Jerome Haegeli says the world’s current path puts Canada on track to lose 7% of its gross domestic product
The key rate remains at 0.25 per cent where it has held steady for more than a year
Now, stock indexes have gone on to set record highs — the S&P 500 closed above 4,000 points
The shadow hanging over the economy now is COVID-19 and its variants that are pushing up caseloads
Just 12 per cent said they have sufficient internal resources to stay afloat
Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices
Stephen Poloz recalls trying to douse the economic flames caused by the pandemic
The Canadian dollar traded for 80.04 cents US
Bank points to new, more transmissible variants of COVID-19 as the biggest risk to an economic recovery
Report says Canada’s economy is expected to grow 4.7% this year, while the U.S. is slated to grow 6.5%
‘Lots of small businesses may have had to shut down… but a lot of other areas did manage to keep grinding through’
Drop was largely due to shutdowns in the spring as COVID began to spread
B.C. on track for real GDP growth of 4.7% this year and 4.3% next year, before growth slows
Canada’s unemployment rate climbed to 9.6 per cent in January as 212,800 jobs were erased that month
The panel made 65 recommendations for various policy changes
The central bank is citing the economic conditions and ongoing uncertainty
Lockdowns in the spring of 2020 led to a historic drop in employment with about three million jobs lost
McKay says government relief will have to continue and become focused on areas of the economy
The average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018
Federal decision to phase out 19 Discovery Island fish farms has sent shivers across northern Vancouver Island
