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Economy
Canadian Federal Budget 2021: Will Liberals Announce Stimulus Package?
March 26, 2021 01:50 AM AEDT| By Team Kalkine MediaSource: fizkes, Shutterstock After a two-year long wait, Finance Minister Chrystia Freeland is all set to announce the federal budget on April 19. So, what can we expect from the budget? For starters, Canadians would like to have extended income su...
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Bank of Canada To Wind Up COVID-Triggered Liquidity Programs
March 25, 2021 12:39 AM AEDT| By Shreya BiswasSource: Portrait Image Asia, Shutterstock Summary The Bank of Canada (BoC) said on Tuesday that it will be rolling back the support programs it had extended to help the economy through the pandemic. The central bank plans to suspend or discont...
Canada Sets Budget Date After 2 Years: What We Know
March 24, 2021 09:09 PM AEDT| By Shreya Biswasfor FM Freeland, who took over the office after Bill Morneau resigned last year. The Canadian government will finally table a fresh budget for 2021 on April 19. Finance Minister Chrystia Freeland made the announcement on Tuesday, March 23. The....
RBNZ voices concerns over Westpac’s breach of liquidity norms
March 24, 2021 12:37 PM AEDT| By Sonali> APRA also took actions against Westpac due to liquidity issues in December. Reserve Bank has asked Westpac to take a closer look at its risk governance practices and ordered the company to pay for 2 independent reports to address the same. O...
Why the UK Unemployment Rate Fell for The First Time Since the Pandemic
March 24, 2021 01:40 AM AEDT| By Suhita PoddarSource: Tong_stocker, Shutterstock Summary The Office for National Statistics reported that UK’s unemployment rate fell to 5% in January, beating the previous forecast of 5.2%. The December jobless rate was 5.1%. The number of payrolls...
Manawatu-Wanganui Attracting NZ House Investors By Offering Big Capital Gains
March 24, 2021 12:39 AM AEDT| By Team Kalkine MediaSource: Fusionstudio, Shutterstock Earlier in March 2021, IMF stated that New Zealand government should consider using capital gains tax (CGT) to control the enormous rise in its property prices. Source: Copyright © 2021 Kalkine Media Pty Lt...
Federal Government Extends CEBA Loan Till June 30
March 23, 2021 09:37 PM AEDT| By Team Kalkine MediaSource: fizkes, Shutterstock Summary This extension will enable businesses to get the support they need amidst COVID-19 restrictions and regulations. Over 8.5 million loans under this scheme have been granted till March 18, 2021. In a bid...
What is Australia doing to solve the oceans’ plastic waste problem?
March 23, 2021 07:35 PM AEDT| By Team Kalkine MediaSource: chaiyapruek youprasert ,Shutterstock Summary The plastic problem poses a grave threat to Australia’s crown jewel, the Great Barrier Reef and has been responsible for killing several marine species, including dolphins, seabirds, du...
New Zealand PM Ardern announces plans to combat housing crisis
March 23, 2021 02:50 PM AEDT| By Team Kalkine MediaSource: Brian A Jackson Shutterstock Summary NZ government has released a range of housing policies to increase housing supply and reduce investor demand. Government plans to keep NZ$3.8 billion aside to fund infrastructure around housing...
New Zealand set to announce measures to curb surging housing prices
March 22, 2021 06:58 PM AEDT| By Team Kalkine MediaSource: Nopparat Khokthong, Shutterstock Summary The NZ government is set to lay out a range of measures to help first-time home buyers and increase housing supply. A range of monetary and fiscal measures have led to soaring property prices in...
1 in 5 Canadians Faced Depression, Anxiety Or PTSD Amid COVID: StatCan
March 21, 2021 04:42 PM AEDT| By Shreya BiswasSource: Guschenkova, Shutterstock Summary A Statistics Canada survey found that one in five Canadian adults suffered from either depression, generalized anxiety disorder or posttraumatic stress disorder (PTSD). Nearly one in four women screene...
Retail Sales Plunge In Canada For 2 Months In A Row
March 20, 2021 01:45 AM AEDT| By AnujSource: Madcat_Madlove, Shutterstock For the second consecutive month, retail sales in Canada went down by 1.1 per cent in January 2021, according a report release by Statistics Canada on Friday. Last month, Canadian retails sales had witnessed the...
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Canada’s Economic Recovery Linked To COVID’s Path: IMF
March 19, 2021 11:56 PM AEDT| By Shreya BiswasSource: Nhemz, Shutterstock Summary The International Monetary Fund’s (IMF) annual report said that the recovery of the Canadian economy is “inexorably linked” with how the COVID-19 evolves. The IMF also suggested that introd...
Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes
March 19, 2021 04:15 PM AEDT| By Daminintinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...
UK Govt Borrowed £19.1 Bn In February, Highest In 28 Years
March 19, 2021 03:11 PM AEDT| By AbhijeetSource: Freedomz, Shutterstock Summary The UK government borrowed £19.1 billion in February, the highest since 1993. The fiscal deficit for the first 11 months of the financial year was at £8 billion, up 6% year-on-year. According...
Brexit Woes: Exports to UK From Europe Sank by Record 27.4% In January
March 19, 2021 02:52 AM AEDT| By Suhita PoddarSource: MOLPIX, Shutterstock Summary Latest data show exports to the UK from Europe fell by 27.4 per cent to €18 billion in January. Britain’s export to the union also fell by 59.5 per cent to €6.4 billion. Data from Ireland s...
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The Economic Corner
March 19, 2021 12:30 AM AEDT| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
BoE MPC March 2021: Rates Kept At 0.1%, Policy Stance Remains ‘Appropriate’
March 18, 2021 11:56 PM AEDT| By Abhijeetee has kept the policy stance “appropriate” at its meeting ended on 17 March 2021 The Bank of England (BoE) Monetary Policy Committee (MPC) on Thursday, 18 March, maintained the key lending rates near zero, at 0.1 per cent, for the e...
Biggest Global Economic Updates
March 18, 2021 04:33 PM AEDT| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
Top 5 developments from Australia and world
March 18, 2021 02:06 PM AEDT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
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