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News
Canadian wage growth plunges to 9-year low while 42,000 jobs vanish: StatsCan
1+ week, 1+ day ago (337+ words) The biggest blow came in the public sector, which saw 20,000 jobs lost in August, says the newest edition of Statistics Canada's labour force survey OTTAWA — After months of modest gains, Canada’s employment rate took a dive last month. That’s according…...
Canada’s living standards ‘languishing’ behind U.S. as gap in economic performance widens: study
1+ week, 4+ day ago (896+ words) Up until 2014, Canada largely kept pace with, or in some cases exceeded, the U.S. across multiple economic measures, the Fraser Institute found Canada’s economic performance has fallen further behind that of the U.S. over the past quarter century, with the gap…...
Canada's immigration system needs to be reset in order to face ongoing economic challenges, says RBC
1+ week, 4+ day ago (882+ words) Factors such as population shocks, frequent rule changes, a weakened points system and a diminished focus on skills and experience have created an unstable environment, report says Canada’s immigration strategy has lost its edge, so rebuilding trust in the system…...
GOLDSTEIN: Our economy? Now for the bad news
2+ week, 5+ hour ago (594+ words) One positive snapshot does not tell us the whole story Let’s start with the good news. The federal agency also revised an earlier finding that the economy contracted by 0.1% in the first quarter (January to March) to a 0.3% increase. That means…...
Varcoe: One oil price spike, two Alberta surpluses and an improved economic outlook amid global turbulence
2+ week, 2+ day ago (973+ words) Finance Minister Jason Nixon is also predicting a surplus for 2025-26 Call it two budget surpluses for the price of one — with a side order of improving economic growth ahead. Powered by soaring oil prices sparked by the U.S. war with…...
Opinion: Deteriorating provincial finances are throwing the burden of growth back on Ottawa
3+ week, 2+ day ago (550+ words) Marc Desormeaux: Canada is advancing an ambitious economic agenda at a time when provincial finances are under acute pressure. To achieve its goals, Ottawa will have to take on more of the risks — and foot more of the bill The…...
Canada’s economy: stalled, not broken
4+ week, 1+ day ago (309+ words) Notably, adoption remains weaker in marketing automation. Additionally, Canada’s sector composition differs meaningfully from that of the United States, with a relatively smaller technology footprint, which may further temper the near-term productivity impact of AI, as evident from Figure 1. As…...