Most of Canada’s employment statistics in September returned to pre-pandemic levels, clear good news of a recovery, according to data released by Statistics Canada on Friday. Canada added an encouraging 157,000 jobs in September, bringing its total employment to just over the February 2020 level. In a ... READ MORE >
Canada
3 things to know in energy: Surging prices, Permian Basin shifts, Canada’s election
In this week's energy industry analysis, we look at the crunch caused by surging prices and decreased supply, how shifting assets in the Permian Basin might affect the industry, and what the results of Canada's federal election might mean for energy policy. Here’s the latest: 1. Energy shortage and ... READ MORE >
3 things to know this week in energy: Major cyberattack, oil deals, pipeline permits
Biweekly, we highlight three things going on in the energy industry that we think you should know about. This week’s top item is the Colonial Pipeline ransomware attack. Plus, we look at oilfield deal announcements and tensions around a pipeline that runs across Wisconsin and Michigan to Ontario. Here’s ... READ MORE >
CHART OF THE DAY: A resurgent pandemic in Canada
Canada reached a grim milestone in early April, passing one million cumulative cases of COVID-19 infections. More than 8,760 new cases are being reported each day as this latest surge of infections closes in on the levels of the post-holiday second wave. If the current breakout is not quickly ... READ MORE >
3 things to know in energy: signs of oil upswing, petrochemicals in Canada, Biden’s jobs plan
Signs are emerging that the oil industry is on an upswing, a nascent program in Canada to stimulate growth in Alberta’s petrochemicals sector just awarded its first grant, and clean energy is a core part of Biden’s proposed American Jobs Plan. Biweekly, we round up news and analysis about three things ... READ MORE >
Closing Canada’s output gap with a little help from its friends
The developed economies of the world are on the verge of recovery, the pace of which will depend on how fast vaccinations are administered and when confidence in personal interaction is restored. The Organization for Economic Co-operation and Development’s latest economic outlook put it succinctly: ... READ MORE >
Inflation-adjusted interest rates and investment in the future of Canada’s economy
A confluence of events and policy shifts has coalesced into a unique opportunity for the Canadian government and firms to make long-term strategic investments. The arrival of inflation-adjusted negative interest rates presents a rare chance for Canadian businesses to invest in their firms and ... READ MORE >
Canada jobs: Canadian economy surprises again, regional disparities remain, outlook uncertain
New jobs data on Friday showed that the Canadian economy added another 952,900 jobs in the month of June, exceeding expectations by a large margin. High frequency and alternative indicators of economic activity such as restaurant bookings, public transportation use and traffic congestion levels had ... READ MORE >
Surprise increase in jobs, but some worrying signs for the Canadian economy
The Canadian economy is coming back on line and appears to have bottomed out--at least for now. Social distancing measures have been eased; real time and high frequency indicators like traffic levels, public transportation use and restaurant bookings have increased. Canada added 289,600 jobs in the ... READ MORE >
The shock to Canada’s system – unsettling financial conditions and unprecedented monetary response
Stress in Canada’s financial system amid the spread of the coronavirus pandemic has risen to levels unseen since the days prior to the September 2008 meltdown of the global financial system. Canada's system, as measured by the RSM Canada Financial Conditions Index, experienced a blow of more than four ... READ MORE >