Canadian oil and gas sector has huge impact in U.S.
The reality is, Canadians have a significant stake in the United States oil and gas industry
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Canadian GDP falls by 9% in March
Statistics Canada estimates the Canadian economy declined by about 2.6 per cent in the first quarter of 2020
Canadian GDP to plunge in Q2 by more than 30%
Oil prices are down $35 since the start of the year and are projected to average US$31 in 2020, just over half of 2019’s average price
Consumer confidence plunges to lowest level ever
Alberta has the most pessimistic view about future finances. Ontario and British Columbia also have weaker views than the national average
Canadian job losses could total 2.8 million in March and April
These estimates are supported by the number of employment insurance claims, which have topped two million over the last few weeks
Canadian trade deficit narrowed in February
Imports of energy products fell 16 per cent in February, following a high observed in January. Crude oil imports were the largest contributor to the decline
Canadian economic growth modest in January
The economy was hit by a string of negative factors such as factory closures and strikes, and just 12 of 20 major sectors reported increased output
75% wage subsidy coming for Canadian small business
A special emergency business account is being introduced that provides a $40,000 guaranteed-loan for small business, said the federal government
Canadian GDP to contract by as much as 28% in Q2
Canadian GDP is expected to fall 4.1 per cent this year followed by a rebound of 5.1 per cent in 2021, says Scotiabank Economics report
Canada heading for a significant recession
RBC Economics forecasts a 2.5% decline in GDP this year and an 18% drop in the second quarter as a result of the coronavirus
Canadian dollar takes a beating with oil price collapse
The Canadian dollar has come under heavy pressure over the past few weeks, reaching a low of 68.1 US cents on Thursday, says TD report
Canada on the brink of a recession: Report
Economic growth will contract by a projected 2.7% in the second quarter of this year and overall growth of just 0.3% in 2020 is expected
Canadian CEOs write open letter about coronavirus
We urge every leader in the country to immediately shift focus to the singular objective of
slowing the pace of transmission of this coronavirus
