economy

Bank of Canada survey says business hiring plans remain muted due to pandemic

About one-third say they have used a federal wage subsidy to reduce or avoid layoffs

 

One-third of Indigenous workers in jobs facing automation threat, report says

Those at-risk industries account for approximately $2.43 billion of Indigenous wage revenue

 

Statistics Canada says economy posted record 11.6% plunge in April

Statistics Canada said its initial flash estimate points to growth of three per cent in May

 

COVID-19 to leave some lasting economic damage, Bank of Canada chief says

Canadians shouldn’t expect the short and sharp economic bounce-back expected over the coming months to last

Forecast says Canada’s economy will grow in 2021 if there isn’t another national shutdown

Group projects Canada’s national unemployment rate will peak at 13.7 per cent

Canadians working from home permanently should expect salary changes: experts

Some companies, like Facebook, have already announced changes

Federal aid for oil sector still in development, three months later

Global demand for oil plummeted by more than 16 million barrels a day this spring

Statistics Canada says annual inflation rate drops in May for second month in a row

The agency says the consumer price index fell 0.4 per cent compared with a year ago

Opposition parties reject emergency COVID-19 aid bill with fines for CERB fraudsters

The bill includes a proposed expansion of the wage subsidy program to include seasonal workers

Extending CERB for months could double $60-billion budget, PBO report suggests

Recent figures show 8.41 million people have applied for the CERB, with $43.51 billion in payments made as of June 4

COVID-19: A look at how layoffs turned permanent in past Canadian recessions

Statistics Canada report finds nearly half of layoffs in past recessions became permanent

B.C.’s minimum wage bump won’t alleviate housing or COVID-19 pressures: advocates

Of those earning minimum wage across Canada, 60 per cent are women

  • Jun 8, 2020

Gold River ready to welcome visitors and restart local businesses

In contrast to single-industry remote communities, Gold River’s diversified economy might help it better survive after reopening

Bank of Canada keeps key interest rate target on hold at 0.25%

Central bank now expects GDP to decline between 10 and 20 per cent compared with the fourth quarter of 2019

Minimum wage goes up June 1 in B.C. as businesses face COVID-19 challenges

The minimum wage jumps by 75 cents to $14.60 an hour on Monday

Feds to seek equity or cash from companies applying for new COVID-19 loan program

Terms are designed to make sure companies using the program receive bridge loans, not bailouts

Annual inflation rate turned negative in April, Statistics Canada reports

It was the first year-over-year decline in the CPI since September 2009