Canadian Economy to Experience Long Term Slow Growth

A report published as part of the autumn edition of the Bank of Canada Review, a twice-yearly collection of academic papers by bank economists, concludes that the slow economic growth in Canada is here to stay. Overall, there is increasing evidence that growth in advanced economies may remain slow in the immediate future compared to
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Survey Shows Renewed Optimism in Canadian Economy (Audio)

A survey of professional accountants in leadership positions by the Chartered Professional Accountants (CPA) of Canada reveals that optimism in Canada’s economic performance is gradually on the rise. According to the survey, which is carried out quarterly, 29 per cent of respondents were optimistic about the Canadian economy in the year ahead, up from 23
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Canada Lags Behind the US in Job Market Performance

The American job market has beaten Canada’s by the biggest margin in 21 years. Bank of Montreal chief economist Doug Porter said that although jobs in Canada were up one per cent over the past year, the country has recorded job losses in eight of the last 17 months due to the oil price crash.
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How the Bank of Canada Has Performed in 2015

Stephen Poloz has kept markets on edge ever since an unexpected rate cut to the Bank of Canada’s key interest rate in January, the first adjustment in four-and-a-half years. The Bank of Canada governor and his policy team are likely to keep their options open, maintaining the trendsetting lending level at 0.75 per cent —
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Canadian Economy Heavily Reliant on Non-permanent Residents (Audio)

According to a report by the CIBC, the number of non-permanent residents in Canada has more than doubled over the past decade. In total, there are almost 770,000 non-permanent residents in Canada – 450,000 more than there were 10 years ago – and they have a substantial impact on the housing market and consumer spending.
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Beyond Petroleum

Canadian Prime Minister, Stephen Harper recently made the statement, ‘The oil industry isn’t remotely the entire Canadian economy.’ While this is not a startling statement in itself, since production of crude oil represents just 3% of Canada’s GDP, the surprise is that Mr. Harper felt he has to state the obvious. He pulled Canada out
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Canada’s Economy Beats Forecasts, Grows 0.3% in October

The Canadian economy performed surprisingly positively in October and is set to extend its broadly-based growth with higher exports to the U.S., but uncertainty remains over the impact of lower oil prices on the energy sector. According to Statistics Canada, Gross domestic product rose 0.3 per cent to an annualized $1.65-trillion in October, after a
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Canadian Economy Surpasses Expectations in October: 43,100 New Jobs, Unemployment Declines to 6.5%

The Canadian economy experienced strong growth in October, generating 43,100 mostly full-time positions in the private sector and pushing the unemployment to a six-year low. With the growth of 74,100 in September, October’s gains produced the largest two-month increase since March-April 2012, according to Statistics Canada. This is the first time since November-December 2012 that
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Hiring expected to continue steady pace through 2014

As Canada moves into the second half of the year, many employers are seeking to increase headcount. More than one-half (56 per cent) of hiring managers have plans to hire full-time, permanent staff, up from 48 per cent this time last year, and 40 per cent in 2012. Additionally, 50 per cent expect to hire
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Canadian Business Survey Reveals Mostly Positive Economic Outlook

A new Bank of Canada survey is sparking hope that economic recovery may be on the horizon. According to the Bank’s fourth quarter survey, released last week, there are “some positive signs” for the economy and projections for future sales growth are “solidly positive.” These positives are related to responses provided by businesses, signalling intent
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