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Economy News

U.S. companies cutting costs on fears of economic downturn
The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other U.S. industries.
Posted on 2-02-2016 at 1:11 PM
Global factories parched for demand, need stimulus
January surveys of global factory activity released on Monday showed the new year began much as the old one ended - with too much capacity chasing too little demand.
Posted on 2-01-2016 at 7:36 AM
Alberta may be eligible for federal relief: Morneau
The Liberal government has confirmed that Alberta may qualify for a financial boost under a little-known federal program to help ease the province's economic pain from falling commodity prices.
Posted on 1-29-2016 at 1:54 PM
Oil and gas help boost Canada's economy in November

Canada’s economy awoke from its fall slumber to post modest growth in November, thanks to rebounds in manufacturing, energy production, and wholesale and retail trade.

Posted on 1-29-2016 at 8:40 AM
CIBC trims economic forecast; warns against pessimism ‘overdose’
One of Canada’s big banks is cutting its economic forecast for the country for a second time in a matter of weeks.
Posted on 1-28-2016 at 9:15 AM
Alberta job losses last year worst since early 1980s recession: Statscan
Alberta suffered its worst year for employment losses since the dark days of the National Energy Program and early 1980s recession, revised labour figures from Statistics Canada show.
Posted on 1-26-2016 at 12:32 PM
Is Canada a nation of cash hoarders?
Canadians are sitting on a record $75 billion in cash, and CIBC says that’s setting back portfolio returns and the economy. The bank says market volatility is forcing investors to seek refuge in cash at the fastest rate since 2011.
Posted on 1-26-2016 at 9:11 AM
Loonie dips with lower crude oil prices, trimming last week's rally
The Canadian dollar fell against its U.S. counterpart on Monday, trimming last week's gains, as Friday's short-covering rally in crude oil prices was partly unwound.
Posted on 1-25-2016 at 10:39 AM

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