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Economy
New Ontario COVID Rules Favor Big-box Chains, Target Small Businesses: CFIB
January 13, 2021 10:59 PM AEDT| 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 13, 2021 02:07 AM AEDT| 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...
US loses 140,000 jobs in December 2020
January 11, 2021 09:38 AM AEDT| 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 09, 2021 03:23 AM AEDT| 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 08, 2021 01:10 AM AEDT| 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 10:01 PM AEDT| 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 &...
Canada’s Year Of Economic Recession & Rebound In 2020
December 31, 2020 11:09 PM AEDT| 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...
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 07:36 PM AEDT| 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.....
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How Central Banks Changed the Course of 2020?
December 30, 2020 04:03 PM AEDT| 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 09:34 PM AEDT| 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 24, 2020 03:07 AM AEDT| 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...
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Ahead of Brexit, Canada & UK Agree To Temporary Trade Deal
December 23, 2020 07:21 PM AEDT| 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 23, 2020 03:33 AM AEDT| 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 07:50 PM AEDT| 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.....
How COVID-19 Pandemic May Alter The Way Canadian Cities Functions
December 20, 2020 05:51 PM AEDT| 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.....
Canada’s Retail Sales Rise For 6th Month In Row, Up 0.4% In October
December 19, 2020 03:49 AM AEDT| 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 18, 2020 03:19 AM AEDT| 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 10:16 PM AEDT| 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’s Gen X & Millennials Have Highest Debt-To-Income Ratio
December 13, 2020 02:39 AM AEDT| 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 10:20 PM AEDT| 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 (.....
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