Economy

Canadian Economy
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Big banks able to weather Bank of Canada’s worst-case scenario, but risks higher for households and businesses

Canada’s six biggest banks survived a severe stress test by the Bank of Canada, which is a relief since they might be the only thing standing between a relatively short recession and something much worse. The analysis was part of the central bank’s latest Financial System Review (FSR), which is devoted to the COVID-19 crisis. […]

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Canadian Chamber of Commerce
Canadian Economy
Economy
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Statistics Canada

Some surprising green shoots in new survey that reveals the world of pain Canadian businesses are facing

More than 40 per cent of Canadian businesses have laid off staff and 38 per cent have reduced staff hours or shifts as a result of the coronavirus-induced economic shutdown, according to a new survey by Statistics Canada and the Canadian Chamber of Commerce. The survey of more than 13,000 businesses conducted between April 13 […]

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China
coronavirus
Economy
News

‘They are completely intertwined’: Tentative signs of recovery in China help some Canadian companies weather COVID-19 storm

One night in late January, Canadian Jacob Cooke found himself in Jiangsu province in China, desperately trying to find seats on a plane leaving the country and promising his brother, Joseph, he’d make it to Vancouver. For more than a decade, they had run a business called WPIC Marketing + Technologies with an ocean between […]

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coronavirus
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Investing
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Stock markets

The Toronto Stock Exchange just had its worst day since 1940. Yes, that’s 80 years

Canadian stocks suffered one of their worst days in decades on Thursday, plunging by more than 12 per cent amid a steady stream of negative headlines connected to the new coronavirus. The S&P/TSX Composite Index fell by 12.34 per cent, or more than 1,760 points, as the chief benchmark for Canadian stocks finished at an […]

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Boat Harbour
Canada
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Northern Pulp
Northern Pulp Boat Harbour
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Paper Excellence
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Wastewater

N.S. government extends Northern Pulp’s use of Boat Harbour wastewater treatment plant until April – Halifax

Northern Pulp will continue to use its Boat Harbour wastewater treatment plant until the end of April as the company prepares the facility for its indefinite closure. On Wednesday, Northern Pulp announced it had received an order from Nova Scotia Minister of Environment Gordon Wilson that directs the continued use of its wastewater treatment plant […]

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Canada Pension Plan
Economy
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oilsands
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Retirement
Wexit

Alberta risks ‘double jeopardy’ if it exits Canada Pension Plan, leading expert warns

One of Canada’s leading pension experts is warning Albertans to consider the “double jeopardy” of falling contributions and investment asset values they might be subjecting future generations to if they replace the Canada Pension Plan with a provincial alternative. In a report published on Wednesday, Keith Ambachtsheer, president of KPA Advisory Services and director emeritus […]

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Canadian Economy
Economy
News

Red flags on Canadian economy abound, but it might be too soon to sound the alarm

The Canadian economy is labouring. Statistics Canada on Dec. 23 reported that gross domestic product dropped 0.1 per cent in October, the first decline in eight months. Last week, it observed a drop in sales at retailers, wholesalers and factories. And the agency’s latest inflation report showed that the average of the Bank of Canada’s […]

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Canadian Environmental Protection Act
Cars
Crime
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Environment Canada
Ontario court
Vehicles
Volkswagen
Volkswagen Canada
Volkswagen Emissions
Volkswagen emissions testing

Volkswagen set to propose plea deal on environment charges in Ontario court

By Staff The Canadian Press Posted December 13, 2019 9:46 am Updated December 13, 2019 9:48 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Lawyers for German auto giant Volkswagen are set to propose a plea deal in an Ontario court today on allegations […]

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Bank of Canada
Economy
monetary policy
News
Stephen Poloz

New NAFTA deal lifts cloud of uncertainty hanging over Canadian business: Poloz

Bank of Canada Governor Stephen Poloz suggested Thursday that the ratification of a new North American free-trade deal is key to finally eliminating uncertainty that has hovered over businesses trying to make investment decisions since the election of U.S. President Donald Trump. Following a lunchtime speech to a business crowd in Toronto, Poloz told reporters […]

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