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B.C. projects $9.7-billion deficit in 2021 budget

Budget includes more than $4 billion in pandemic contingency and allowance funds

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Annual pace of inflation leaps higher in March to 2.2%, StatsCan says

Gas prices drove the increase

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BoC keeps rate on hold, sees brighter economic outlook

The central bank raised its prediction for growth this year to 6.5%

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Federal budget fails to support needed pension reform, retiree group says

The group says current laws are unfair to pensioners when a DB plan sponsor becomes insolvent

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Feds promise economic “hat trick” with national child care plan

Budget seeks to boost women's employment, financial sector diversity


VC investment program gets $450-million budget pledge

The feds' venture capital funding commitment will target life sciences and underrepresented groups

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Feds look to increase charities’ disbursement quota

Charitable foundation assets have grown to $85B, but disbursements "have not kept pace," Ottawa says

Eggs on nest

Feds make minor updates to RRSP rules in Budget 2021

The Liberals also raised OAS payments and proposed a foreign real estate tax

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Liberals extend Covid-19 aid with election top of mind

The government has extended support for small businesses and introduced a luxury tax

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Fitch slashes U.S. high-yield default forecast

Favourable financing conditions and an economic recovery are easing credit pressure, said rating agency

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Mortgage growth eases in February: StatsCan

Despite the declining pace of mortgage debt growth, the level remains historically high

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China’s growth surged 18.3% in latest quarter

China's growth may be levelling off, however, as as manufacturing, consumer spending return to normal

New home

Monthly home sales hit an all-time record in March: CREA

Canadian home sales jumped 76% year-over-year

American businessman holding a pile of 100 dollar bills

U.S. economy rebounding, helped by stimulus and vaccines

A Federal Reserve survey finds optimism as activity accelerates

Parliament Hill building closeup in Ottawa, Canada

Funding for child care expected in upcoming federal budget

The Liberals will attach strings to the federal cash for provinces that want the money

Parliament Hill building closeup in Ottawa, Canada

Federal budget should take targeted approach to recovery: report

A report from RBC suggests the feds will have to deliver targeted stimulus without overspending

Competitive Edge

U.S. consumer prices jump 0.6% in March, biggest gain since 2012

Economists expect further price gains in coming months

Parliament buildings at sunset

Scotiabank CEO wants top-up for child tax credit, grants for businesses

Chief executive Brian Porter is also calling for an end to the interprovincial trade barrier

World currency

Currency exposure amid a weaker U.S. dollar

Global cyclical currencies may offer opportunities

Close-up of payment machine buttons with human hand holding plastic card near by

Households expect return to pre-pandemic spending within a year, Bank of Canada says

Consumers intend to spend some of the billions in savings built up during the pandemic

New home

More Canadians being priced out of housing market, survey shows

Prospective buyers worry about being "house poor" while others have given up on ownership altogether

  • By: Staff
  • April 12, 2021 April 12, 2021
  • 11:22
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Hot housing is driving recovery, but also stoking risks

New research finds that housing and debt risks are on the rise

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Economy adds 303,000 jobs in March

Notable jobs gains were seen in retail, health care, construction and educational services

U.S. will reopen to a “different economy,” Fed’s Powell says

Speaking to the IMF, Powell said vaccinations and rapid rehiring signal the U.S. will fully reopen soon

Silhouette shadow of woman looking at city from office

Canada’s Q1 downtown office vacancy rate rises to 14.3%

The vacancy rate increased for the fourth straight quarter