Canada’s current account deficit narrows

The reduction reflected a lower deficit in trade in goods and services and was moderated by a lower surplus for investment income

Canada’s current account deficit narrowsCanada's current account deficit narrowed by $4.6 billion in the second quarter to $8.6 billion, reported Statistics Canada on Thursday. The federal agency said the reduction reflected a lower deficit in trade in goods and services and was moderated by a lower surplus for investment income. “In the financial account (unadjusted for seasonal variation), inflows…

Immigration to Alberta has slowed due to the pandemic

The number of permanent residents admitted into Alberta from other countries over the second quarter of 2020 was down by 65 per cent (-8,130 people) compared to the same period last year

Immigration to Alberta has slowed due to the pandemicInternational immigration accounted for over half of Alberta’s population growth last year, but has been severely hampered by the pandemic, says a new report by ATB Financial’s Economics & Research Team.  In its daily economic update, The Owl, the financial institution said the number of permanent residents admitted into Alberta from other countries over the…

Consumer confidence tumbles in August

Alberta had been recovering the fastest across regions so far, with the smallest gap (17.9 points) between its August index and its pre-pandemic index

Consumer confidence tumbles in AugustConsumer confidence in Canada tumbled in August as coronavirus cases were on the rise, according to a report released Wednesday by the Conference Board of Canada. The report said the Index of Consumer Confidence declined by 4.1 points to 78.4, reversing three consecutive months of increase. “This month’s decline pushed the index to 42.2 points…

Alberta launches new agency to attract foreign investment

Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the importance of attracting foreign investment to the province.

Business Insider with Mario Toneguzzi: Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the importance of attracting foreign investment to the province. Be our Next Guest on Business Insider: Click on the icon below to book a call: Click on the icon below to Subscribe to our YouTube Channel

Alberta continues to face economic challenges

Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the current state of the economy in the province

On today's episode of Business Insider with Mario Toneguzzi, Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the current state of the economy in the province. Be our Next Guest on Business Insider: Click on the icon below to book a call: Click on the icon below to Subscribe to our…

Business investment a key to Canadian economic recovery

Alberta had above-average annual growth in investment from 1990 to 2014 but since 2014 investment has stagnated

Business investment a key to Canadian economic recoveryIncreasing business investment will be key to help Canada recover from the COVID recession, but provincial performance over the past 30 years shows mixed results, according to a new study released Tuesday by independent public policy think-tank the Fraser Institute. “Business investment is crucial for improving productivity and increasing living standards, so it’s important to…

Alberta recession to be worst in Canada this year

Alberta’s economy to contract by 7.0 per cent this year, the biggest decline in the country, while Canada’s economy will fall by 6.0 per cent

Alberta recession to be worst in Canada this yearFollowing the steepest, deepest, and fastest recession in history, there are clear signs that the Canadian and global economies have begun the initial stages of recovery, according to the newly-released BMO Blue Book: Small Businesses in the Recovery. But Canada and Alberta will still face stiff recessions this year. The BMO Blue Book, published by…

State of the Canadian retail sector

Craig Patterson, Editor-In-Chief and Founder of the Retail Insider online publication, talks about the current state of the retail sector in Canada

On today's It's Your Business with Mario Toneguzzi, Craig Patterson, Editor-In-Chief and Founder of the Retail Insider online publication, talks about the current state of the retail sector in Canada. Please subscribe to our YouTube channel to receive all our latest videos.

Canadian retail sales rebound in May

In Alberta, sales rose by 15.8 per cent in May to $5.7 billion but they were still down 15.9 per cent from a year ago

Canadian retail sales rebound in MayRetail sales in Canada were up 18.7 per cent in May to $41.8 billion but they remained 20 per cent below February levels, according to a new report released Tuesday by Statistics Canada. “Following COVID-19-related store closures in April, a number of provinces moved ahead with plans to re-open their respective economies, which impacted the…
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