Canadian merchandise trade deficit narrows in May

Canada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May, says Statistics Canada

Canadian merchandise trade deficit narrows in MayCanada's merchandise trade deficit with the world narrowed from $4.3 billion in April to $677 million in May, according to a new report released Thursday by Statistics Canada. “Following historic declines in April that saw exports and imports lose more than one-quarter of their monthly value due to the COVID-19 pandemic, exports increased 6.7 per…

Canadian health sector businesses struggling to survive

88 per cent are concerned PPE will become a significant expense for their business while almost half (49 per cent) are worried about accessing PPE

Canadian health sector businesses struggling to surviveMost Canadian small businesses in the health sector are worried about their financial wellbeing and are expressing concerns about accessing PPE (personal protective equipment), according to new research from the Canadian Federation of Independent Business (CFIB). “Small businesses in the health services sector are struggling with the costs to follow hospital grade operational guidelines without…

Alberta CEOs release plan for the future economy

"Alberta is the place where talented people should work together to create new opportunities and solve the toughest problems"

Alberta CEOs release plan for the future economyA report released Tuesday by the Business Council of Alberta (BCA) proposes solutions to make Alberta the place where the brightest minds come together and solve the world’s biggest challenges. "Alberta is the place where talented people should work together to create new opportunities and solve the toughest problems,” said Dawn Farrell, a member of…

58% of Canadian businesses are now fully open: CFIB

23 per cent are making normal sales for this time of year and 34 per cent are back to normal staffing levels, says the national organization

58% of Canadian businesses are now fully open: CFIBThe Canadian Federation of Independent Business (CFIB) said on Tuesday that its weekly small business recovery dashboard saw a slight improvement since its launch last week as part of the #SmallBusinessEveryDay campaign, which will run through the fall.  Fifty-eight per cent of businesses are fully open (compared to 53 per cent last week), 23 per…

Tourism spending in Canada sees largest decline ever

Tourism gross domestic product (GDP) decreased 14.8 per cent, while jobs attributable to tourism fell 6.5 per cent, both also the largest quarterly declines

Tourism spending in Canada sees largest decline everTourism spending in Canada fell 14.2 per cent in the first quarter—the largest decline on record—in the wake of measures imposed to contain the COVID-19 pandemic in March, reported Statistics Canada on Tuesday. The federal agency said tourism gross domestic product (GDP) decreased 14.8 per cent, while jobs attributable to tourism fell 6.5 per cent,…

Canadian GDP takes a big hit in April due to COVID

Mining, quarrying and oil and gas extraction decreased 9.4 per cent in April, as all subsectors were down

Canadian GDP takes a big hit in April due to COVIDReal gross domestic product (GDP) in Canada dropped 11.6 per cent  in April, following a 7.5 per cent decline in March as April marked the first full month of measures put in place to slow the spread of COVID-19, according to a new report released Tuesday by Statistics Canada. The federal agency said all 20…

Purolator adding 1,100 jobs to meet increased demand

The new jobs are located across Canada, and the company expects to hire another 1,000 employees in a few months to help satisfy peak season demand

Purolator adding 1,100 jobs to meet increased demandA surge in e-commerce and the rise in home delivery has Purolator responding by creating more than 1,100 jobs to meet the increased demand. "Everyone has experienced dramatic change over the past few months and we are accelerating our growth and innovation plans to help businesses recover, to help people and families adapt and stay…

Alberta Recovery Plan includes record $10-billion investment

The Alberta government will launch a series of large-scale infrastructure projects this summer at a total cost of $612 million

Alberta Recovery Plan includes record $10-billion investmentAlberta’s Recovery Plan announced Monday includes a record $10-billion investment in infrastructure and a plan for 50,000 jobs this year. “Albertans have risen to the challenge of the pandemic, though we will continue to be careful, especially for those who are most at risk. Now we must extend that same culture of resilience to overcoming…

Alberta launches relaunch grant for struggling businesses

Relief from the grant for businesses and non-profits can be used to offset the costs they are facing as they reopen their doors

Alberta launches relaunch grant for struggling businessesThe Alberta government is launching on Monday its Small and Medium Enterprise Relaunch Grant which offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that faced restrictions or closures from public health orders, and experienced a revenue loss of at least 50 per cent due to the COVID-19 pandemic. Eligible job creators can apply…

Over half of Canadians are cutting spending

69 per cent of Albertans say they are cutting discretionary spending, compared to the national average of 63 per cent, says survey

Over half of Canadians are cutting spendingCOVID-19's impact on the economy is causing many Canadians to worry about the future as 79 per cent of respondents in CIBC's Financial Priorities Poll say they are concerned about continued recessionary times next year, compared to 55 per cent who said they feared an economic downturn in a December 2019 survey. The poll, which was released on Monday,…
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