujSource: patpitchaya, Shutterstock Canada’s gross domestic product (GDP) grew 0.7 per cent on a month-over-month (MoM) basis in January 2021, compared with a 0.1 per cent increase in December 2020, as the Statistics Canada report released on We...
Canada's Average Weekly Pay Rose 1.8% In Jan, Payroll Jobs Down 0.8%
March 30, 2021 11:52 AM EDT| By Shreya Biswasted in late December 2020 and January 2021 that impacted businesses and jobs. Canada’s latest payroll employment figures, which represent the number of workers who received wages or benefits from their employers, reflected a decline of abo...
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Canada’s Budget Deficit Touched C$268Bn Between April 2020 & Jan 2021
March 30, 2021 07:47 AM EDT| By Shreya BiswasSource: Indypendenz, Shutterstock Summary Canada's finance ministry said on Friday, March 26, that the country’s budget deficit expanded to C$ 268.18 billion in the 10 months of its fiscal year between April 2020 and January 2021. In Jan...
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What To Expect In The Upcoming Canadian Budget 2021?
March 27, 2021 09:13 PM EDT| By AnujSource: fizkes, Shutterstock Summary On April 19, Canada's Finance Minister Chrystia Freeland will read out the first budget in two years. The federal government had announced a C$100 billion economic stimulus package that constitutes 4% of th...
Cost of living in Canada: How Much Is Sufficient?
March 27, 2021 12:26 AM EDT| By AnujSource: Tero Vesalainen, Shutterstock Summary Canada offers high standards of living Vancouver and Toronto are the most expensive cities to live Majority of your expenses will be spent on housing/accommodation As a land that welcomes i...
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1.5 Mn Canadians Accessed Employment Insurance In January: StatCan
March 25, 2021 12:09 PM EDT| By Shreya BiswasSource: H_Ko, Shutterstock Summary About 1.5 million Canadians accessed regular Employment Insurance (EI) benefits in the month of January 2021, reported Statistics Canada. This number records a month-over-month (MoM) jump of 11.2 per cent, or...
Canadian Federal Budget 2021: Will Liberals Announce Stimulus Package?
March 25, 2021 10:50 AM EDT| By Team Kalkine MediaSource: fizkes, Shutterstock After a two-year long wait, Finance Minister Chrystia Freeland is all set to announce the federal budget on April 19. So, what can we expect from the budget? For starters, Canadians would like to have extended income su...
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Bank of Canada To Wind Up COVID-Triggered Liquidity Programs
March 24, 2021 09:39 AM EDT| By Shreya BiswasSource: Portrait Image Asia, Shutterstock Summary The Bank of Canada (BoC) said on Tuesday that it will be rolling back the support programs it had extended to help the economy through the pandemic. The central bank plans to suspend or discont...
Canada Sets Budget Date After 2 Years: What We Know
March 24, 2021 06:09 AM EDT| By Shreya Biswasfor FM Freeland, who took over the office after Bill Morneau resigned last year. The Canadian government will finally table a fresh budget for 2021 on April 19. Finance Minister Chrystia Freeland made the announcement on Tuesday, March 23. The....
Federal Government Extends CEBA Loan Till June 30
March 23, 2021 06:37 AM EDT| By Team Kalkine MediaSource: fizkes, Shutterstock Summary This extension will enable businesses to get the support they need amidst COVID-19 restrictions and regulations. Over 8.5 million loans under this scheme have been granted till March 18, 2021. In a bid...
1 in 5 Canadians Faced Depression, Anxiety Or PTSD Amid COVID: StatCan
March 21, 2021 01:42 AM EDT| By Shreya BiswasSource: Guschenkova, Shutterstock Summary A Statistics Canada survey found that one in five Canadian adults suffered from either depression, generalized anxiety disorder or posttraumatic stress disorder (PTSD). Nearly one in four women screene...
Retail Sales Plunge In Canada For 2 Months In A Row
March 19, 2021 10:45 AM EDT| By AnujSource: Madcat_Madlove, Shutterstock For the second consecutive month, retail sales in Canada went down by 1.1 per cent in January 2021, according a report release by Statistics Canada on Friday. Last month, Canadian retails sales had witnessed the...
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Canada’s Economic Recovery Linked To COVID’s Path: IMF
March 19, 2021 08:56 AM EDT| By Shreya BiswasSource: Nhemz, Shutterstock Summary The International Monetary Fund’s (IMF) annual report said that the recovery of the Canadian economy is “inexorably linked” with how the COVID-19 evolves. The IMF also suggested that introd...
