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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....
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...
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...
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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...
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...
Canada’s Consumer Inflation Rises 1.1% YoY In February
March 18, 2021 02:16 AM AEDT| By AnujSource: ivosar, Shutterstock The Canadian Consumer Price Index (CPI) surged higher in February on mounting petroleum prices, though it marginally missed analyst expectations. The inflation rate soared as much as 1.1 per cent year-over-year (YoY), a...
Super Richest 1% Now Control 25% Of Canada’s Wealth
March 17, 2021 03:05 AM AEDT| By Ipsita SarkarSource: enciktepstudio, Shutterstock The fact that income inequality has been rising over the last couple of decades is not exactly new. But income inequality reaching an all-time high due to the pandemic-induced global economic slump is worth taki...
A Year Of Pandemic: How Canada Survived COVID In 2020
March 13, 2021 04:29 AM AEDT| By Shreya BiswasSource: Andrii Vodolazhskyi, Shutterstock While Canadians were celebrating Christmas parties with friends and family or traveling to warmer locales for the winter holidays of December 2019, a novel coronavirus was rearing its head in China’s W...
Canada’s Job Market Bounces Back In February
March 13, 2021 04:24 AM AEDT| By AnujSource: Pixel-Shot, Shutterstock Canada’s job market boomed in February 2021, propelled by the gradual economic reopening across the country, said national data agency Statistics Canada on Friday, March 12. Employment soared as much as 1.4 per...
Uber Canada Proposes Flexible Work+, Receives Mixed Reaction
March 12, 2021 02:07 AM AEDT| By Shreya BiswasSource: Siwakorn1933, Shutterstock Summary Uber Technologies reached out to Canada’s provincial governments on Wednesday to bring in regulatory changes that would allow it and other app-based companies to offer benefits to gig workers. U...
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Bank of Canada Leaves Key Rate Unchanged, Cautions On Economic Slack
March 11, 2021 02:42 AM AEDT| By Shreya Biswaseportedly being unexpectedly robust so far, some experts had projected a change of pace. The country woke up to yet another key interest announcement from Bank of Canada on Wednesday, March 10. Once again, the top lender has decided to stick to...
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Why Canada May Be A Default Benefactor of US Stimulus Plan?
March 10, 2021 05:33 PM AEDT| By Ipsita SarkarSource: Jirapong Manustrong, Shutterstock Summary US recovery plan to have beneficial spillovers for neighboring economies, including Canada. Canada’s economy to expand at 4.7 per cent this year, says the 37-member OECD. US economy to g...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 10:46 PM AEDT| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
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