Daily News

Source: Bankofcanada January 14, 2022

Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks

The Bank of Canada and Office of the Superintendent of Financial Institutions (OSFI) today released the results of a pilot project on climate scenario a...

FP Economy Source: Financialpost January 07, 2022

Tiff Macklem's dashboard: Charting economy's exit from pandemic puzzle

Governor Tiff Macklem has said that the path of interest rates will be determined by an array of indicators. We’ve done our best to reverse engineer what Macklem’s dashboard looks like Bank of Canada Governor Tiff Macklem has one objective: managin...

FP Economy Source: Financialpost December 23, 2021

Canada's economy expands at healthy pace, easing way for rate hike

November's estimated rise would bring the economy almost back to pre-pandemic levels The economy is growing at a strong pace in the last months of 2021, priming it to handle some of the damage inflicted by the raging Omicron variant of COVID-19 whi...

FP Economy Source: Financialpost December 23, 2021

Canada surpasses record immigration goal of 401,000 permanent residents in 2021

Canada last year switched immigration strategies, targeting temporary residents already in the country and converting them to permanent residency Canada has welcomed more than 401,000 permanent residents in 2021, achieving its goal set last year, a...

FP Economy Source: Financialpost December 21, 2021

Retail sales surge as Canadian economy builds momentum ahead of Omicron wave

Households appear keen to shop: Sales grew 1.6 per cent from September, to $57.6 billion, the second highest on record Retail sales rebounded in October, further evidence that Canada’s economy will be facing the fifth wave of COVID-19 infections wi...

FP Economy Source: Financialpost December 20, 2021

Wage growth outpaces inflation as job vacancies surge to record

Employers are offering more pay to fill positions, a boost for workers that could be wiped out if companies raise prices Jobs vacancies surged to a record in the third quarter, and wage growth exceeded inflation in about half of the occupations tha...

FP Comment Source: Financialpost December 17, 2021

William Watson: Identity budgeting

In the next budget — certainly in the next auditor-general’s report — it would be useful to see how much the terminological task force is costing taxpayers The most annoying thing about this week’s federal economic and fiscal update from Finance Mi...

Source: Bankofcanada December 15, 2021

Building on success

Governor Tiff Macklem speaks about the Bank of Canada’s monetary policy framework review and the agreement between the Government of Canada and the Bank to renew the...

FP Economy Source: Financialpost December 15, 2021

'A pause, not a pivot': What business and economists are saying about Freeland's fiscal update

'While today's fiscal news can be characterized as moderately positive, the main message is stay tuned' Finance Minister Chrystia Freeland’s fall update on the economy revealed government finances are in better shape than previously projected. The...

FP Economy Source: Financialpost December 14, 2021

Ottawa to reveal economic forecast and fiscal update amid surging inflation and calls to stem spending

COVID-19 supports produced the highest deficit since Second World War last year OTTAWA — Canadian Prime Minister Justin Trudeau’s government will outline new fiscal and economic forecasts in a document to be released on Tuesday as inflation surges...