Economy news in Canada

An overview of news, trends and research in the category Economy in Canada:

Canadian economy continued modest growth in second quarter The Canadian economy continued growing modestly in Q2 2024, according to the most recent Main Street Quarterly report from the Canadian Federation of Independent Business (CFIB) and AppEco, an econom
19 July 2024
Canada will narrowly avoid recession in second half of 2023, says CFIB report The Canadian economy is forecasted to narrowly avoid a recession in the second half of 2023, according to the most recent Main Street Quarterly report from the Canadian Federation of Independent Busi
23 October 2023
Canadian CEOs remain confident despite mounting challenges Canadian chief executive officers remain confident in their companies and the Canadian economy despite headwinds in the form of inflation, high cost of living, disruptive tech, and geopolitical uncer
17 October 2023
Interest rate cuts not expected until Q2 2024, says RSM Canada As the Canadian economy remains resilient, buoyed by record levels of immigration, Canadians shouldn’t expect an interest rate cut until at least Q2 2024, according to RSM Canada's most recent
15 September 2023
Canadian workers pressured by inflation, high workloads Canadian workers are feeling pressure from persistent inflation and high workloads, according to PwC’s annual Hopes and Fears survey.
09 August 2023
Canadian economy to avoid recession, says CFIB report The Canadian economy is expected to avoid a recession in the first half of 2023, according to the most recent Main Street Quarterly report from the Canadian Federation of Independent Business (CFIB)
17 April 2023
Canada to experience mild recession this year, Deloitte says Canada’s real gross domestic product (GDP) is projected to fall by 0.5% in 2023 and then rebound with 2% growth in 2023, according to an economic outlook report from Deloitte Canada.
28 March 2023
Despite declining confidence, Canadian consumers still spending Despite heavy concerns about their personal finances, Canadian shoppers are still spending, according to a late-2022 PwC survey of 500 Canadians.
17 March 2023
RSM: Inflation to drop to 3% in Canada by end of 2023 Inflation in Canada is projected to fall to 3% by the end of 2023, according to RSM’s Q1 “The Real Economic Canada” report.
02 March 2023
Canadian fintech investment dips in 2022 after banner 2021 Investment in Canada’s financial technology (fintech) industry fell 81.4% to US$1.
16 February 2023
Canadian VC investment drops to $8.19 billion in 2022 Canadian venture capital investment fell to $8.19 billion in 2022, down from a record $14.16 billion in 2021, according to preliminary results from research firm CPE Media.
04 January 2023
Dillon Consulting partners with Three Fires Group Dillon Consulting, a national engineering and environmental consulting firm, has entered a joint venture agreement with Three Fires Group (TFG), a First Nations-owned economic development corporation
07 December 2022
Battered by cost of living crisis, consumers cutting back on holiday spending Worn down by broad-based inflation and worsening finances, Canadian consumers are expected to spend 17% less this holiday season than in 2021, according to Deloitte Canada’s annual holiday retail out
09 November 2022
Economic headwinds set in as inflation continues to bite The Bank of Canada’s efforts to curb inflation will cool the economy heading into next year, according to RSM Canada’s quarterly “The Real Economy” report.
06 October 2022
Inflation forcing Canadians to tighten belts again Persistent high inflation is making Canadians return to their pandemic downturn behaviours – including cutting down on non-essentials and trading down to cheaper alternatives.
01 September 2022
Canadian VC investment craters in second quarter as US money retreats Canadian venture capital disbursements fell to $1.17 billion in the second quarter of 2022 – down 67% from Q1 2022 and down 76% from Q2 2021 – as US and foreign investors abandoned the Canadian market, according to analysis from research firm CPE Media.
24 August 2022
Surging commodities driving Canadian economy as storm clouds gather Surging commodity prices – including oil and gas, food crops, and metals – are helping drive Canadian economic growth, but central bank responses to rampant inflation are likely to cool an overheated
25 May 2022
More than half of Canadians say inflation making it harder to afford things More than half of Canadians (53%) say the rising cost of goods and services is making it more difficult to afford things, according to recent survey from EY Canada.
05 May 2022
Pandemic has had disproportionate impact on low-income households The Covid-19 pandemic has disproportionately impacted the finances of low-income Canadians, according to a recent report from Seymour Consulting commissioned by Proper Canada and ABLE Financial Empow
05 November 2021
Deloitte: Average holiday shopper expected to boost spending by 31% Canadians expect to spend an average of $1,841 this holiday season - up 31% from 2020’s $1,405 and up 8% from 2019’s $1,706 - according to Deloitte’s annual Holiday Retail Outlook survey.
28 October 2021
As supply chain disruptions continue, Canada's economy feels the pain Unabating supply chain disruptions are threatening Canada’s economic recovery, according to RSM Canada’s quarterly The Real Economy report.
21 October 2021
Canadian firms targeting growth through mergers With business leaders optimistic about a return to profitability, Canadian companies are looking to drive growth through mergers and acquisitions, according to EY’s “Global Capital Confidence Baromet
15 June 2021
US stimulus package, resurgent US economy buoy Canada's prospects The Biden Administration’s $1.9 trillion stimulus package will help drive Canada’s economy to 6.5% growth in 2021, according to RSM Canada’s second quarterly economic update.
19 April 2021
Canadians back continued government stimulus, finds KPMG survey Most Canadians (77%) continue to support major stimulus spending to kick-start the country’s economy, according to a recent survey from KPMG Canada.
13 April 2021
End of US-China trade war, vaccine distribution key to Canada's recovery Improved international trade relations and the rapid rollout of an effective vaccine will be key to a strong economic recovery for Canada, according to a recent report from RSM.
09 February 2021
KPMG: Canadians want 'Canada-first' economic recovery strategy Canadians want a “Canada-first” strategy to jumpstart the economy, according to a January KPMG survey of 4,000 people.
05 February 2021
Canadian construction sector to rebound in 2021 The Canadian construction sector is set to rebound in 2021 after a pandemic-related dip in 2020, according to a recent report from Vancouver-based real estate and infrastructure advisory firm BTY Gro
30 December 2020
Canadian venture capital investment continues to drop in third quarter Canadian venture capital investment was $895 million Q3 2020, according to a recent report from research firm CPE Media. That represents a decline of 58% from Q3 2019.
11 December 2020
Majority of Canadians plan to spend less on non-essential goods Fifty-five percent of Canadian consumers plan to decrease spending on non-essential goods and services, according to an April survey from EY.
03 September 2020
Digitization to push global services trade to US$8 trillion by 2025 As the pandemic accelerates the adoption of digital and remote operations, cross-border trade of professional services is expected to propel overall services trade to $8 trillion by 2025, according t
20 August 2020
Calgary taps consultants to help boost attractiveness as video game hub Calgary Economic Development enlisted consultants to build a strategy for making the Alberta city a leading hub for video game and immersive media development.
19 August 2020
Short-term data shows economic activity rising, but industry still in shock Short-term data suggests that economic activity in Canada is increasing since an April collapse, according to RSM Canada’s most recent “Real Economy” report, which was released yesterday.
15 July 2020

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