Canada Economics News
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How philanthropy benefits the super-rich
Economics | 208112 hits | 5:48 AM on Tuesday | posted by BeaverFever
Still considered by many a fringe view of economics, MMT as it is popularly known suddenly seems to be moving into the mainstream as governments borrow and spend. Alberta has the highest mortgage deferral rates in Canada
Around one-in-five mortgages in Alberta remains in deferral, the highest rate of any province in the country, according to the Canada Mortgage and Housing Corporation.Fiscal austerity and the rise of the Nazis
Economics | 207389 hits | 8:21 AM on Friday | posted by BeaverFever
Average CEO earnings soared to $21.3 million last year and could rise again in 2020 despite the coronavirus recession
Economics | 207192 hits | 6:07 PM on Tuesday | posted by BeaverFever
U.S. natural gas giant Chesapeake Energy goes bankrupt
Bankrupt U.S. shale pioneer Chesapeake Energy on Monday laid out its long-term plans and detailed dramatically reduced drilling through the end of the year, with half the rigs as it had to start 2020. Chesapeake on Sunday became the largest U.S. oil and g
Bankrupt U.S. shale pioneer Chesapeake Energy on Monday laid out its long-term plans and detailed dramatically reduced drilling through the end of the year, with half the rigs as it had to start 2020. Chesapeake on Sunday became the largest U.S. oil and g US China cold war 'bigger global threat than virus'
Influential economist Jeffrey Sachs also warns the world is headed for a period of "massive disruption". 'Not unthinkable' that Canada's debt could hit $1 trillion this fiscal year, PBO says | CTV News
Parliamentary Budget Officer Yves Giroux says it's "not unthinkable" that the federal debt could reach $1 trillion during this fiscal year as the economic response to the COVID-19 pandemic continues. U.S. economy lost 20.5 million jobs in April
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy. Nearly two million jobs lost as Canada's jobless rate hits 13 per cent in April: StatCan | CTV News
The Canadian economy lost almost two million jobs in April, a record high, as the closure of non-essential services to slow the spread of COVID-19 forced businesses to shutter temporarily. The pandemic is creating a season of anxiety in hard-hit farm sectors
Canada is not running out of food. But the pandemic is putting unprecedented pressures on certain agriculture sectors — and the long-term future of the globalized food trade is under a cloud. C.D. Howe's Business Cycle Council says Canada has entered a recession due to COVID-19 pandemic | CTV News
The C.D. Howe Institute's Business Cycle Council says Canada has entered a recession due to the economic devastation caused by the COVID-19 pandemic. Canada lost more than 1 million jobs last month as COVID-19 struck
Canada's economy lost more than one million jobs in March, Statistics Canada said Thursday, pushing the jobless rate up to 7.8 per cent.
Economists had been expecting the figure to come it at around 500,000 jobs lost, which already would have been the U.S. jobless claims soared to record 3.2M last week as COVID-19 crisis took hold
The number of Americans applying for government jobless benefits shattered the previous record level last week, as more than three million workers suddenly found themselves out of work.
The number of Americans applying for government jobless benefits shattered the previous record level last week, as more than three million workers suddenly found themselves out of work. Canada to spend $1 billion combating COVID-19 spread, economic impacts | CTV News
The federal government is putting more than $1 billion into its plan to combat and mitigate the impacts of the outbreak of COVID-19 in Canada, Prime Minister Justin Trudeau announced on Wednesday. Fact check: Did a Liberal tax cut help reduce poverty rates' | CTV News
Statistics Canada published new data earlier this month showing Canada's poverty rate declined to a new low in 2018 and the number of low-income Canadians fell by more than one million over three years. But were these people lifted out of poverty as a res SAIT eliminating 230 positions in wake of provincial budget cutsEconomics | 207200 hits | 4:58 PM on Friday | posted by BeaverFever
Canada added 35K full-time jobs last month, twice what was expected
Canada's economy added 34,500 jobs last month, enough to push the jobless rate down to 5.5 per cent.
Statistics Canada reported Friday that the economy added 35,700 full-time jobs during the month, but that was slightly offset by a loss of 1,200 part-t Liberals' income tax cut to cost more in lost revenues than planned, PBO says | CTV News
The parliamentary budget watchdog estimates the Liberal government's newly enacted income tax cut will cost $2.5 billion more than projected. Economy lost 71,200 jobs in November, unemployment rate climbs to 5.9 per cent | CTV News
The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November. Personal insolvencies in Canada are at their highest level in a decade | CTV News
The latest data shows that Canadians are filing the highest number of personal insolvencies in a decade. 'An absolutely brutal year': Alberta farm incomes plummet 70 per cent in 2018
Alberta farm incomes plummeted in 2018 due to a “brutal” combination of conditions that included severe drought, wild weather and global trade barriers. Canada's economy adds 106,500 jobs, most in a month since 1976Economics | 207481 hits | 9:15 AM on Friday | posted by BeaverFever
Trade deficits surge to record highs in U.S., Canada
The respective trade deficits of U.S. and Canada surged to their highest levels on record to close out 2018, according to figures released Wednesday. Canada's economy shrank by 0.1% in December
Canada's economy shrank by 0.1 per cent in December and got smaller in three of the previous four months. 
The number of Canadians living below the poverty line has never been lower, new numbers from Statistics Canada suggest. Canada's economy added 67,000 jobs in JanuaryEconomics | 207128 hits | 6:48 PM on Sunday | posted by BeaverFever
28,300 new part-time jobs were added, 18,900 full-time jobs were lost in DecemberEconomics | 207317 hits | 6:17 AM on Friday | posted by shockedcanadian
Economists William Nordhaus, Paul Romer win Nobel for work on sustainable growth
Americans William Nordhaus and Paul Romer, pioneers in adapting economic theory to take better account of environmental issues and technological progress, have been awarded the 2018 Nobel Prize in economic sciences. Canada sheds 51,600 jobs to push up unemployment rate, but full-time work risesEconomics | 207470 hits | 11:23 AM on Friday | posted by N_Fiddledog
Canada's seesawing employment report posted particularly volatile numbers last month that showed big, mid-summer gains had essentially been wiped out by August.
Alberta accounted for 97% of federal income tax decline during recession's height
Federal income tax revenue fell by nearly $5 billion in 2016 and nearly all of the decline was attributable to Alberta, but exactly why remains an open question, says an economist with the University of Calgary. Big banks set to reveal quarterly profits as NAFTA fears and rate hikes loomEconomics | 207360 hits | 4:47 AM on Tuesday | posted by shockedcanadian
Most CRA auditors polled say Canada's tax system is skewed to protect the wealthy
The Professional Institute of the Public Service of Canada polled 1,700 of its union members who work for CRA chasing down taxes owed by corporations and the wealthy. The survey found that 90 per cent of them believe the system is skewed to benefit the ri Canada's exports of goods to U.S. hit record in June
Higher shipments of passenger cars and lights trucks south of the border helped drive up Canadian exports to the United States by 2.5 per cent in June to a record $37.1 billion, Statistics Canada reported Friday.Treasury data shows Russian holdings of US debt plunged 84% since March, but here's what it really means
The Russian government, previously considered a significant holder of U.S. debt, has been steadily — and sharply — paring down the vast majority of its holdings of U.S. Treasury securities.
The Russian government, previously considered a significant holder of U.S. debt, has been steadily — and sharply — paring down the vast majority of its holdings of U.S. Treasury securities. 
Carbon tax is an efficient way to reduce greenhouse-gas emissions without slowing down an economy, a recent comprehensive study found. Is Newfoundland and Labrador headed for bankruptcy' And how much will that cost the rest of Canada'Economics | 207831 hits | 4:20 AM on Thursday | posted by shockedcanadian
Newfoundland and Labrador is banking on financial help from Ottawa, which means the province’s problems are Canada’s problems. And those problems will cost billions Canada added 32,000 jobs in June but more seekers pushed up jobless rate to 6%
Canada's economy added 32,000 jobs last month, but a surge in more people looking for work pushed the unemployment rate up to six per cent. Ottawa offers up to $2-billion in funding to steel and aluminum industryEconomics | 207823 hits | 9:33 AM on Friday | posted by shockedcanadian
Norwegians get richer as sovereign wealth fund adds billions
The country's $1.1 trillion US sovereign wealth fund, which invests government royalties from offshore oil and gas, grew by 13.7 per cent in 2017, adding $131 billion US to its coffers.
The country's $1.1 trillion US sovereign wealth fund, which invests government royalties from offshore oil and gas, grew by 13.7 per cent in 2017, adding $131 billion US to its coffers. Canada sheds 88,000 net jobs in January | CTV News
The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said Friday.Back to Canada News
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