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Economy
Canadian Economic Activity Contracts for the First Time in Over a Year
September 09, 2024 04:00 PM AEST| By Team Kalkine MediaCanadian economic activity took a downward turn in August, marking its first contraction in 13 months, according to the latest data from the Ivey Purchasing Managers Index (PMI) released on Friday. The decline reflects a significant slowdown in emplo...
Canada's Trade Deficit Narrows as Exports Rebound in April
June 07, 2024 11:42 AM AEST| By Team Kalkine MediaAccording to Statistics Canada, April witnessed a notable improvement in Canada's merchandise trade balance. The country's merchandise exports increased by 2.6%, while imports saw a more modest rise of 1.1%. Consequently, Canada's trade deficit with...
Brookfield Business Partners inks deal to sell Westinghouse; check details
October 13, 2022 12:56 PM AEDT| By Team Kalkine MediaBrookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.
Why sending parcels may cost Aussies more?
June 15, 2022 06:31 PM AEST| By Akanksha VashishtHighlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation costs emanating from Russia-Ukraine war have made things tougher for postal service providers. Th.....
Bank of Canada hikes interest rates again: All you need to know
June 02, 2022 12:02 AM AEST| By Raza NaqviAs 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 benchmark overnight rate to 1.5 per cent. Also Read: 5 top TSX stocks to buy in June while prepar.....
Why is China moving against the tide in terms of interest rate changes?
May 22, 2022 12:15 AM AEST| By Akanksha VashishtHighlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have landed major businesses in losses, resulting in shipment delays. The Chinese central bank has rece...
Political unrest in Sri Lanka amid rising economic turmoil
May 14, 2022 12:00 AM AEST| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
Explained: How Russian economy is holding on despite heavy sanctions
May 05, 2022 11:21 AM AEST| By Toshiva JainHighlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco.....
Three top hedges to shield your portfolio against inflation
May 01, 2022 12:42 AM AEST| By AayushSince the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest.....
Five ways to prepare for interest rate hikes
May 01, 2022 12:28 AM AEST| By Akanksha VashishtAs 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 considerable share of their income. Most financial markets expect the RBA to raise interest rates as so.....
What is Canada's Federal Budget and how it can impact you?
April 07, 2022 07:56 PM AEST| By Ankit SethiHighlights Budget is nothing but a detailed document highlighting how the government wants to earn and spend The finance minister is set to table the Budget 2022 on 7 April in the House of Commons Budget 2022 is likely to shape up the Canadian.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
Canada budget 2022: What to expect & what are the big questions?
April 06, 2022 12:14 AM AEST| By Sundeep RadeshHighlights: In the lead up to the budget, Chrystia Freeland reportedly met with finance officials regarding innovation policy and with 20 feminist organizations Prime Minister Justin Trudeau and the New Democrats agreed to support the minority .....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
Australia Budget 2022-23: Paid Parental leave to support new dads
March 31, 2022 01:32 AM AEDT| By Akanksha VashishtHighlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken any time within two years of the birth or adoption of a child. The introduced changes are likely .....
Australian retail sales in February 2022: Three points to notice now
March 29, 2022 02:47 PM AEDT| By Akanksha VashishtRetail 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 retail sector was one of the first sectors to get affected by pandemic-related disruptions. Wh.....
Australia budget 2022-23 to offer petrol price relief & support first home buyers
March 29, 2022 04:29 AM AEDT| By Akanksha VashishtHighlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on easing the cost of living pressures and housing affordability. Critics argue that the government.....
When was the last housing market crash in Australia?
March 28, 2022 07:07 PM AEDT| By Akanksha VashishtThe 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 widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices.....
Impact of COVID-19 on Australian property market: Six points to note
March 26, 2022 12:59 AM AEDT| By Akanksha VashishtHighlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the .....
Australia Federal Elections 2022: Will Covid wave see Aussies cast their vote via phone?
March 23, 2022 07:28 PM AEDT| By SukritiHighlights 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-variant has begun to worry Australia. The ongoing surge of Covid-19 cases could see thousands of .....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025