Canada’s gross domestic product grew by a strong 5.4% in the third quarter on an annual basis and by 1.3% from the previous quarter as spending on in-person services rose … READ MORE >
Canada
Introducing the RSM Canada Supply Chain Index
The RSM Canada Supply Chain Index accounts for factors affecting the delivery of intermediate goods to manufacturers and service providers, providing an overview of the economic conditions surrounding supply chains and offering a forward look for businesses. … READ MORE >
Canadian retail sales fall as chip shortage hurts auto sales
Retail sales in Canada decreased by 0.6% in September, to CA$56.6 billion, as a severe shortage of semiconductor chips slowed production in the auto industry. … READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices. … READ MORE >
Housing starts in Canada dropped for the fifth consecutive month
Housing starts in Canada dropped for the fifth consecutive month to 236,554 in October, down by 5.3% from September as builders grappled with shortages of materials and workers. … READ MORE >
Canadian business: Preparing for the new normal
Here are some ways business owners can navigate the changing landscape of the Canadian economy as it emerges from the pandemic and prepares for a return to greater normalcy. … READ MORE >
This week in energy: Infrastructure bill, carbon capture, oil prices up
In this week’s energy industry analysis, we take a look at the recently passed infrastructure bill’s implications for the sector, proposals for carbon capture and storage projects in Canada, and the recent rise in oil prices. … READ MORE >
As world moves to renewable energy, storage looms as a major hurdle
It’s little mystery that wind and solar power will be a significant part of the answer. Yet even as their costs of production have plummeted, storage capacity will stand in the way of their widespread adoption. … READ MORE >
Carbon pricing—in the spotlight at COP26—could mean big shifts for global trade
Though long touted by economists as the solution to reduce carbon emissions and tackle climate change, carbon pricing has for years been mostly abstract. Discussions at COP26, however, indicate the textbook solution might soon become a reality for more than a few select countries and industries. … READ MORE >
Canada employment steady as more sectors return to pre-pandemic levels
Canada’s economy continued its gradual recovery as the unemployment rate fell to 6.7% in October, the fifth month of decline in a row, according to data released Friday by Statistics Canada. … READ MORE >