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Economy
AstraZeneca-Oxford COVID Shot Greenlit in UK, Under Review In Canada
December 30, 2020 05:17 AM EST| By Team Kalkine MediaSummary The UK is the first nation in the world to approve the AstraZeneca-Oxford COVID-19 vaccine. The AstraZeneca-Oxford COVID-19 vaccine reportedly fights the new, highly contagious mutant variant of the coronavirus that is currently spreadi.....
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How Central Banks Changed the Course of 2020?
December 30, 2020 12:03 AM EST| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....
5 Sectors That Outshone In 2020
December 29, 2020 05:34 AM EST| By Kunal SawhneyYear 2020 will go down in history for the COVID-19 pandemic and the havoc it wreaked around the world. Global lockdown, international trade suspension, disrupted productions, drop in demand of goods and services, etc. saw many industries ne.....
Canada’s Real GDP Rises 0.4% In October
December 23, 2020 11:07 AM EST| By Hina ChowdharyCanada’s real gross domestic product (GDP) marginally improved for the sixth month in a row. It was up by 0.4 per cent in October, following a 0.8 per cent rise in September, as per the Statistics Canada report released on Wednesday. The...
Health Canada Okays Moderna’s Vaccine For COVID-19
December 23, 2020 10:58 AM EST| By Kunal SawhneyModerna’s COVID-19 vaccine became the second jab to be approved by regulatory agency Health Canada on Wednesday, December 23. The vaccine has an efficacy rate of 94.5 per cent and can be administered among people above 18 years of age. In an o...
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Ahead of Brexit, Canada & UK Agree To Temporary Trade Deal
December 23, 2020 03:21 AM EST| By Team Kalkine MediaAhead of the impending Brexit, Canada and the United Kingdom have agreed not to raise trade tariffs. The two nations will continue trade under current Canada-European Union Comprehensive Economic and Trade Agreement (CETA) terms, till the new Canad.....
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY
December 22, 2020 11:33 AM EST| By Team Kalkine MediaAfter a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October&r.....
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Ontario To Go Under Lockdown from Boxing Day: What Happens To Businesses?
December 22, 2020 03:50 AM EST| By Team Kalkine MediaAfter Canada wraps up Christmas celebrations, Ontario will be going under complete lockdown from Boxing Day (December 28) onwards in an attempt to pull the reigns on the rapid spread of COVID-19. The northern part of the province will reportedly re.....
Pandemic Pulls Down Life Satisfaction Among Canadians To 17-Year-Low
December 21, 2020 11:21 AM EST| By Kunal SawhneySummary Canadians’ life satisfaction levels hit the lowest point during the pandemic between the 2003 to 2020 period. By June 2020, the average life satisfaction was at 6.71, down from 8.09 in 2018. Younger Canadians were more impacted b.....
Canada Suspends All Flights To UK For 72 Hours Amid Mutant Coronavirus Scare
December 21, 2020 02:58 AM EST| By Kunal SawhneySummary Canada has temporarily suspended all flights from the UK for 72 hours after a new coronavirus strain emerged from the country. The Public Health Agency of Canada informed that federal government and scientists are closely observing the .....
How COVID-19 Pandemic May Alter The Way Canadian Cities Functions
December 20, 2020 01:51 AM EST| By Team Kalkine MediaThe COVID-19 pandemic has kinked the way our normal lives function. People around the world went from going to work to working from home, shopping online and relying on a homebody economy to maintain the social distancing protocols. While so.....
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Moderna COVID-19 Vaccine Awaits Health Canada Approval
December 19, 2020 02:47 AM EST| By Team Kalkine MediaModerna Inc’s COVID-19 vaccine became the second candidate to get emergency use authorization (EUA) from the US Food and Drug Administration (FDA) on Friday, December 18. Health Canada, the Canadian drug regulator, is yet to authorize Moderna'...
Canada’s Retail Sales Rise For 6th Month In Row, Up 0.4% In October
December 18, 2020 11:49 AM EST| By Kunal SawhneyCanada’s retail sales surged for the sixth month in a row in October, up by 0.4 per cent to C$ 54.6 billion, reported Statistics Canada on Friday, December 18. The sales growth, the report noted, was driven by motor vehicle and parts dealers......
Trudeau Govt’s Plans To Make Canada Top Hydrogen Producer Released
December 17, 2020 11:19 AM EST| By Team Kalkine MediaCanada’s Natural Resources Minister Seamus O’Regan has just launched an “ambitious framework” which aims at making the country a top hydrogen producer in the world. The plan, called ‘Hydrogen Strategy for Canada’.....
Is Canada Heading For Economic Difficulties In 2021? Macklem Explains
December 16, 2020 06:16 AM EST| By Team Kalkine MediaThe Canadian economy could post another decline due to the second wave of the coronavirus cases, Bank of Canada (BoC) governor Tiff Macklem noted in his last speech on 2020 on Tuesday, December 15. Mr Macklem, in his virtual address to the Vancouv.....
Canada Administers First Pfizer-BioNTech COVID Shot, Trudeau Says ‘Big Step’
December 15, 2020 09:35 AM EST| By Team Kalkine MediaSummary The first Pfizer-BioNTech COVID shot in Canada was reportedly administered to an 89-year-old woman from Quebec named Gisèle Lévesque. Prime Minister Trudeau described the vaccination as a “big step”, but he str.....
Canada Gets First Consignment Of Pfizer-BioNTech COVID-19 Vaccines
December 14, 2020 11:09 AM EST| By Kunal SawhneySummary Canada received its first shipments of the Pfizer-BioNTech COVID-19 vaccines Montreal late in the night on Sunday, December 13. The Pfizer-BioNTech vaccines batch would be on their way to 14 distribution sites across the country. .....
Canada’s Gen X & Millennials Have Highest Debt-To-Income Ratio
December 12, 2020 10:39 AM EST| By Team Kalkine MediaThe COVID-19 pandemic poses a greater threat to the economic well-being of younger households, particularly those with income earners in the millennial age group, than any other in Canada, pointed a study published on Saturday, December 12. The st.....
Canada’s Net Worth Grows To C$ 13.23 Trillion In Q3, Credit Borrowings Rise
December 12, 2020 06:20 AM EST| By Kunal SawhneyCanada’s national wealth and net foreign asset position totaled to C$ 13.23 trillion in the third quarter (Q3) of 2020, reported Statistics Canada on Friday, December 11. The total amount, aka net worth, noted a quarter-over-quarter (.....
Premiers Demand Funding Boost From Trudeau-Led Govt Amid Surging COVID Cases
December 11, 2020 09:23 AM EST| By Team Kalkine MediaPremiers of the 13 provinces and territories in Canada left their recent meeting with Prime Minister Justin Trudeau feeling disappointed, as per media reports. In the virtual first ministers' meeting held on Thursday, December 10, the prem.....
