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Income gap widening dramatically: report

Low-paying jobs have disappeared, while high-paying jobs have increased significantly

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Many Covid-19 business casualties were in financial trouble before the virus hit: StatsCan

Current crisis unusual as insolvencies dropped despite severe economic shock

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Consumer confidence sags thanks to lingering pandemic

MNP's Consumer Debt Index recorded its lowest score since it started measuring in 2017

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Upbeat entrepreneurs signal improved investment intentions for 2021

A quarterly survey shows entrepreneurs are the most optimistic since the pandemic began

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China’s economy grew 2.3% in 2020 despite pandemic

Growth in the three months ending in December rose to 6.5% over a year earlier

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CMHC reports annual pace of housing starts down in December

The 2020 pace still surpassed 2019, despite the pandemic

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PM tells Freeland to spend as needed until crisis ends

Mandate letter tells minister to use “whatever fiscal firepower” is necessary while also avoiding “new permanent spending”

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Biden announces $1.9T plan to fight Covid-19

Most Americans will receive $1,400 as part of the recovery plan

Family plays

December home sales hit all-time record

2020 was also a record year

U.S. retail sales fell for third consecutive month

This is yet another sign that the pandemic is slowing the U.S. economy

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Powell signals Fed will keep aiding economy with bond buying

The measure aims to encourage consumers and businesses to borrow and spend

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Renewed restrictions cause consumers to pull back

Pandemic lockdowns impede spending and growth, TD Economics says

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Tax revenue from stock options to slowly ramp up: PBO

Revenue could reach as high as $144 million by 2033

House bubble

U.S. mortgage rates poised to rise as Treasury yields surge

The yield on the 10-year Treasury briefly hit 1.18% earlier this week

U.S. jobless claims see highest numbers since August

Unemployment claims reached 965,000 last week

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U.S. deficit breaks record

The government's shortfall is 61% greater than the same period a year ago

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U.S. consumer prices rise 0.4% in December

Higher gas prices drove the increase

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Push for herd immunity drives Covid-19 vaccine market: Morningstar

The U.S. is expected to achieve herd immunity by May, but global immunity won't be seen until 2023

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Monetary policy too tight given Covid-19: CD Howe

Use of unconventional tools will dictate its policy performance in crisis

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Recovery depends on confident consumers

The Conference Board of Canada forecasts GDP growth and outlines the challenges ahead

  • By: Staff
  • January 12, 2021 January 12, 2021
  • 13:29
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U.S. job openings down in most industries, while layoffs spike

Layoffs soared by 17.6% in November, driven by job cuts at restaurants, bars and hotels

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Feds change sick leave benefit, applicants required to say if they travelled

The government did not say how it plans to identify people who have travelled

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No dividend hikes, share buybacks for banks and insurers until lockdowns end: OSFI

Executive pay raises also remain on hold for now

Bank CEOs say economic rebound is coming, but dependent on vaccines and lockdowns

Banks are monitoring the economic recovery as they develop strategies for their branches

Corporate executive in a modern architectural setting looking confidently out of high rise windows

Pandemic job concerns could pose problem in long term, Bank of Canada says

Most businesses don't expect the positive impacts of vaccinations to materialize until later this year