Biweekly, we round up news and analysis about three things going on in the energy industry that we think you should know about. Here’s the latest. … READ MORE >
Canada
Closing Canada’s output gap with a little help from its friends
While the American economy is expected to exceed its pre-pandemic projection by 0.2% this year, Canada is expected to undershoot by 3.2%. It is in every nation’s best interest to work for the success and health of all economies. … 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. … READ MORE >
Canada jobs: Canadian economy surprises again, regional disparities remain, outlook uncertain
New jobs data 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 predicted a large increase, as had some traditional measures like housing starts, which increased significantly in June. … READ MORE >
Surprise increase in jobs, but some worrying signs for the Canadian economy
Canada is coming back on line. Social distancing measures have been eased; “realer” time and high frequency indicators like traffic levels, public transportation use and restaurant bookings have increased. Canada added 289,600 jobs in the month of May, when economists had expected a decline of 500,000. The unemployment rate increased to 13.7%, but this was due to more people looking for work. … READ MORE >
The shock to Canada’s system – unsettling financial conditions and unprecedented monetary response
Stress in Canada’s financial system this week 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. … READ MORE >
Coronavirus impact on Canadian economy calls for more government action
There is no question COVID-19 will significantly wound the Canadian economy. The big question governments and policymakers have to grapple with is whether the downturn will be short term or longer term in nature. Indeed, the answer to this question will help to guide the appropriate fiscal policy response. … READ MORE >
Tech is taking hold in Canada–The Real Economy, Canada has the story
Either by federal and local government promotion of technology or the invisible hand of capitalism, technology has taken hold in cities throughout Canada. The knock-on benefits to local economies as tech industries establish footholds include: the revitalization of city life; increased tax revenue that can be applied to improvements in infrastructure; increased demand for better education and cultural facilities; and demographic shifts to complement the existing labor force. … READ MORE >
RSM launches Canadian edition of The Real Economy
In the inaugural issue of The Real Economy, Canada, RSM Chief Economist Joseph Brusuelas closely examines the primary drivers of growth for 2019, which include modest consumer spending, government expenditures, and an economy bolstered by an increase in business investment. … READ MORE >