Latest news in Economic

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European Central Bank’s stimulus train to keep on rolling

Economic activity remains well below pre-virus levels

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Trudeau announces cash for loans, support to Black Canadian entrepreneurs

The $221-million program is jointly funded by the feds and eight financial institutions

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Bank of Canada holds key interest rate target

Economic recovery could be slow, the central bank warns

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Liberals extend commercial rent relief program for last time

Business groups say the government hasn’t addressed known flaws in the program

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Fitch has brighter outlook for global GDP

The rating agency has revised its forecast as economies begin to rebound from the pandemic

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Canadian debt issuance hit record in second quarter

The federal government issued $302.3 billion in debt securities, a StatsCan report says

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Growth or value? Play both sides

Focusing on quality provides a middle ground

  • By: Katie Keir
  • September 4, 2020 September 4, 2020
  • 16:00
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Covid-19 altering Canadians’ housing needs: RBC

Home sales surge as new listings spiked in urban centres

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Climate change is next public health threat: paper

Insurance trade group paper calls for concerted action to address rising climate risks

U.S. unemployment fell sharply in August

Employers added 1.4 million jobs, down from 1.7 million in July


Report points to cause for economic optimism

But Canada's economy is not yet out of the woods, warns Scotiabank

  • By: Staff
  • September 4, 2020 September 4, 2020
  • 11:20
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Canada added 246,000 jobs in August

The figure marked the fourth consecutive month of gains since the spring

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Consumer debt rose in Q2, driven partly by strong housing market recovery

Mortgage balances rose in the quarter, while other consumer debt fell, Equifax says

  • By: Staff
  • September 3, 2020 September 3, 2020
  • 11:53
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Toronto home sales hit record for August

Year-to-date sales have not caught up to this time in 2019, after sales plunged during the spring lockdown

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Lower-for-longer interest rates likely for Canada: TD

The central bank may take a more flexible approach to inflation, a report says

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Fed survey finds widespread pessimism about economic future

Responses were gathered from the Federal Reserve's 12 regional banks

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Statistics Canada preps new online inflation tool to better detail price impacts

The tool will allow users to input their own spending patterns to generate a unique consumer price index


Global M&A rebounds in Q3: Refinitiv

Deal activity got off to a strong start in the second half

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Business rent relief program to fall short: PBO

Feds extend Canada Emergency Business Account

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Canadian CEOs more optimistic about growth than global peers

KPMG's Global CEO Outlook surveyed CEOs before and after the start of the pandemic

  • By: Staff
  • August 31, 2020 August 31, 2020
  • 12:17
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Banking regulator phasing out pandemic-related rules on mortgage deferrals

Most applications for mortgage deferrals were approved in March and April

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CMHC readies for housing market risks in wake of Covid-19 downturn

Economic shock of pandemic not yet fully reflected in housing market data

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Deficit hit $120 billion in June: Finance Department

Major financial transfers to individuals were up 193% compared to last year

U.S. consumer spending gets a boost in July

Spending rose by 1.9% for the month

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Record drop for Canadian economy in Q2

Pandemic caused real GDP to contract by 38.7%