Canada’s economy in September reversed the slowing labour market of the summer, adding 21,100 jobs while unemployment fell to 5.2%, according to government data released Friday. … READ MORE >
Accounting for climate risks in business decisions
Businesses of all kinds, not just the insurance industry, must account for climate-related physical risks and factor them into strategic decisions. … READ MORE >
Canada’s supply chain healthy as demand slows
The RSM Canada Supply Chain Index reached 2.31 in August, one of the highest readings since 2000, thanks to improvements across delivery time, prices, and inventory levels, signaling sufficient health of the supply chain. … READ MORE >
Canada’s inflation declines amid cooling gas prices
Inflation declined by 0.3% in August for the second monthly decline in a row thanks to cooling gasoline and energy prices, … READ MORE >
Canada housing starts fall amid rising rates
Canada’s housing starts fell to 267,443 in August, a 3% drop from July, continuing the decline in the housing sector because of rising interest rates. … READ MORE >
Canada’s jobless rate rises off its record low
Canada lost 40,000 jobs in August, bringing the unemployment rate up to 5.4% from its record low in July as construction and education led the declines. … READ MORE >
Bank of Canada increases policy rate to 3.25%
The Bank of Canada increased its policy rate by 75 basis points on Wednesday, bringing the overnight rate to 3.25%, and said that it would continue to reduce its balance sheet. … READ MORE >
Housing proved a drag on Canada’s economy in the second quarter
Canada’s real gross domestic product rose by 0.1% in June from May amid a slumping housing sector, and by 3.3% overall for the second quarter. … READ MORE >
After a strong recovery in Canada, economic headwinds set in
The Canadian economy has had a year of robust recovery, but now that growth is slowing as economic headwinds set in. … READ MORE >
Immigration is key to solving Canada’s labour shortage
Canada cannot solve its chronic shortage of workers through natural growth. It needs a policy of robust immigration. … READ MORE >