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Economy
Greyhound Canada Exit Brings Opportunity For Local Bus Operators
May 18, 2021 02:18 AM AEST| By Team Kalkine MediaWhen motorcoach operator Greyhound ceased operations in Western Canada in 2018, communities in small towns including Massey in Ontario and Osoyoos in British Columbia were forced to find alternate ways of transportation. Now, in 2021, amid the pandem...
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
May 12, 2021 09:05 AM AEST| By Team Kalkine MediaSummary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc.....
ZEVs Can Be A Driving Force To Attain Canada’s Emission Targets
May 09, 2021 07:09 PM AEST| By Team Kalkine MediaPromises can be easy to make, a little challenging to keep. And when the promise is as ambitious as having net zero greenhouse gases emission by year 2050, challenges too are enormous. When Prime Minister Justin Trudeau recently pledged that Canada...
US Employment Numbers Fall Short of Expectations in April 2021
May 09, 2021 01:56 PM AEST| By DaminiAgainst widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Department showed that the economy added a disappointing 266,000 jobs last month. The report came as a sur.....
Increasing Women MPs Can Fix Canada’s Drop In Corruption Index
May 09, 2021 12:00 AM AEST| By Kunal Sawhney‘Peace, order and good government’ underpin Canada’s electoral and legislative landscapes. A country classified as a ‘full democracy’, it corroborated its democratic characteristics by scoring big in The Economist Intell...
The Rising Role of Hydrogen in Canada’s Zero Emissions 2050 Target
May 08, 2021 01:01 PM AEST| By Team Kalkine MediaSummary Canada is currently in the list of top ten hydrogen producing countries. Canada’s federal budget 2021 mentions the term ‘hydrogen’ 30 times. Federal government will extend tax incentives to businesses using hydrogen. .....
How Will Amazon’s Alberta-Based Solar Plant Affect Canada?
May 01, 2021 05:33 AM AEST| By Team Kalkine MediaSummary Amazon Inc announced on April 19 that it plans to invest in an 80 megawatt solar power project that is based in Alberta province’s Newell County. According to the company, the project is expected to produce nearly 195,000 megawatt.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 03:33 PM AEST| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
BoC’s Record Low Policy Rate Is A Shot In The Arm After Budget Stimulus
April 22, 2021 07:10 PM AEST| By Team Kalkine MediaSummary Bank of Canada maintains benchmark interest rate at 0.25 per cent. Bank says Canadian and global economy will rebound quickly, with Canada GDP growth at 6.5 per cent in 2021. Inflation is high as prices in same month last year plunged .....
Budget 2021: What’s In It For Corporate Canada?
April 22, 2021 12:00 PM AEST| By Team Kalkine MediaIn the wake of pandemic-induced lockdowns and stressed financials, private investment is under pressure for most companies. But Chrystia Freeland’s Federal Budget 2021 has enough elements to cheer businesses. The federal budget hits the right...
Canada’s Annual Inflation Rate Spiked To 2.2% In March. Here’s Why
April 22, 2021 02:08 AM AEST| By Shreya BiswasSummary Canada’s Consumer Price Index (CPI) shot up by 2.2 per cent year-over-year (YoY) in March 2021, reported Statistics Canada. This was a notable increase from the 1.1 per cent YoY gain in February. On a seasonally adjusted monthly .....
Exploring The ‘Non-Budgetary’ Part of Canada Budget 2021
April 21, 2021 05:31 AM AEST| By Team Kalkine MediaFederal budgets are usually seen as a document outlining the ruling government’s revenue and spending plans, along with some commentary on the upcoming year’s economic conditions. Canadian Finance Minister Chrystia Freeland, however, inc...
The Tax Element of Canada’s Federal Budget 2021
April 21, 2021 04:50 AM AEST| By Team Kalkine MediaCanada’s Federal Budget 2021, tabled by Finance Minister Chrystia Freeland on April 19, had two key aspects – spending and revenue. The former is a much-debated topic, owing to Canada’s high deficits and skyrocketing government debt...
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Canada Budget 2021 Analyzed: How Freeland Invoked Keynes?
April 20, 2021 09:52 PM AEST| By Team Kalkine MediaFinance Minister Chrystia Freeland on Monday, April 19, unveiled plans for increased public investment at a time when it is direly needed. Many may be wondering how these investments would translate into a better tomorrow for Canada’s business...
Federal Budget 2021 Paves Way For More Jobs In Canada
April 20, 2021 08:17 PM AEST| By Team Kalkine MediaSummary Finance Minister Chrystia Freeland’s much-awaited Federal Budget 2021 focused majorly on economic regrowth. It aims to bring in rapid economic recovery and increase employment, the finance minister said. The government revealed p.....
Canada’s 'Feminist' Budget 2021: What's In Store For Women?
April 20, 2021 10:45 AM AEST| By Shreya BiswasSource: Shutterstock A little over a month ago, while celebrating International Women’s Day, Canada had unveiled an all-female task force that was meant to ensure that the 2021 federal budget remembered women and addressed gender inequality. C...
Snapshot: Canadian Federal Budget 2021 & Its Key Allocations
April 20, 2021 09:25 AM AEST| By AnujSource:Saklakova, Shutterstock The Canadian government tabled its expenditure plans on Monday evening to fight against the COVID-19 pandemic and reenergize the economy amid a coronavirus crisis. As projected by some analysts, Liberals’ federal...
Canada Pours C$101.4-billion, Stacks Up Historic Fiscal Deficit
April 20, 2021 07:54 AM AEST| By Ipsita SarkarSource:vintagetone, Shutterstock With snap polls in mind, the federal government’s first budget in two years poured another C$101.4-billion pandemic stimulus to chart out an economic course for pandemic-hit Canada. The fiscal deficit for 2020-...
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