economy

B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)

Record return: Victoria-based company sets new B.C. standard for pension investment

B.C. Investment Management Corporation gained 16.5 per cent in 2020 for civil service pension plan

 

FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Women, BIPOC Canadians must remain focused as economy recovers from COVID: report

People who bore the brunt of pandemic restrictions must be taken into account

 

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada will act to cool inflation if prices run too hot, Macklem says

The central bank forecast inflation will run above 3 per cent this year

 

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada cuts growth forecast for 2021, reduces bond-buying target

Bank now expects growth of 4.6 per cent in 2022, up from its earlier forecast of 3.7 per cent

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang

Gen Z, millennials playing a significant part in the Great Resignation trend

One-third of employed generation Z and millennial professionals polled reported plans to pursue a new job

Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names Carolyn Rogers as new senior deputy governor

Rogers succeeds Carolyn Wilkins as the Bank of Canada’s second-in-command

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
(The Canadian Press)

IPOs booming as Canadian companies refuse to let crisis deter them from going public

TMX counted 158 new listings on the exchanges as of April, while all of last year had 300 and 2019 saw 273

(The Canadian Press)
A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck

Canada posts $1.4B trade deficit in May as imports rose and exports fell

Statistics Canada said Friday the result followed a revised surplus of $462 million in April

A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck
Canada’s Finance Minister Chrystia Freeland, is shown ahead of the G7 finance ministers meeting at Lancaster House in London, Friday June 4, 2021. THE CANADIAN PRESS/Steve Reigate/Pool via AP

Economic aid could be extended beyond the fall if recovery falters, Freeland says

As is, measures to extend business and unemployment benefits will be in place until the end of September

Canada’s Finance Minister Chrystia Freeland, is shown ahead of the G7 finance ministers meeting at Lancaster House in London, Friday June 4, 2021. THE CANADIAN PRESS/Steve Reigate/Pool via AP
Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang

Economy contracted 0.3% in April, biggest hit since early days of pandemic

Attention will now turn to June as experts expect a consumer-led recovery with restrictions rolling back

Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang
A small scale example of how big the maximus dinosaur is compared to Sparwood's Titan truck. (Image courtesy of District of Sparwood)

Sparwood goes digging for fossils (maybe)

The district is exploring options that could see it acquire a giant dinosaur skeleton

A small scale example of how big the maximus dinosaur is compared to Sparwood's Titan truck. (Image courtesy of District of Sparwood)
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Growth in Canadian household wealth on track to slow down as economy reopens

‘I think households will be tempted to restart spending on things like dining out, clothing,’ says TD Bank economist Ksenia Bushmeneva

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Majority of economists expect Bank of Canada to stay put on interest rates: survey

The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared

The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
A Statistics Canada building and sign is pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

RBC economist: Stronger economic growth for Canada expected in rest of 2021

Statistics Canada reports the economy grew by 5.6% in first quarter

A Statistics Canada building and sign is pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)

Forecast: Rebounding global economy faces multiple threats

Lack of vaccines for poorer nations among the larger issues casting a shadow over recovery

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)
Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Rising interest rates could dampen stimulus impact from federal budget, PBO says

The Bank of Canada is expected to raise its trendsetting interest rate before the end of next year

Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette

Economic boost coming in the back half of 2021, if vaccination stays effective: CIBC

CIBC earned $1.65 billion or $3.55 per diluted share in its second quarter

A CIBC sign is shown in the financial district in Toronto on August 22, 2017. THE CANADIAN PRESS/Nathan Denette
Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang

Bank of Canada digital currency would be greener than Bitcoin, deputy says

Elon Musk said that Tesla would suspend vehicle purchases using Bitcoin out of environmental concern

Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang
People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette

Statistics Canada report says pandemic job losses hit women harder than men

The analysis points to a high proportion of women working at small firms in service industries

People are silhouetted as they wait in line to check their luggage on Friday, March 9, 2007 at Pearson International Airport in Toronto for March Break. A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. THE CANADIAN PRESS/Nathan Denette
Ravi Kahlon listens as John Horgan speaks to supporters during a campaign stop in Surrey, B.C., on Monday May 8, 2017. The British Columbia government is poised to announce details of a provincial restart plan on Tuesday. THE CANADIAN PRESS/Darryl Dyck

Horgan: B.C.’s post-COVID-19 road map to be revealed Tuesday

Plan to restart B.C.’s economy to be revealed as COVID restrictions ease says premier

Ravi Kahlon listens as John Horgan speaks to supporters during a campaign stop in Surrey, B.C., on Monday May 8, 2017. The British Columbia government is poised to announce details of a provincial restart plan on Tuesday. THE CANADIAN PRESS/Darryl Dyck