economy

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Pandemic job concerns could pose problem in long-term, Bank of Canada says

Lockdowns in the spring of 2020 led to a historic drop in employment with about three million jobs lost

 

Royal Bank president David McKay speaks at the banks annual meeting in Toronto on April 6, 2017. McKay says it’ll take a few million people in the country getting vaccinating to get the country on track for an economic rebound. THE CANADIAN PRESS/Frank Gunn

At least 4 million Canadians need vaccines for country to look at reopening economy: RBC

McKay says government relief will have to continue and become focused on areas of the economy

 

Office towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but was still more than 200 times the average worker compensation.THE CANADIAN PRESS/Adrien Veczan

Top CEO pay in 2019 fell, but still more than 200 times average workers: CCPA report

The average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018

 

Nineteen salmon farms in the Discovery Islands have been given 18 months to vacate, causing shock and uncertainty in the industry. (Photo courtesy Grieg Seafood BC)

Canada ‘stole Christmas’ says Vancouver Island’s aquaculture industry

Federal decision to phase out 19 Discovery Island fish farms has sent shivers across northern Vancouver Island

Nineteen salmon farms in the Discovery Islands have been given 18 months to vacate, causing shock and uncertainty in the industry. (Photo courtesy Grieg Seafood BC)
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

Statistics Canada reports economy grew 0.4 per cent in October

The increase followed growth of 0.8 per cent in September

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan
Bad weather 2019 and governance vacuum in 2020 delayed the project and added extra cost to the budget. (Mirror file photo)

New cost of Sayward dam project almost $1.2 million

Costs have increased by another $208,513 after previous cost increases in 2019 and 2020

Bad weather 2019 and governance vacuum in 2020 delayed the project and added extra cost to the budget. (Mirror file photo)
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor of the Bank of Canada Carolyn Wilkins are seen during a news conference in Ottawa, Wednesday, July 15, 2020. The Bank of Canada will deliver a rate announcement today with observers watching if news about vaccines gives a shot in the arm to the bank’s outlook on the economy. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada keeps key interest rate target on hold at 0.25%

The announcement marks the interest last rate decision the central bank will make this year

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor of the Bank of Canada Carolyn Wilkins are seen during a news conference in Ottawa, Wednesday, July 15, 2020. The Bank of Canada will deliver a rate announcement today with observers watching if news about vaccines gives a shot in the arm to the bank’s outlook on the economy. THE CANADIAN PRESS/Adrian Wyld
A woman in a face mask exits Le Chateau at Guildford Town Centre in Surrey, B.C., Friday, Dec. 4, 2020. The clothing store is going out of business amid the global COVID-19 pandemic. THE CANADIAN PRESS/Marissa Tiel

Pandemic shutdowns the last straw for some Canadian retailers, push others to brink

Some retail chains went into 2020 already saddled with massive debt and too many stores

A woman in a face mask exits Le Chateau at Guildford Town Centre in Surrey, B.C., Friday, Dec. 4, 2020. The clothing store is going out of business amid the global COVID-19 pandemic. THE CANADIAN PRESS/Marissa Tiel
North Island mayors say their voices should be heard by DFO before final decisions are made about fish farms. (Black Press file photo)

North Island mayors asking to be let in on fish farm consultations

DFO evaluating 18 Discovery Island fish farms and transitioning from open-net farms

North Island mayors say their voices should be heard by DFO before final decisions are made about fish farms. (Black Press file photo)
A man watches the sun rise over Niagara Falls in Niagara Falls, Ont. on Wednesday Nov. 4, 2020. Ottawa is rolling out a wave of new funding for pandemic-battered industries including tourism, the arts and regional aviation, with smaller companies top of mind — and large airlines notably absent. THE CANADIAN PRESS/Frank Gunn

Ottawa beefs up loans for hard-hit sectors — but big airlines not included for now

The move aims to bolster an industry made up largely of small and medium-sized businesses

A man watches the sun rise over Niagara Falls in Niagara Falls, Ont. on Wednesday Nov. 4, 2020. Ottawa is rolling out a wave of new funding for pandemic-battered industries including tourism, the arts and regional aviation, with smaller companies top of mind — and large airlines notably absent. THE CANADIAN PRESS/Frank Gunn
Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks about the Fiscal update during a news conference in Ottawa, Monday November 30, 2020. THE CANADIAN PRESS/Adrian Wyld

VIDEO: With deficit closing in on $400 billion, Liberals detail more spending to come

The country has recovered about three-quarters of the three million jobs lost during spring lockdowns

Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks about the Fiscal update during a news conference in Ottawa, Monday November 30, 2020. THE CANADIAN PRESS/Adrian Wyld
A cleaner wipes a glass panel at Toronto’s Eaton Centre Shopping mall on Saturday, March 21, 2020. The national statistics office will say this morning how much the domestic economy bounced back in the third quarter of the year. The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. THE CANADIAN PRESS/Chris Young

Statistics Canada says economy grew at a record pace in third quarter of 2020

As historic as the rebound was, it fell short of expectations

A cleaner wipes a glass panel at Toronto’s Eaton Centre Shopping mall on Saturday, March 21, 2020. The national statistics office will say this morning how much the domestic economy bounced back in the third quarter of the year. The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. THE CANADIAN PRESS/Chris Young
NDP Leader John Horgan, left, speaks as local candidate Ravi Kahlon listens during a campaign stop at Kahlon’s home in North Delta, B.C., on April 18, 2017. THE CANADIAN PRESS/Darryl Dyck

B.C.’s economic recovery minister says getting through pandemic will be team approach

Kahlon, 41, said he will consult broadly on the recovery

NDP Leader John Horgan, left, speaks as local candidate Ravi Kahlon listens during a campaign stop at Kahlon’s home in North Delta, B.C., on April 18, 2017. THE CANADIAN PRESS/Darryl Dyck
Pedestrians stroll along Spring Garden Road in Halifax on Thursday, Nov. 19, 2020. A new retail shopping event has arrived, encouraging consumers to support local, independent businesses during the holiday season. THE CANADIAN PRESS/Andrew Vaughan

‘Nightmare on Main Street:’ After a tough year, campaign urges consumers to buy local

Only 38 per cent of retail businesses are reaching their usual sales levels

Pedestrians stroll along Spring Garden Road in Halifax on Thursday, Nov. 19, 2020. A new retail shopping event has arrived, encouraging consumers to support local, independent businesses during the holiday season. THE CANADIAN PRESS/Andrew Vaughan
Campbell River city council recently held a roundtable meeting with leaders from the aquaculture and forestry industries to discuss how they can be part of a post-COVID economic recovery in the region.

North Island officials holding roundtable on aquaculture, forestry

Will go forward with quarterly meetings involving industry leaders to address issues in the sectors

Campbell River city council recently held a roundtable meeting with leaders from the aquaculture and forestry industries to discuss how they can be part of a post-COVID economic recovery in the region.
Children’s backpacks and shoes are seen at a daycare in Langley, B.C., on Tuesday May 29, 2018. THE CANADIAN PRESS/Darryl Dyck

National child-care system would boost women’s job numbers and economy, report says

Liberals have promised to make a long-term spending commitment to create a national child-care system

Children’s backpacks and shoes are seen at a daycare in Langley, B.C., on Tuesday May 29, 2018. THE CANADIAN PRESS/Darryl Dyck
An economic recovery plan in progress since April offers various recommendations for the region to overcome the impacts of COVID-19. (Nina Grossman/News Staff)

Greater Victoria economic ‘reboot’ plan tackles impacts of COVID-19

Newly-formed task force looks at various sectors, industries

An economic recovery plan in progress since April offers various recommendations for the region to overcome the impacts of COVID-19. (Nina Grossman/News Staff)
Dan Kelly, President of the Canadian Federation of Independent Business (CFIB) speaks in Toronto on Thursday, September 11 2014. he Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they’re scheduled to rise. THE CANADIAN PRESS/Chris Young

CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

CFIB says employees could see their take-home pay fall when their CPP premiums go up

Dan Kelly, President of the Canadian Federation of Independent Business (CFIB) speaks in Toronto on Thursday, September 11 2014. he Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they’re scheduled to rise. THE CANADIAN PRESS/Chris Young
A woman pushes a baby stroller through a gentle snow fall on a sidewalk just below Parliament Hill in Ottawa Saturday, January 8, 2011. A new report from Royal Bank of Canada says more than 20,000 women left Canada’s workforce between February and October, but about triple the number of men joined it. THE CANADIAN PRESS/Fred Chartrand

Women leaving workforce faster than men, childcare playing big role in exodus: study

The study warns that this pattern could slow down the economic recovery

A woman pushes a baby stroller through a gentle snow fall on a sidewalk just below Parliament Hill in Ottawa Saturday, January 8, 2011. A new report from Royal Bank of Canada says more than 20,000 women left Canada’s workforce between February and October, but about triple the number of men joined it. THE CANADIAN PRESS/Fred Chartrand
All eyes on mini doughnuts during the Fair at the PNE, which gets going for another year on Saturday, Aug. 17, in East Vancouver. (submitted photo)

Why the doughnut economy is good for business and sustainability

Vancouver Island Economic Alliance: produce to survive, but within boundaries of what the Earth has

All eyes on mini doughnuts during the Fair at the PNE, which gets going for another year on Saturday, Aug. 17, in East Vancouver. (submitted photo)