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Economy
Canada’s 0.7% Inflation Rise In 2020 Was Slowest Climb Since 2009
January 21, 2021 06:39 AM EST| By Team Kalkine MediaAs Canadians tightened their pockets and adapted to a life indoors amid the coronavirus pandemic, Canada’s annual inflation level slowed down to an average of 0.7 per cent in 2020, reported Statistics Canada on Wednesday, January 20. This de.....
Bank of Canada Leaves Interest Rate at 0.25%, Says Economic Uncertainty Still Elevated
January 20, 2021 11:23 AM EST| By Team Kalkine MediaAmid opposing projections from analysts regarding which way the country’s key interest rate would go in the first quarter of 2021, the Bank of Canada announced on Wednesday, January 20, that it will remain unchanged at 0.25 per cent. It added t...
How Will Joe Biden’s Presidency Impact Canada?
January 20, 2021 10:20 AM EST| By Team Kalkine MediaThe United States is all set to witness yet another regime change as Democrat leaders Joe Biden and Kamala Harris take control of the White House from the Donald Trump-led Republican administration on Wednesday, January 20. And as this transition tak...
Despite COVID, Canada Saw Decreased Business Insolvencies In 2020: StatCan
January 19, 2021 10:47 AM EST| By Kunal SawhneyIn spite of the strong economic headwinds triggered by the COVID-19 pandemic, business insolvencies declined by nearly a third, or 29.4 per cent, year-over-year (YoY) to 474 in the second quarter of 2020, reported Statistics Canada. This drop in numb...
Canadian Economy Will Struggle In Q1 2021, Predicts Reuters Poll
January 18, 2021 11:35 AM EST| By Hina ChowdharyEconomists interviewed at a recent Reuters poll projected that the Canadian economy will be heading for a “major roadblock” in the first quarter of 2021 before picking up pace this year. The Reuters poll, conducted between January 11 and...
Bitcoin A Currency Reserve? Ex-Canadian PM Stephen Harper Says Yes
January 18, 2021 06:44 AM EST| By Kunal SawhneyCan bitcoin, the world’s largest cryptocurrency, become a reserve currency? While many analysts are concerned over the crypto’s volatile nature, former Canadian Prime Minister Stephen Harper claims it is certainly a possibility. While ad...
Will Biden Nix Keystone XL on Day 1? TC Energy (TSX:TRP) Stocks Trend
January 18, 2021 06:17 AM EST| By Team Kalkine Media&n.....
Fitch Outlook For Top Canadian Banks Remains Negative
January 15, 2021 08:11 AM EST| By Hina ChowdharyThe persisting impact of the COVID-19 pandemic saw some of Canada’s top banking institutions remain in the negative zone in the latest review by Fitch Ratings. Barring two financial corporations, the New York-based credit rating agenc.....
1 Million Vaccine Doses Per Week In Canada From April
January 15, 2021 07:37 AM EST| By Kunal SawhneyCanada is expected to receive up to one million COVID-19 immunization doses per week from various drug makers from April 2021 onwards, announced Major General Dany Fortin, who is leading the country’s coronavirus vaccine logistics at the Public...
New Ontario COVID Rules Favor Big-box Chains, Target Small Businesses: CFIB
January 13, 2021 06:59 AM EST| By Kunal SawhneyBusinesses in Ontario don’t seem to be very pleased with the new COVID lockdown rules that were announced on Tuesday, January 12. The Canadian Federation of Independent Business (CFIB), in an official release, accused the Ontario gov.....
Trudeau Cabinet Rejig: Garneau Is Foreign Minister, Champagne Industry Minister
January 12, 2021 10:07 AM EST| By Team Kalkine MediaIn a major shakeup, Canadian Prime Minister Justin Trudeau reshuffled some key portfolios of his ministers via a virtual swearing-in ceremony on January 12, 2021. The changes were prompted after Minister of Innovation, Science and Industry Navdeep Ba...
Medicago’s Plant-based Vaccine Candidate: Canada’s Own COVID Shot?
January 12, 2021 07:24 AM EST| By Hina ChowdharyWhile Canada is purchasing big batches of coronavirus shots from foreign pharmaceutical companies such as Pfizer, Moderna, etc., there is a COVID-19 vaccine brewing in its own backyard as well. And it is a plant-based one! Canadian biopharmaceutical...
US loses 140,000 jobs in December 2020
January 10, 2021 05:38 PM EST| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
COVID-19 Second Wave Impact: Canada Lost 63,000 Jobs in Dec 2020
January 08, 2021 11:23 AM EST| By Kunal SawhneyAfter a streak of monthly gains, Canada’s job market witnessed a loss of 63,000, or 0.3 per cent month-over-month (MoM), in December last year, reported Statistics Canada. This latest drop in numbers is the first decline in the country’s...
Quebec Imposes New COVID Lockdown Rules: All You Need to Know
January 07, 2021 09:10 AM EST| By Team Kalkine MediaQuebec Premier François Legault has announced that lockdown restrictions will be tightened in the province in the light of the alarmingly rising numbers of COVID-19 cases. Much of the Quebec province has been observing lockdown protocols sinc...
‘Attack On Democracy’ Says Trudeau As Pro-Trump Protestors Breach US Capitol Hill
January 07, 2021 06:01 AM EST| By Team Kalkine MediaCanadian Prime Minister Justin Trudeau Wednesday expressed concern over the recent storming of US Capitol Hill by Trump supporters, describing the incident as an “attack on democracy”. Tweeting on the issue, he said that the country was &...
Top Canadian CEOs Earn More By Jan 4 Noon Than Average Workers Did In A Year
January 04, 2021 11:15 AM EST| By Kunal SawhneySummary What COVID? Top 100 Canadian CEOs made C$ 53,482 – the average Canadian’s salary – by 11:17 a.m. on January 4, the first working day of the year, reports the Canadian Centre for Policy Alternatives (CCPA). Interestingl.....
Canada’s Year Of Economic Recession & Rebound In 2020
December 31, 2020 07:09 AM EST| By Team Kalkine MediaA few months into the pandemic, Canada was staring into the dark alley of economic recession, at levels not witnessed since the Great Depression of 1930s. In its fall economic statement, the country projected a fiscal deficit of C$ 381.6 billion, nea...
Trudeau Govt To Make COVID Test Mandatory For Canada-Bound Flyers
December 31, 2020 04:08 AM EST| By Kunal SawhneySummary The federal government plans to make it a requirement that air passengers pass a COVID-19 PCR test three days before they arrive in Canada. The Trudeau government cabinet has arrived at the decision to enact this rule as quickly as poss.....
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 03:36 AM EST| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
