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Economy News

Canada retail sales drop most in four years on gift shopping, gas
Canadian retail sales fell at the fastest pace in more than four years in December as consumers scaled back on holiday gift purchases.
Posted on 2-20-2015 at 8:53 AM
Bank of Canada: Oil slump could briefly dip inflation into the negative
The Central Bank indicated that a dip into negative total CPI inflation, caused by a severe drop in one component of the index, shouldn’t be cause for concern that Canada might slip into a deflationary spiral.
Posted on 2-19-2015 at 3:09 PM
Canada December wholesale trade jumps on widespread strength
The value of Canadian wholesale sales jumped by more than expected in December on widespread gains across the sectors, led by the motor vehicle and parts segment.
Posted on 2-18-2015 at 9:53 AM
CIBC sees Alberta headed for ‘mild’ recession
Alberta’s economy will contract by 0.3 percent and unemployment will spike to 6.8 percent, chief economist Avery Shenfeld and Nick Exarhos said in a new forecast.
Posted on 2-17-2015 at 11:55 AM
Rise of the machines: Robots poised to transform global manufacturing
Advanced industrial robotics are at an “inflection point,” with lower costs and higher capabilities set to reshape the global manufacturing industry, according to new research from Boston Consulting Group. It predicts that, in the next decade, almost a quarter of automated tasks will be performed by robots – up from 10 per cent today.
Posted on 2-10-2015 at 6:50 AM
Poloz denies ‘talking down’ loonie
Bank of Canada Governor Stephen Poloz rejected speculation that he’s trying to boost growth by weakening the Canadian dollar, saying the currency’s decline reflects a deterioration in the economy’s outlook.
Posted on 2-10-2015 at 9:11 AM
Mexico races ahead in auto industry as Canada stalls
Auto investment soared in Mexico last year and light vehicle production topped three million for the first time, underscoring Canada’s decline to junior-partner status in NAFTA when it comes to the auto industry.
Posted on 2-10-2015 at 6:16 AM
From joy to despair: Firms grapple with the frail Canadian dollar
The loonie has fallen 15 percent relative to the U.S. dollar in the past seven months, an unprecedented rapid decline that has taken many Canadian firms by surprise.
Posted on 2-09-2015 at 10:21 AM

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