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Economy
Canada’s December Trade Deficit Reduced To C$1.7bn As Exports Surge
February 06, 2021 04:43 AM EST| By Team Kalkine MediaCanada’s trade deficit reduced by half to C$1.7 billion in December 2020, compared to the previous month as exports saw steady growth, the government said on Thursday. Energy exports saw the highest growth during the period, rising by .....
Canada Begins Airline Bailout; Sunwing Gets Emergency C$375Mn Loan
February 03, 2021 06:22 AM EST| By Hina ChowdharyCanada’s budget airline Sunwing will receive C$375 million in emergency loans to keep it afloat after the government announced new travel restrictions due to the rising number of Covid infections. The company had begun talks for the .....
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Canada’s Precision Gets C$25Mn Funding To Boost COVID Shot Production
February 03, 2021 04:50 AM EST| By Team Kalkine MediaSummary The Canadian government has invested about C$ 25.1 million in genetics medicine technology provider Precision Nanosystems Inc. The company said the investment will help finance the development of its C$ 50.2-million biomanufacturing cen.....
Why private house approval hit a new high in December 2020
February 02, 2021 09:38 PM EST| By Team Kalkine MediaThe private sector house approvals surged for the sixth straight month in December and hit a record high amid robust demand due to stimulus measures and low-interest rates. While the approvals for private houses jumped 15.8 per cent in December, dw.....
Canada May Soon Make COVID Shots, Pfizer Predicts US$15B Vaccine Sales
February 02, 2021 11:33 AM EST| By Team Kalkine MediaCanada’s COVID-19 vaccine progress is likely to jump up a level as reports expect Prime Minister Justin Trudeau to announce details regarding a deal to produce the shots in the country. Canada not having the bandwidth to manufacture COVID shot...
Canada’s GDP Grew 0.7% in Nov’20 Despite COVID-Triggered Deficit
January 29, 2021 11:51 AM EST| By Kunal SawhneyDespite the rising number of COVID-19 infections and tightening lockdown measures, Canada saw its real gross domestic product (GDP) balloon by 0.7 per cent month-over-month (MoM) in November last year. This was the seventh consecutive month.....
Canada’s Payroll Jobs Slid 0.5% in Nov’20 Amid COVID 2nd Wave
January 29, 2021 11:49 AM EST| By Kunal SawhneyMany Canadian businesses suffered in the wake of the second coronavirus wave around November last year. While the latest Labour Force Survey (LFS) recorded a 0.3 per cent increase in employment for the week between November 8 and 14, the country&rs.....
How Much Has Automation Technology Impacted Jobs In Canada?
January 28, 2021 10:54 AM EST| By Team Kalkine MediaWhile technological advancements in businesses generally result in reducing manual labor and work hours, it can also often have a negative impact for workers who depend on manual tasks. With the onset of the COVID-19 pandemic last year, amid which .....
What Caused The Downward Spiral of North American Markets?
January 28, 2021 08:42 AM EST| By Kunal SawhneySummary Probability of new Covid variant attacking, travel restrictions bog down market enthusiasm North American benchmarks ended in red after weeks of modest gains Upcoming US policy announcements will have significant impact A mini sto.....
Brexit rules prompt Amazon to restrict alcohol sale in Northern Ireland: Report
January 27, 2021 10:18 AM EST| By Kunal SawhneyUK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of beers, wines, and spirits in Northern Ireland because of the new Brexi.....
Canada Mulls Travel Ban, Strict Restrictions As New COVID Cases Rise
January 27, 2021 05:43 AM EST| By Hina ChowdharySummary Canada may renew travel ban, restrictions after spike in new cases. Opposition has blamed Prime Minister Justin Trudeau-led government for not doing enough. The Prime Minister dispelled fears about vaccine shortage. The Ju.....
Providence Therapeutics: Canada’s 1st COVID Shot Heads For Trial
January 27, 2021 04:22 AM EST| By Kunal SawhneySummary Providence Therapeutics Holdings Inc announced on Tuesday that it has begun clinical trials for the first made-in-Canada vaccine against the COVID-19 virus. The PTX-COVID19-B shot’s clinical study will be conducted in Toronto to t.....
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Why Australia’s consumer prices climbed in December quarter
January 26, 2021 09:47 PM EST| By Hina ChowdharyThe consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent. Image Source: Shutt.....
Canadians Spent More On Shelter, Food & Beverages In 2020: Study
January 26, 2021 12:12 AM EST| By Hina ChowdharyA joint study by Statistics Canada, a Canadian government organization, and the Bank of Canada has shown that Canadians have spent more on shelter, home operations and equipment, health and personal care, and recreational beverages during t.....
Canada Frets As Biden Gears Up To Sign ‘Buy America’ Order
January 26, 2021 12:02 AM EST| By Kunal SawhneyCanada’s oil-dependent regions are already upset with new US President Joe Biden over Keystone XL’s demise. But the plans of an upcoming ‘Buy America’ order have left even more Canadian businesses worried. On the line...
As Julie Payette Quits, Debate Over Canada’s Governor General Post Reignites
January 23, 2021 10:44 PM EST| By Kunal SawhneyCanadian Governor General Julie Payette submitted her resignation on Friday, January 22, amid a swirl of bullying and harassment accusations. Ms Payette, who is the representative of Queen Elizabeth II to Canada, steps down from her post while bein.....
1.3 Mn Canadians Collected EI Benefits in Nov 2020, 49% Of Them Women
January 23, 2021 10:28 PM EST| By Kunal SawhneyAbout 1.3 million Canadians received Employment Insurance (EI) benefits in the month of November 2020, a number that was down by 3.4 per cent from a record level of 1.4 million in October, reported Statistics Canada. A Labor Force Survey (LFS) fou.....
What Did Trudeau & Biden Discuss In First Official Call?
January 23, 2021 06:06 AM EST| By Team Kalkine MediaWith a backdrop of Canadian oil producers still fuming over the Keystone XL project cancelation, Prime Minister Justin Trudeau on Friday had his first official phone chat with new US President Joe Biden since he took office. Reports quoting official...
Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?
January 21, 2021 11:42 AM EST| By Team Kalkine MediaAs promised by Joe Biden and feared by Canadian oil producers, the brand new US president overturned Donald Trump’s permit for Keystone XL pipeline construction hours after taking office. This has led to many experts questioning whether the Tru...
Pfizer-BioNTech COVID Shot May Be Powerful Enough To Beat UK Variant
January 21, 2021 08:54 AM EST| By Hina ChowdharySummary Results of a new study show that the Pfizer-BioNTech COVID-19 vaccine may have the capability to neutralize the new mutant coronavirus variant found in Britain. While the results were not conclusive, they have been described as “p.....
