Unemployment has affected all age groups, but was more pronounced among younger workers aged 15 to 24
Category: Economy
Posted inEconomy
Canada GDP declined 1.1% in third quarter
Canada avoided a technical recession. Spending was stable and employee compensation increased 1.3 per cent
Posted inPolitics & Policy
Trudeau, EU leaders talk Ukraine and climate at Canada summit
The leaders discussed Ukraine, Canada’s mineral resources, a Canada-EU Green Alliance and the US’ Inflation Reduction Act
Posted inPolitics & Policy
Panel says Canada dairy policies in line with trade commitments
A dispute settlement panel has found that Canada’s dairy import policies do not breach its commitments under a trade pact
Posted inConsumer
What do stretched borrowers do at mortgage renewal time?
Ottawa’s new Canadian Mortgage Charter does not remove the stress test requirement for the 71 per cent of borrowers who are uninsured
Posted inConsumer
Canada inflation cools to 3.1 per cent in October
Grocery prices remained high but continued to decelerate, with the cost of fresh vegetables contributing most to the slowdown
Posted inConsumer
US Fed expects interest rates to stay high ‘for some time’
Strong recent economic data has increased the likelihood of a so-called “soft landing” whereby the US avoids a recession
Posted inEconomy
EU agrees to data-sharing scheme for short-term rentals
The data-sharing deal arose from friction caused by the short-term tourist rental market removing long-term rental properties from markets
Posted inProfessional
WeWork bankruptcy not a ‘death knell’ for Canadian co-working
WeWork’s bankruptcy may be ‘disconcerting’, but co-working office owners and users are confident co-working’s not going anywhere
Posted inProfessional
WeWork files for bankruptcy, its meteoric rise a faint memory
WeWork was considered the most valuable US startup in 2019, but shares are now worth 80 cents. CEO says company will remain global leader