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Sectors adapt to pandemic-related restrictions

The second wave of Covid-19 is milder economically, Fitch says

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Fed officials expressed concerns over slowing economy

Minutes of the Federal Reserve's last meeting show support for ultra-low interest rates

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Further fiscal stimulus should target productivity, C.D. Howe says

Boosting employment, business investment is key

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Mortgage debt surges amid pandemic

StatsCan says low borrowing costs helped drive last year's increase

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Annual inflation rate climbs to 1% in January

Gas prices drove the increase

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U.S. retail sales jump 5.3%, thanks to $600 stimulus cheques

Americans "blew the doors off retailers in January," BMO economist says

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Immigration likely to miss targets again in 2021: RBC

Lingering effects of the pandemic will weigh on a key driver of economic growth

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Waiting on economic growth

Q1 contraction will give way to investing opportunities

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Will big banks pass the Fed’s 2021 stress test?

The scenario will examine the impact of a severe global downturn and other factors

Wholesale sales down annually for first time since 2009: StatsCan

Sales down in December, but not as sharply as feared, a Scotia report said

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Ontario set for years of post-pandemic deficits without new policy: FAO

Report highlights need for “significant” changes to spending or revenue

Federal Reserve Building

Powell stresses commitment to full employment and low rates

Least advantaged households have been most affected by job losses, the Fed chair said

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U.S. consumer prices rise 0.3% in January

Energy costs drove the increase

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Debt downgrade threat diminished: Fitch

Stronger balance sheets and commodity prices limit the risk of companies dropping to junk

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Average Toronto home price to top $1 million for first time in 2021

The real estate board says the supply of listings is not keeping up with growth in transactions

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Despite risks, Canada’s financial system is resilient: GRI survey

Even so, survey respondents noted that economic risk will remain a top challenge in 2021

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Share of insolvencies increased among debtors aged 50 and older

Overall consumer insolvencies fell to 20-year lows last year, report says

  • By: Staff
  • February 8, 2021 February 8, 2021
  • 12:34
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Canadian insolvency filings at 20-year low in 2020

Government support offset the Covid-19 shock, but the future is uncertain

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Canada’s economy lost almost 213K jobs last month

The drop wiped out employment gains made in the fall

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U.S. unemployment rate dropped, but only 49K jobs added

The rate drop mainly occurred because many stopped looking for work

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High demand and higher prices for Vancouver real estate in January

Sales were up 52.1% year over year

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Pandemic accompanied by online “infodemic”: StatsCan

Research finds false information is widely read and shared by Canadians

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Preliminary GDP data suggests 2020 could be worst year on record

But the economy grew 0.7% in November, marking the seventh straight month of gains

U.S. consumers cut back for a second consecutive month

U.S. consumers slowed their spending by 0.2% in December

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Rental vacancies creep higher as Covid-19 spreads: CMHC

Vacancy rate hit a 14-year high in the Greater Toronto Area