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Economy
53% of Canadians Are C$200 Away From Being Flat Broke: Survey
April 09, 2021 02:29 AM AEST| By Shreya BiswasSource:Who is Danny, Shutterstock Summary The Trudeau government recently said that it is looking into rolling back the many financial aid and loan deferral programs it put in place amid the pandemic. Meanwhile, a recent study found that the n...
UK construction output in March expands at sharpest pace since Sep 2014: Survey
April 08, 2021 11:25 PM AEST| By AbhijeetSource: Sorn340 Studio Images, Shutterstock Summary The UK construction sector recorded growth in March 2021. The Markit UK Construction Index for March came in at 61.7. The House building index contributed the highest in construction activit...
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Ahead Of Canadian Federal Budget, Calls Mount For 'She-Covery'
April 08, 2021 01:00 AM AEST| By Team Kalkine MediaSource: fizkes, Shutterstock Summary The accommodation and food industry, which employs more women, is probably the hardest-hit segment in the pandemic. Half a million women who lost their jobs during the COVID-19 crisis didn't return to their...
UK services economy returns to growth in March, strongest optimism seen since Dec 2006: survey
April 07, 2021 08:48 PM AEST| By AbhijeetSource: Rawpixel.com, Shutterstock Summary The UK services economy has returned to growth in March 2021. The March 2021 reading is notch above from March 2020. The IHS Markit/CIPS UK Services PMI grew to 56.3. The survey has signalled stronge...
IMF Raises 2021 US Growth Forecast To 6.4%
April 07, 2021 05:49 PM AEST| By Team Kalkine MediaSource: DCStockPhotography, Shutterstock Summary Global economy is estimated to grow 6 percent in 2021 after contracting 3.3 percent in 2020. Additional fiscal support in a few large economies particularly the U.S. boosted the outlook. Global e...
US Adds 916,000 Jobs in March; Jobless Rate Down 6%
April 07, 2021 05:26 PM AEST| By Team Kalkine MediaSource: Pixabay Summary Job growth in March highest since August 2020. Unemployment rate dropped 0.2 percent from February. Employment still down by 8.4 million from the pre-pandemic high in February 2020. The U.S. economy added 916,000...
UK Mid-Sized Businesses Plan A Hiring Drive to Spearhead Growth: BDO Survey
April 06, 2021 07:29 PM AEST| By AbhijeetSource: TheCorgi, Shutterstock Summary According to BDO survey, 86 per cent of the survey respondents wish to hire more staff in the next six months. Three-fourths of the businesses surveyed expect to come back to the pre-pandemic revenue size...
Here’s why RBA hasn’t changed the interest rates
April 06, 2021 03:38 PM AEST| By Team Kalkine Mediato a record low in November to boost the economy during the COVID-19 pandemic. The Reserve Bank of Australia (RBA) on Tuesday maintained the cash rate and 3-year bond yield target at 0.10 per cent. The Australian central bank had cut down the of...
Kiwi renters are struggling despite government’s housing market changes
April 06, 2021 03:06 PM AEST| By Team Kalkine MediaSource: godshutter, Shutterstock Last week, Ardern had announced many changes to the housing market, which included removal of interest as a taxable expense for landlords, increased income caps for first home buyers and extension of bright line test...
NZ Productivity Still Low, says Productivity Commission Chief
April 06, 2021 10:53 AM AEST| By RomaSource: Jojje, Shutterstock Summary New Zealand’s productivity recorded low as compared to its GDP. Economist reveals what the country’s economy really needs right now. Housing sector hacks that can get the desired productivi...
Is Australia’s property market on the cusp of a boom?
April 04, 2021 12:32 AM AEDT| By SukritiSource: George Rudy, Shutterstock Summary In the December quarter, the Australian residential property market rose by 3%, a higher quarterly growth since December 2019. Improvement in the economic scenario, Government's stimulus aid, and...
Card spending at 78% of the pre-Covid levels, new ONS data reveals
April 03, 2021 12:10 PM AEDT| By Suhita PoddarSource: feeling lucky, Shutterstock Summary Latest ONS data shows that last week’s spending through payment cards was at 78 per cent of pre-Covid levels. Spending on staples through cards in the latest week was at 111 per cent of Februar...
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Hope At Last: Canadian GDP May Expand By 5.8% in 2021
April 03, 2021 12:37 AM AEDT| By AnujSource: patpitchaya, Shutterstock The Canadian economy is on recovery path and finally staring at sustainable and inclusive growth. However, the growth rate is nowhere near the pre-pandemic levels due to rising debt and mounting fiscal deficit. The...
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Worrying about rising bond yields? Here’s how to protect your portfolio
April 02, 2021 04:43 AM AEDT| By AayushSource: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...
WTO Projects Growth In Global Trade But Vaccination Lag May Pose A Threat
April 01, 2021 11:26 PM AEDT| By Team Kalkine MediaSource: F8 studio, Shutterstock Summary World Trade Organization (WTO) has revised its growth forecast for global trade in 2021. The rollout of vaccines worldwide has infused optimism in the markets for economic revival. Last year when the pa...
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Why the FCA Is Trying to Lure SPACs To the UK Markets
April 01, 2021 10:47 PM AEDT| By Suhita PoddarSource: Worawee Meepian, Shutterstock Summary The Financial Conduct Authority (FCA) would be overhauling its rules to lure special purpose acquisition companies (SPACs) to the UK. SPACs do not have any business operations but raise money throu...
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Price Rise: NZ Housing Crisis Continues To Bite Kiwis
April 01, 2021 08:08 PM AEDT| By Team Kalkine MediaSource: Artazum Shutterstock Summary NZ middle-class and first-time home buyers sweat it out, as affordable accommodation appears to be distant dream. Housing issue continues as their prices escalate to a record high of 16.1% since 2006. Gove...
Is There Any Steam Left In The Retail Sector Amid Upcoming Easter Weekend?
April 01, 2021 05:35 PM AEDT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary Retail sales dwindled 0.8 per cent in February 2021, typically impacted by lockdown in Victoria and Western Australia. Food retailing saw the highest decline while sales of electronics, cafes...
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BCC Survey: UK’s Business Conditions Poor in Q1 2021
April 01, 2021 03:45 PM AEDT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A survey by BCC has found that UK’s business conditions were historically poor in Q1 2021. But business sentiments in the same quarter were also boosted by government’s lockdown easing r.....
Canada GDP Up For Ninth Consecutive Month, Rises 0.7% In Jan
April 01, 2021 02:11 AM AEDT| By AnujSource: patpitchaya, Shutterstock Canada’s gross domestic product (GDP) grew 0.7 per cent on a month-over-month (MoM) basis in January 2021, compared with a 0.1 per cent increase in December 2020, as the Statistics Canada report released on We...
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