Economy

Canadian Economic Activity Contracts for the First Time in Over a Ye...

Canadian economic activity took a downward turn in August, marking its first contraction in 13 months, according to the latest data from the Ivey Purc...

Canada's Trade Deficit Narrows as Exports Rebound in April

According to Statistics Canada, April witnessed a notable improvement in Canada's merchandise trade balance. The country's merchandise exports increas...

Brookfield Business Partners inks deal to sell Westinghouse; check d...

Brookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.

Why sending parcels may cost Aussies more?

Highlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation...

Bank of Canada hikes interest rates again: All you need to know

As inflation continues to rise, the Bank of Canada raised interest rates again on June 1. The interest rates were hiked by 0.5 per cent, bringing the...

Why is China moving against the tide in terms of interest rate chang...

Highlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have...

Political unrest in Sri Lanka amid rising economic turmoil

Highlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds hav...

Explained: How Russian economy is holding on despite heavy sanctions

Highlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries...

Three top hedges to shield your portfolio against inflation

Since the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as...

Five ways to prepare for interest rate hikes

As an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a consi...

What is Canada's Federal Budget and how it can impact you?

Highlights Budget is nothing but a detailed document highlighting how the government wants to earn and spend The finance minister is set to table...

What is the current state of inflation in OECD area?

Highlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the...

Canada budget 2022: What to expect & what are the big questions?

Highlights: In the lead up to the budget, Chrystia Freeland reportedly met with finance officials regarding innovation policy and with 20 feminist...

Why are Australia’s housing growth rates losing momentum?

Highlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. Th...

Australia Budget 2022-23: Paid Parental leave to support new dads

Highlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken...

Australian retail sales in February 2022: Three points to notice now

Retail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the...

Australia budget 2022-23 to offer petrol price relief & support firs...

Highlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on eas...

When was the last housing market crash in Australia?

The Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of w...

Impact of COVID-19 on Australian property market: Six points to note

Highlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state government...

Australia Federal Elections 2022: Will Covid wave see Aussies cast t...

Highlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-...