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Economy
Bill Morneau resigns from Trudeau cabinet, speculations begin on next Finance Minister
August 18, 2020 03:40 AM AEST| By Team Kalkine Medialos and deputy PM Chrystia Freeland top contenders. Finance Minister Bill Morneau stepped down from his cabinet position on Monday (August 17) amid reports of increasing rift with Prime Minister Justin Trudeau over federal spending on COVID supp...
RBA's Projection: What if the Cash Rate stays at 0.25 per cent for 3 years?
August 17, 2020 05:47 PM AEST| By Team Kalkine MediaRBA held its cash rate at 0.25% in the latest monetary policy meeting on 4 August, and the move will continue to dampen the effects of coronavirus crisis on financially distressed borrowers. Interest rates are likely to be at record lows for some t.....
Travel Bubbles: Knights in Shining Armour for Battered Travel Industry
August 15, 2020 03:51 AM AEST| By Team Kalkine MediaWith COVID-19 pandemic initiating widespread border closures and leaving thousands of airplanes grounded, the global travel industry has been actively devising means to resume domestic and international travel with appropriate safety measures. Trav.....
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Scan Through Five Green Shoots Gleaming in NZ Property Market
August 14, 2020 07:33 PM AEST| By Team Kalkine MediaSummary Property market has begun to exhibit some prominent signs of recovery, charting out optimistic growth trajectory. NZ noted a M-o-M surge of 3.4 per cent in nation’s median house prices in July 2020, as per REINZ monthly property r.....
What Do Housing Starts Figures Say About Canadian Economy & Real Estate Market?
August 14, 2020 03:54 AM AEST| By Team Kalkine MediaSummary Housing starts have bounced back in July, hitting a two-year high, says Canada Mortgage and Housing Corporation (CMHC). A rise in housing starts means the economy is recovering as activities pick up across country amid eased restriction.....
China’s CPI numbers and Australian tie-ups
August 13, 2020 12:22 AM AEST| By Edita IvancevicDue to the coronavirus pandemic, countries around the world are experiencing a rise in prices of goods. Apart from the price increase, many territories are printing more money, resulting in currency inflation. Both situations mentioned above are c.....
Victoria’s second wave of COVID-19 is pulling down jobs and consumer spending
August 12, 2020 07:23 PM AEST| By Team Kalkine MediaSummary The lockdown imposed in Victoria is dragging down the nation's jobs market and consumer spending. ANZ and CBA data shows a deteriorated spending in Victoria due to stage 4 restrictions, but a rise in spending for the rest of the country.....
How are NZ Educational Institutions Bracing for 2021 Calendar?
August 12, 2020 04:49 PM AEST| By Team Kalkine MediaThe Government of New Zealand is planning to provide NZ$214 million as COVID-19 response and recovery fund. The aid will be provided to schools and help the construction of companies that are addressing additional costs because of the ongoing healt.....
Despite Rising Employment Figures, Canada is Staring at Bumpy Economic Growth
August 12, 2020 03:48 AM AEST| By Kunal SawhneyCanada's job growth is trickling back, inch by inch. In July, the economy added 419,000 jobs while the jobless rate dropped to 10.9 per cent. A total of 1.66 jobs were regained in the last three months. Yet, the employment numbers are nowhere clos.....
CERB is ending for millions of Canadians. What Next?
August 12, 2020 03:45 AM AEST| By Team Kalkine MediaA week after Canada imposed sweeping countrywide lockdown to limit the spread of the coronavirus, Prime Minister Justin Trudeau unveiled a fiscal stimulus package which included an income replacement fund called the Canada Emergency Response Benefi.....
What is the Street Anticipating from NZ Central Bank?
August 11, 2020 05:01 PM AEST| By Team Kalkine MediaWith coronavirus ravaging the economies worldwide, governments and central banks are taking up widespread fiscal and monetary measures to fight the spread and economic fallout arising due to COVID-19. Reserve Bank of New Zealand (RBNZ) has declare.....
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China exports grow 7.2pc in July while clouds loom over Australia-China relations
August 10, 2020 07:50 PM AEST| By Team Kalkine MediaSummary China's exports rose 7.2% in July, while imports fell 1.4% compared to a year ago. The rise in exports came due to the rising demand for medical supplies, and automobiles as coronavirus restrictions eased around the world. China's trad.....
RBA charts out Economic Recovery Forecasts apparently with 'No Vaccine Roll-out' assumption
August 10, 2020 03:11 PM AEST| By Team Kalkine MediaSummary A rise in the number of coronavirus cases in Victoria post June has deteriorated the broader outlook of the Australian economy. The economy is expected to shrink by 6% in 2020 with a growth of 5% in 2021, while the unemployment rate is .....
Leaf Through Three Key Factors Defining Travel Space Recovery Scenario
August 09, 2020 01:26 AM AEST| By Team Kalkine MediaDespite Australian Prime Minister’s recent statement on continuation of international travel restrictions for some months amid COVID-19 pandemic, the share prices of multiple travel players demonstrated considerable strength on Friday, closin.....
Weekly Economic Calendar: Upcoming Global Updates Under the Spotlight
August 09, 2020 12:10 AM AEST| By Team Kalkine MediaSummary Amidst COVID-19 storm, economies all across the globe have started to reopen in the hope of registering a pyrrhic victory post a bleak first half 2020. After suffering thick and fast, America, China, Australia and New Zealand brace to r.....
Can Negative Interest Rates Become A Reality For The British Economy?
August 09, 2020 12:01 AM AEST| By Team Kalkine MediaSummary Benefits of a negative interest rate regime not very clear, especially in a very subdued demand scenario, due to the deadly impact of the coronavirus pandemic Banks already have a large amount of bad debts in their balance sheets, and n.....
Five-Point Action Plan to Survive COVID-19 Storm
August 09, 2020 12:00 AM AEST| By Team Kalkine MediaSummary The nation’s job market seems to be on track to defeat the pandemic, widening the professional skill set is crucial. Given the potentially positive signs emerging so far, the economic indicators deserve closer attention while gaug.....
Why Did Trump Reignite Aluminum Tariff War on Canada?
August 08, 2020 12:46 AM AEST| By Team Kalkine Media(Featured image Source: Government of Canada Photos) Summary United States President Donald Trump imposed tariffs on aluminum imports from Canada. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. Th...
JobKeeper Scheme to cost an extra $15 billion amid Victoria crisis
August 07, 2020 09:51 PM AEST| By Team Kalkine MediaSummary Changes worth $15 billion were made in the extended JobKeeper scheme. Businesses will now have to prove a decline in their GST turnover for only one quarter to qualify for JobKeeper extension, and workers will also qualify for the schem.....
Canadian Insolvency Filings Decline By Record Numbers After Federal Support
August 07, 2020 03:31 AM AEST| By Team Kalkine MediaCanada’s economic response plan and fiscal stimulus measures deployed to soften the blow of the pandemic seems to be bearing fruit. While tens of thousands of establishments shut down in the months of March and April, consumer and business in.....
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