Canada Economics News
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Canadian GDP growth beats StatCan forecast in Q1 2023
The Canadian economy grew at a stronger-than-expected annualized rate of 3.1 per cent in the first quarter of 2023. More B.C. tenants are evicted through no fault of their own than anywhere else in Canada
Renters in British Columbia face the highest eviction rates in Canada by far, but it’s through no fault of their own, according to a new report from researchers at the University of British Columbia. Ontario tenant hit with $350-a-month rent hike calls for more transparency in lease agreements
The St. Catharines, Ont., resident says a provincial brochure included in lease agreements is 'sneakily written' and left her under the false impression her townhouse was rent controlled. Snow crab harvesters face final offer in search of better prices
The proposal sets $2.20 per pound as the minimum price of snow crab for the rest of the season. There is the opportunity for increases, which would be tied to the Urner Barry Index, which dictates the market price. Canada's farming future in trouble unless 30,000 immigrants fill gap of retiring farmers, report says
Researchers say Canada needs 30,000 new immigrants to either start up their own farms, or take over existing ones, to avoid a looming labour crisis in the agriculture industry. Some worry, however, current programs aren't set up to attract or support that Only 3 tomatoes per customer: Vegetable shortage hits the U.K.
Several British supermarket chains have limited the amount of some fresh fruits and vegetables that customers can buy amid shortages blamed on bad weather in Spain and Morocco. Canada's inflation rate slowed to 5.9% in January, but food costs continue to rise
Canada's inflation rate slowed to 5.9 per cent in January, Statistics Canada said on Tuesday. Canada Immigration Sets New Annual Record With More Than 437,000 New Permanent Residents
Immigration to Canada set a record last year, beating its own ambitious target, with 437,120 new permanent residents entering the country. Canada added 150,000 jobs in January
Employment growth in Canada blew past economists' predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market. A look at the sneaky fees at Canada's biggest tourist spot that some call 'a total cash grab'
Marketplace has been investigating the hidden fees tacked onto consumers’ bills at hotels, restaurants and attractions in Niagara Falls, Ont., and has found the fees continue to increase with little oversight or regulation. Bonavista is looking to shut out Airbnb as long-term housing gets swallowed up by investors
The Town of Bonavista is hoping to put a freeze on accommodation properties because the short-term rental market in the popular tourism destination is putting stress on local housing, says the mayor. Canada’s economy loses momentum as rate hikes take hold
Statscan says gross domestic product rose by 0.1 per cent in November and the agency is forecasting flat growth in the final month of 2022 Inflation rate slows to 6.3% — but grocery prices are still nearly twice that
Canada's annual inflation rate cooled to 6.3 per cent in December, its lowest level since February. Canada's economy added 104,000 jobs in December, unemployment fell slightly
Canada's economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday. Half of Canadian workers will job hunt in 2023 for better pay and perks, according to poll
Half of Canadian workers plan to look for a new job in 2023, a nearly twofold increase from just a year ago, according to a new poll by recruitment firm Robert Half. By 9:43 a.m., Canada's richest CEOs have already earned the average worker's annual salary
According to a report released Tuesday by the Canadian Centre for Policy Alternatives, an Ottawa-based think-tank, the 100 best-paid chief executive officers in Canada now make 243 times what the typical worker earns: $14.3 million versus $58,800. Canadian doctors trained at international medical schools increasingly giving up on their home country for work
Canada’s health care system needs physicians to fill important gaps, but it has also set up barriers for international graduates to practise here instead of the U.S., Britain and Australia Avian flu causing turkey shortage ahead of Christmas, B.C. Poultry Association says
Avian flu is causing a turkey shortage in British Columbia, the B.C. Poultry Association said, warning it could pose a challenge for customers ahead of the high-demand Christmas season. Canada not doing enough with its highly educated immigrants, StatsCan says
Thanks in part to highly educated immigrants, Canada has the highest percentage in the G7 of working-age people with college or university credentials, according to Statistics Canada. Yet the agency suggests we're 'leaving talent on the table' by failing Why Ontario buyers are scooping up investment properties in Calgary
In recent years, the Calgary real estate market has seen a significant amount of investment from out-of-province buyers, particularly those in Ontario. Latest GDP numbers show Canada's economy is still growing, but signs of slowdown are everywhere
Canada's economy expanded slightly in September, with the country's gross domestic product growing by 0.7 per cent during the third quarter. Sask. farmers, researchers worry investor-bought land 'empties out the countryside'
Saskatchewan makes up about 40 per cent of Canada's farmland. Family farms own the vast majority of it, but researchers say large agriculture companies or investors who rent it out now control about two per cent. Canada wants to welcome 500,000 more immigrants in 2025. Can our country keep up'
Policy makers say higher immigration is necessary to fuel Canada’s economic growth, and in particular, to ease labour shortages, but with a population boom comes growing pains Diesel price tops $3 per litre after overnight hike
The price of diesel and furnace oil in New Brunswick spiked overnight. Canada's inflation rate cools to 7%, but food prices are still climbing
Canada's inflation rate cooled to seven per cent in August, Statistics Canada said Tuesday. But food prices are still climbing, with the cost of groceries rising by 10.8 per cent in the past year. $600 to share a bedroom: Migrant workers lose their jobs after complaining about rent
Quebec's workplace health and safety board has ordered a food processing company to reimburse two former employees for excess rents. The company says it was only covering its costs. China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut
Move comes after a month in which retail sales, property prices and youth unemployment worsened Why nobody gets a tax benefit when you donate at the checkout
We're often asked at the checkout counter to give money to charity, but who gets the tax receipt? According to industry experts, nobody does — and the whole system is a boon for charities, and for retailers' marketing efforts. Inflation rises again, to new 39-year high of 8.1%
Canada's inflation rate rose to 8.1 per cent last month, Statistics Canada says, the fastest annual increase in the cost of living in decades. Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998
The Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation. June CPI Live Updates: Report Expected to Show High Inflation
The Consumer Price Index rose 9.1 percent from a year ago, a 40-year high. Food, rent and gasoline were among the categories that recorded the sharpest increases. Canada unexpectedly lost 43,000 jobs last month
Statistics Canada says Canada's economy lost jobs for the first time since January last month, as a sharp drop in the number of older as well as self-employed workers led the way down.Sri Lanka energy minister warns petrol stocks about to run dry
The crisis-hit country's next shipment of petrol is not due to arrive until later this month.
The crisis-hit country's next shipment of petrol is not due to arrive until later this month. How Core entered Ontario’s single-family home rental market
Critics say the company is profiting off a housing crisis. Core, which has bought more than 80 homes in Ontario so far, says it’s providing family-sized rentals to those who need them. Canada's inflation rate now at 7.7% — its highest point since 1983
Canada's inflation rate rose at its fastest pace in almost 40 years in the year up to May, as the price of just about everything continues to go up fast. Job vacancies in Canada hit record high
Job vacancies reached a record quarterly high of nearly one million in the first three months of 2022, continuing a trend started in the first quarter of 2016. WTO agrees deals on Covid vaccines and overfishing
The World Trade Organization announces a raft of agreements after five days of negotiations. Canada ranks 9th for migrating millionaires
Canada is among the top 10 countries expected to see a positive inflow of millionaire migrants this year, according to the latest Henley Global Citizens Report. Almost a quarter of Canadians report eating less than they should due to rising prices: survey
A new survey suggests a growing number of Canadians are struggling with the rising cost of food, as prices for basics like pasta, bread and meat all soar. Eurozone inflation set new record in May, rising to 8.1%
Eurozone inflation hit a record 8.1 per cent in May amid surging energy and food costs fuelled in part by Russia's war in Ukraine. Canada's inflation rate inches up again, to new 31-year high of 6.8%
The cost of living continues to rise at the fastest pace in decades, with Canada's official inflation rate rising at a 6.8 per cent annual pace in April, a new 31-year high.NYC Now Has More Airbnb Listings Than Apartments for Rent
Available rental inventory in all of Manhattan, Brooklyn, and northwest Queens was just 7,669 in April — several thousand less than the number of entire-apartment and -home Airbnb rentals available in New York right now: 10,572, according to AirDNA.
Available rental inventory in all of Manhattan, Brooklyn, and northwest Queens was just 7,669 in April — several thousand less than the number of entire-apartment and -home Airbnb rentals available in New York right now: 10,572, according to AirDNA. Why a Zimbabwean firm offers pensions denominated in cows
KELVIN CHAMUNORWA’S mother was a middle manager at a bank in Zimbabwe. She worked there for 25 years, steadily contributing to a pension. But horrendous inflation, which reached an annual rate of 231,000,000% in mid-2008, wiped out her savings. When sheBack to Canada News
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