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Economy News

Alberta to boost minimum wage to $15 an hour despite concerns from lobby groups
Alberta's labour minister is dismissing concerns from "well-funded lobby groups" about significant job losses and going ahead with the province's plan to increase the minimum wage to $15 an hour.
Posted on 6-30-2016 at 3:52 PM
The Week Ahead: Calgary Stampede begins, Fed June meeting minutes
BNN sets up the week ahead to highlight what investors should be expecting.
Posted on 6-30-2016 at 1:39 PM
Carney hints at more stimulus as post-Brexit uncertainty intensifies
Mark Carney is laying the groundwork for more stimulus. Just hours after Boris Johnson pulled out of the race to replace David Cameron, the BOE's governor highlighted Brexit-induced uncertainty.
Posted on 6-30-2016 at 11:47 AM
Canada’s economy sees ‘welcome bounce’ with modest April gain
Canada’s economy broke out of its winter doldrums and returned to modest growth in April, in a broad-based rebound led by strong manufacturing output, healthy consumer demand and growing government spending.
Posted on 6-30-2016 at 9:05 AM
World stocks set for worst month since January as Soros says Brexit ‘unleashed' crisis
World stock markets rose for a third day and bond yields hovered around record lows as investors expected more stimulus from central banks in the wake of Britain's vote to leave the EU and as the Bank of England raised the prospect of bond buying this summer.
Posted on 6-30-2016 at 8:50 AM
Most big U.S. banks pass Fed stress test

Most of the largest U.S. banks are solid enough to increase payouts to shareholders, the U.S. Federal Reserve said Wednesday, with just two subsidiaries of foreign banks failing its annual stress test.

Posted on 6-29-2016 at 7:48 PM
Alberta deficit rose to $6.4B last year on depressed oil prices, shrinking economy
Alberta says depressed oil prices and a shrinking economy pushed its deficit up to $6.4 billion last year -- $324 million higher than expected.
Posted on 6-29-2016 at 1:32 PM
Global stocks gain as Brexit nerves settle
European and Asian stock markets built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus.
Posted on 6-29-2016 at 7:26 AM

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