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The Canadian economy would expand at an annualized rate of 6.1% in the first quarter (January–April) of 2010, surpassing analyst expectations and marking the best growth rate since 1999. [13] Economists had expected annualized GDP growth of 5.9% in the last quarter, up from 5% in last year's fourth quarter (September–December 2009). [13]
The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Thursday as the greenback notched broad-based gains and a recent widening in the gap between U.S. and Canadian bond ...
The median forecast of 36 foreign exchange analysts in the Dec. 2-4 poll predicted the loonie would edge 0.3% higher to 1.4034 per U.S. dollar, or 71.26 U.S. cents, in three months, compared to ...
KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [ 33 ]
The Canadian dollar edged higher against its U.S. counterpart on Friday but was still headed for a weekly and monthly decline as domestic gross domestic product data bolstered bets for an outsized ...
As of 2010, the debt of the United States continues to increase, while the debt of the Canadian federal government is being reduced. [20] This is a clear advantage for Canadians and it would not be reflected if the currencies were to merge. The importance of commodities also factors into this equation.
The trillion-dollar U.S. budget deficits that we started running in 2009 should be a prescription for a weaker currency. But what's the dollar done to date? It's held its own this year against the ...
Continued low EI premium rates of $1.73 for 2009 and 2010, providing relief of $4.5 billion over two years. $500 million to extend EI benefits for workers in longer-term training. $1.5 billion over two years for EI and non-EI training programs. $55 million over two years for youth employment.