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By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
Canada to host summit on boosting economy after Trump tariff threat. February 5, 2025 at 11:13 AM. OTTAWA (Reuters) -Canadian business and labor leaders will meet in Toronto this Friday to discuss ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Companies are hopeful about the economy again ...
PSAC strikers outside a CRA office in Surrey, British Columbia. On April 7, the CRA bargaining group voted to enter a legal strike position. [21] On April 12, the national president of PSAC, Chris Aylward, announced that the Treasury Board bargaining unit had voted overwhelmingly in favour of entering into a legal strike position, thus granting the group a 60-day window to initiate a labour ...
Canadian corporate bond issuance has begun to rebound after a lull of 10 months, with companies plotting expansion plans and central banks apparently close to the peak of their current cycle of ...