They sat elbow-to-elbow, stone-faced, projecting a serious aura. Under guidelines to operate as independently as possible, Canada’s federal finance minister, central bank governor and banking regulator...
COVID-19 and the Canadian economy: Here's what you need to know
Follow the latest news on Canada's economy: http://tgam.ca/canadian-economy
In a typical recession, there is a tried-and-true playbook. Incomes go down. Bankruptcies go up. Consumers pull back on major purchases. The services sector holds up better than goods. And the fiscal takes...
Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases offset optimism that activity...
Business associations say Ottawa’s new Innovation, Science and Industry Minister, François-Philippe Champagne, is inheriting a challenging file, but welcome new leadership after an ambitious Liberal agenda...
The Bank of Canada’s latest survey of companies shows that sentiment was improving heading into the latest round of lockdowns, with most businesses reporting stronger investment and hiring plans. The Business...
Opinion and analysis
There were few, if any, economic commentators in this country who saw 2020 coming. I was among the didn’t-see-it-comingest. Here’s what I wrote about the coronavirus at the end of January, when the outbreak...
Examining the economic data of 2020, there’s no question that the federal government’s emergency income-replacement programs were a critical lifeline for Canada during the pandemic. We would have plunged...
Along with much of the world, Canada’s economy has suffered from the COVID-19 pandemic and other events in 2020, notably the shock to global oil markets. How badly? An examination of the immediate data...