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Canada’s “More Humane Society” Saved THE Economy

Monday, August 16, 2010, 10:00
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Princeton University economist Paul Krugman noted that more stringent banking regulations, and well a more humane society is what helped Canada make it through the economic downturn far better than most countries, however a full recovery is not a sure thing. Krugman told lawyers at the Canadian Bar Association’s annual meeting that it was amazing to see ... Full story

Tags: banking regulations, canadian economy, canadians, deflation, economic collapse, economic downturn, economic downturns, economist paul krugman, first quarter, full employment, humane society, personal savings rate, princeton university, recession, safety nets, traditional assumptions, unemployment rates, world drift

Unemployment Rate Rises

Friday, August 6, 2010, 8:29
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A key factor in Canada’s recovery stalled last month as we saw the economy shed 9,300 net jobs, and the unemployment rates rose for the first time in almost a year. Statistics Canada has reported that the economy has shed 139,000 full time jobs, though not all of the jobs were lost, many of the jobs ... Full story

Tags: Bank of Montreal, disappearance, douglas porter, economic activity, education sector, fundamental shift, jobless rate, jump start, part time work, payback, recession, short space, softness, statistics canada, time category, time jobs, unemployment rate, unemployment rates

RBC Economics: Canada’s Economic Growth Fastest in the Past Decade

Thursday, June 10, 2010, 9:00
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In the latest Economic Outlook repot from RBC Economics, it notes that Canada’s economy is set for rapid growth in 2010 with real Gross Domestic Product (GDP) is projected to grow by 3.6% reflecting strong domestic demand and increased job creation. Canada’s real GDP grew at 6.1% in the first quarter, ... Full story

Tags: Bank of Canada, canadian economy, chief economist, core inflation, craig wright, economic data, G20, inflation rates, overnight rate, real gdp, unemployment rates

RBC: Canadian Economy in for a Major Rebound

Thursday, March 11, 2010, 9:34
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A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011. RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth. Craig Wright, chief economist ... Full story

Tags: british columbia, business investment, canadians, chief economist, commodity prices, consumer spending, craig wright, credit markets, economic growth, gdp, gdp growth rate, gross domestic product, housing market, low interest rates, newfoundland and labrador, RBC, rebound, stimulus, unemployment rates

Carney sees Recovery being Tough

Friday, February 5, 2010, 8:10
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Bank of Canada Governor Mark Carney is warning that recovery from the global recession is upon us, however Canadian workers and companies should not be assuming there will be a fast return to when the times were all good. The global recession has taken its toll, and as such it ... Full story