economy

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang

Statistics Canada says annual pace of inflation edges up in February to 1.1%

Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang
The City of Nanaimo, as seen from the Nanaimo Parkway. (Chris Bush/News Bulletin)

Nanaimo’s state of the economy report points to positive outlook in hard times

Job losses and shutdowns have hurt, but some sectors showing resiliency

The City of Nanaimo, as seen from the Nanaimo Parkway. (Chris Bush/News Bulletin)
Stephen Poloz arrives before a press conference on economic support for Canadians impacted by COVID-19, at West Block on Parliament Hill in Ottawa, on Wednesday, March 18, 2020.THE CANADIAN PRESS/Justin Tang

The Bank of Canada slashed its key rate one year ago. This is how it happened.

Stephen Poloz recalls trying to douse the economic flames caused by the pandemic

Stephen Poloz arrives before a press conference on economic support for Canadians impacted by COVID-19, at West Block on Parliament Hill in Ottawa, on Wednesday, March 18, 2020.THE CANADIAN PRESS/Justin Tang
Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Northwest Deuce Days founder and chief organizer Al Clark, here with his 1932 Ford Deuce Coupe at Clover Point, announced this week that the event has run its course. (Black Press Media file photo)

Major economic generator for Greater Victoria, Northwest Deuce Days cancelled

Huge Inner Harbour show and shine a victim of its own success

Northwest Deuce Days founder and chief organizer Al Clark, here with his 1932 Ford Deuce Coupe at Clover Point, announced this week that the event has run its course. (Black Press Media file photo)
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trend-setting rate. THE CANADIAN PRESS/Sean Kilpatrick

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

Bank points to new, more transmissible variants of COVID-19 as the biggest risk to an economic recovery

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. The Bank of Canada will provide a window into its thinking on the economy as it makes an announcement about its trend-setting rate. THE CANADIAN PRESS/Sean Kilpatrick
Canadian and American flags fly near the Ambassador Bridge at the Canada-USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. The Organization for Economic Co-operation and Development says the Canadian economy could benefit from a faster economic rebound in the United States this year. THE CANADIAN PRESS/Rob Gurdebeke

Canada to benefit from U.S. rebound, says OECD

Report says Canada’s economy is expected to grow 4.7% this year, while the U.S. is slated to grow 6.5%

Canadian and American flags fly near the Ambassador Bridge at the Canada-USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. The Organization for Economic Co-operation and Development says the Canadian economy could benefit from a faster economic rebound in the United States this year. THE CANADIAN PRESS/Rob Gurdebeke
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

After worst year on record, Canada’s economy enters 2021 with double-digit growth

‘Lots of small businesses may have had to shut down… but a lot of other areas did manage to keep grinding through’

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan

Canadian economy contracted 5.4 per cent in 2020, worst year on record

Drop was largely due to shutdowns in the spring as COVID began to spread

Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan
Selina Robinson B.C’s finance minister, says she’s encouraged by predictions that British Columbia’s economy will rebound this year and next. THE CANADIAN PRESS/Darryl Dyck

Economists predict slight rebound and moderate growth for B.C. economy in 2021

B.C. on track for real GDP growth of 4.7% this year and 4.3% next year, before growth slows

Selina Robinson B.C’s finance minister, says she’s encouraged by predictions that British Columbia’s economy will rebound this year and next. THE CANADIAN PRESS/Darryl Dyck
The City of Parksville continues to thrive in the development sector. (PQB News file photo)

Parksville No. 2 on list of B.C.’s most resilient cities

Mayor pleased with recognition of city’s efforts by B.C. Business magazine

The City of Parksville continues to thrive in the development sector. (PQB News file photo)
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has Canadians day trading. THE CANADIAN PRESS/Jesse Johnston

Overheated stock market at risk of bubble in a disconnect from economy, experts say

Canada’s unemployment rate climbed to 9.6 per cent in January as 212,800 jobs were erased that month

A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. Some stock trading platforms say usership has spiked in 2020, as a whipsawing stock market and more time at home has Canadians day trading. THE CANADIAN PRESS/Jesse Johnston
A kayaker paddles off Kil-pah-las Beach in Cowichan Bay in July 2020. (John McKinley file photo)

Cowichan regional dashboard sheds light on progress towards recovery

Some sectors have struggled during the last 10 months while others are doing well

  • Feb 4, 2021
A kayaker paddles off Kil-pah-las Beach in Cowichan Bay in July 2020. (John McKinley file photo)
British Columbia’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. British Columbia’s financial outlook is being hammered by the COVID-19 pandemic, but the provincial government says a partial recovery is on the horizon next year.THE CANADIAN PRESS/Adrian Wyld

Targeted cash, social supports would be more effective than basic income: UBC panel

The panel made 65 recommendations for various policy changes

British Columbia’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. British Columbia’s financial outlook is being hammered by the COVID-19 pandemic, but the provincial government says a partial recovery is on the horizon next year.THE CANADIAN PRESS/Adrian Wyld
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick

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

The central bank is citing the economic conditions and ongoing uncertainty

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick
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

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

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
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

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
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