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Liberals shouldn’t jettison spending restraints because of pandemic, former PBO says

Paper proposes the feds move away from spending as conditions improve

Parliament Hill building closeup in Ottawa, Canada

Pandemic pushed governments into deficit for fiscal 2019: StatsCan

Covid-19 is expected to generate record government deficits

Federal Reserve building in Washington DC, USA

Controversial Fed nominee Shelton stalls in Senate test vote

Shelton’s past writings have questioned the Fed’s political independence

Fed’s Powell says surge in virus cases threatens U.S. economy

Consumer spending and confidence are declining

Business and financial district in a city with pillars

Growth, not taxes, will pay for pandemic spending: Poloz

The former Bank of Canada governor is optimistic about the recovery


Small businesses should be compensated for auditors’ errors: CFIB

Organization calls out the “imbalance of power” between tax authorities and small business owners

  • By: Staff
  • November 17, 2020 November 17, 2020
  • 11:44
Family plays

October home sales set record, edge back from September high

Activity in 2020 "has a real shot" at setting an annual record

Despite grim conditions, most businesses resilient: StatsCan

With revenues down sharply, most don't see layoffs coming — for now

Digital World

G20 agrees on debt relief framework amid Covid-19

The focus is on low-income countries that have been hardest-hit by the pandemic

Canada’s recovery will be uneven, says BoC’s Wilkins

BoC deputy governor warns of long-lasting pandemic 'scars' on economy

Central bankers welcome vaccine news but say economy still needs help

U.S. Congress "may have to do more" to soften the economic damage of the pandemic, says Fed chair


Deutsche Bank proposes work-from-home tax

Bank says new tax would help those hardest hit by the pandemic

photo of hands holding pen under document and pressing calculator buttons

Digital investments push Manulife to positive Q3

Insurer has invested more than $600 million in digital initiatives in the last two years

U.S. consumer prices unchanged in October

Prices reached their lowest level in five months

wall street, new york city

Beaten-up sectors rebounded after Biden win

Renewables, infrastructure and health-care could benefit post-election

  • By: Katie Keir
  • November 11, 2020 November 11, 2020
  • 17:00

Support for hard-hit workers may not stick around post-pandemic: Trudeau

Aid programs shouldn't be seen as permanent, the prime minister said at an online event

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Recovery could be stop-and-go despite vaccine news: ECB

The head of the European Central Bank warned about economic uncertainty

American businessman holding a pile of 100 dollar bills

Bidenomics: More stimulus, tougher regulation and gridlock

Potential spending of $1T to $1.5T could add 4.5% to U.S. growth next year

senior couple worrying about their money situation

Indebted households put recovery at risk, says report

A report from Prosper Canada says that households in precarious financial situations have few options for obtaining financial advice

  • By: Staff
  • November 10, 2020 November 10, 2020
  • 06:01
canadian money house on white background

B.C. land registry unlikely to prevent money laundering, report says

The C.D. Howe Institute makes a number of recommendations for addressing the perceived flaws

Canada and USA Flag

Volatility could persist as markets await Senate outcome: reports

The difference between a split Congress and Democratic rule is significant for bond and equity markets

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Europe’s second wave to infect global recovery: Fitch

Stepped-up restrictions in Europe will hit global GDP

Close up of a woman using a laptop

Canadian economy adds nearly 84,000 jobs in October

Employment figures will likely ebb and flow over the coming months, economist says

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

PBO says feds can spend more, but wiggle room has shrunk due to pandemic

The provinces' finances are more precarious

Calculator paper tape rolled up

Ontario government presents $187B pandemic-era budget

The government will spend $45 billion over the next three years to respond to the pandemic