One in three Canadians reported living in a household experiencing financial difficulties due to inflation
Category: Economy
Posted inConsumer
Tax relief for builders won’t mean budget relief for renters
Ontario has joined Ottawa in exempting rental housing projects from sales tax. But stronger measures are needed to bring down rental prices
Posted inEconomy
China’s share of global manufacturing jobs to rise by 2050
China’s share of global manufacturing jobs will rise to 43 per cent by 2050, while rich countries are likely to continue to losing manufacturing jobs
Posted inPolitics & Policy
Basic income: Canada’s next big social program?
Ontario cancelled its basic income pilot project, but efforts to create a basic income remain active in B.C., P.E.I. and Parliament
Posted inConsumer
Canada central bank holds key lending rate at 5 per cent
There is growing evidence past interest rate increases are dampening economic activity and relieving price pressures: Bank of Canada
Posted inEconomy
U.S. unveils tech hubs to push innovation
Located in 32 states and Puerto Rico, the tech hubs will specialize in clean energy, biotechnology and quantum computing
Posted inEconomy
Israel-Hamas war a ‘new cloud’ over world economy: IMF
The IMF’s World Economic Outlook, drafted before the Hamas attack but released this week, already showed weak global growth
Posted inEconomy
World Bank says high rates threaten some countries
IMF says world economy remains resilient despite COVID, war in Ukraine and COLA crisis, but it is “limping along, not sprinting”
Posted inProfessional
Canadian auto union reaches accord with GM, ending brief strike
The deal includes a nearly 20 per cent raise for production and 25 per cent for skilled trades over the agreement’s lifetime: Unifor
Posted inEconomy
Canadian autoworkers begin strike against GM
Last month, Canadian autoworkers at Ford reached a new collective agreement. Union says GM was unwilling to meet a similar new agreement