Daily News

FP Economy Source: Financialpost January 21, 2022

Retail sales dropped in December amid Omicron lockdowns

Retailers sold 2.1 per cent fewer goods in December, Statistics Canada estimates OTTAWA — Canadian retail sales most likely fell by 2.1 per cent in December as authorities imposed restrictions to fight the Omicron variant of the coronavirus and ret...

FP Economy Source: Financialpost January 19, 2022

Liberals' tens of billions in planned stimulus spending no longer needed, watchdog says

Budget officer Yves Giroux says rationale for stimulus of up to $100 billion no longer exists, unless the government has changed the policy yardsticks OTTAWA — Prime Minister Justin Trudeau is giving no indications of plans to rein in government sp...

FP Economy Source: Financialpost January 19, 2022

Inflation climbs to highest in more than 30 years, raising odds of rate hike next week

Kevin Carmichael: Inflation rises to 4.8%, pushed higher by increases in the cost of almost everything Canada’s broadest measure of inflation climbed 4.8 per cent in December from a year earlier, the largest increase in more than 30 years, raising...

FP Economy Source: Financialpost January 17, 2022

Don Lindsay: How to seize Canada's clean growth opportunity

The ambition Canada has shown on the climate file is laudable and heading in the right direction — but there’s much more we can and should do The “big picture” economy can seem overwhelmingly large and complex. It’s easier to watch it unfold, letti...

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...