AUS
NZ
UK
CA
USA
IND
Economy
Bank of Canada Maintains Policy Rate, Says ‘Choppy’ Growth Trajectory Ahead
December 10, 2020 04:18 AM EST| By Team Kalkine MediaThe Bank of Canada (BoC) once again upheld its current policy rate and ongoing quantitative easing (QE) program. In an official briefing on Wednesday, the central bank said the key interest rate will continue to be at 0.25 per cent until the 2 per ce...
Who is Michael Sabia, Canada’s New Deputy Finance Minister?
December 08, 2020 03:27 AM EST| By Team Kalkine MediaMichael Sabia, former CEO and president of Caisse de Depot et Placement du Quebec (CDPQ), has been appointed as Canada’s new deputy finance minister, said an official statement released the prime minister’s office on Monday, Dec.....
Is Canada's Job Market Improving Amid Second Wave Of COVID-19?
December 07, 2020 08:59 AM EST| By Kunal SawhneyFollowing a growth of 2.7 per cent each month between May and September and that of 0.5 per cent in October, Canada saw its overall employment rate climb 0.3 per cent in November, found a recent report by Statistics Canada. In the latest Labour Fo.....
Canada’s GDP Grew 8.9% In Q3 2020: What It Means For Economy?
December 02, 2020 09:56 AM EST| By Kunal SawhneyCanada’s real gross domestic product (GDP) increased by about 8.9 per cent in the third quarter of 2020, reported Statistics Canada. This growth comes after a decline of 11.3 per cent in the second quarter and that of 1.9 per cent the.....
Canada’s New Spending Plan & C$381B Budget Deficit: How Did It Impact Stock Markets?
December 02, 2020 03:50 AM EST| By Team Kalkine MediaThe Canadian government published the much-awaited Fall Economic Statement on Monday, November 30, updating its spending plans and COVID-related emergency support measures. The document projected that Canada’s budget deficit could reac.....
Canada To Implement Digital Tax From 2022: What All You Need To Know?
December 01, 2020 10:12 AM EST| By Kunal SawhneyCanada will enforce a tax on all digital service providers in the country from January 1, 2022. The amount raised by this digital taxation will boost federal coffers by C$ 3.4 billion in five years. This tax will continue till other countri.....
How Is BoC's Bond Buying Program Helping the Economy?
November 28, 2020 02:07 AM EST| By Team Kalkine MediaBuying bonds from the government is helping Bank of Canada maintain a low borrowing cost in the country, Bank of Canada Governor Tiff Macklem said at a recent event. Mr Macklem, in a statement before the House of Commons’ finance standing co.....
Canada's Payroll Employment Up 2% in September: What More Does Latest Report Show?
November 27, 2020 08:14 AM EST| By Kunal SawhneyA recent study by Statistics Canada has shown that Canada’s payroll employment grew by 337,500, or 2.2 per cent, in the month of September as the lockdown restrictions eased and the economy continued to reopen in phases. However, the st.....
.jpg)
Is Canada’s Banking System Resilient After 8 Months Of COVID?
November 25, 2020 01:40 AM EST| By Team Kalkine MediaThe onset of the COVID‑19 pandemic earlier this year triggered major concerns among central banks all around the world. The outbreak of a pandemic at this level and subsequent governments measures to contain its spread would weigh down on countri...
Canadian Businesses’ Net Income Up In Q3: How Different Sectors Fared?
November 24, 2020 01:31 AM EST| By Team Kalkine MediaAfter a length of tumultuous times triggered by the coronavirus pandemic, the third quarter (Q3) of 2020 saw a gradual recovery of economic activity in Canada, reported the Statistics Canada on Friday, November 20. Canadian businesses posted a gro.....
Canada-UK Trade Deal: What Is The New Post-Brexit Agreement?
November 23, 2020 05:30 AM EST| By Hina ChowdharyAfter months of deliberating, Canada and the United Kingdom have finally reached a post-Brexit trade agreement. Under the new agreement terms, both the countries will continue to trade under the preexisting European Union (EU). In other wor.....
Will Canadian Businesses Survive A Second Round of Lockdown?
November 22, 2020 12:30 AM EST| By Team Kalkine MediaWith the number of COVID-19 cases surging, hot spots in Ontario’s Toronto and the neighboring Peel Region are being sent under lockdown once again. The two regions have reported the greatest number of infections on a daily basis over the last.....
G20 Summit: What are the key agenda points?
November 20, 2020 08:22 PM EST| By Kunal SawhneyThe exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, the leaders representing the major economies are virtually attending the 15th meeting of Group of T.....
Consumer Confidence in Focus Ahead of Christmas Rally
November 19, 2020 08:47 PM EST| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
How Has October’s Inflation Rise Impacted Canada’s Economy?
November 19, 2020 08:06 AM EST| By Kunal SawhneyThe inflation rate in Canada spiked by 0.7 per cent year-over-year (YoY) in October 2020, up from a 0.5 per cent increase in September, reported national data agency Statistics Canada on Wednesday, November 18. The jump in the Consumer Price Index .....
How October Home Sales Data Release Impacted Canadian Real Estate Stocks?
November 19, 2020 07:39 AM EST| By Hina ChowdharySummary Real estate stocks have been trending since the CREA released its October statistics this week. The recent data showed that Canada’s home sales figures fell 0.7 per cent in October from September’s record high. The S&P/.....
Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC
November 18, 2020 07:00 AM EST| By Team Kalkine MediaThe coronavirus pandemic saw Canadians amass the largest excess cash ever in recorded history, reported a 2020 study by Canadian Imperial Bank of Commerce (CIBC). It estimated that households and businesses in the country are currently holding at l.....
How Did Canada's Manufacturing Sector Do In September?
November 18, 2020 05:34 AM EST| By Hina ChowdharyFollowing a decline of 1.4 per cent in August this year, manufacturing sales climbed 1.5 per cent to a value of C$ 53.8 billion in September, reported Canadian data agency Statistic Canada. The increase in sales, the agency noted, was seen.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 04:47 AM EST| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
Can Alberta Be Canada’s Dream Hydrogen Energy Hub?
November 16, 2020 08:03 PM EST| By Team Kalkine MediaRenewable power is the next big thing in the agenda for many major economies around the world, including Canada. According to the Natural Resources Canada (NRCan), the country currently gets around 16 per cent of its major energy supply fro.....
