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International

Julie Gordon

Bank of Canada sees economy strengthening as inoculations pick up

Feb 23 2021

OTTAWA Canada's economy will see a solid and sustained rebound this year as inoculations ramp up, Bank of Canada governor Tiff Macklem said on Tuesday, while warning that Canada's red-hot housing market is starting to show signs of "excess exuberance."

Bank of Canada scales back provincial bond-buying program

Feb 23 2021

OTTAWA The Bank of Canada scaled back the frequency of its provincial bond-buying program on Tuesday, saying that provincial credit markets are functioning well and no longer need as much support.

Bank of Canada scales back provincial bond-buying program

Feb 23 2021

OTTAWA, Feb 23 The Bank of Canada scaled back the frequency of its provincial bond-buying program on Tuesday, saying that provincial credit markets are functioning well and no longer need as much support.

Canada's inflation accelerates in January, could test 3% in spring

Feb 17 2021

OTTAWA Canada's annual inflation rate accelerated more than expected in January, data from Statistics Canada showed on Wednesday, and could continue to rise in coming months compared with the low levels reached a year ago during the first COVID-19 lockdowns.

IMF says Canada must justify post-pandemic stimulus spending, needs clearer fiscal anchor

Feb 16 2021

OTTAWA Canada must justify its planned C$100 billion ($78.86 billion)post-pandemic stimulus plan before committing to significant new spending and should commit to a clear fiscal anchor, the International Monetary Fund said on Tuesday.

Dependent on foreign students, Canada universities risk revenues as vaccines lag

Feb 15 2021

OTTAWA Canadian universities are facing a financial crunch amid the COVID-19 crisis, as a drop in foreign enrollment and shuttered campuses dent the bottom line and the country's slow vaccine rollout weighs on the next school year.

UPDATE 2-Bank of Canada accelerates work on digital currency amid pandemic

Feb 10 2021

OTTAWA, Feb 10 The COVID-19 pandemic has added urgency to the Bank of Canada's development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a "foregone conclusion."

UPDATE 2-Canada posts blowout job loss in January as shutdowns bite

Feb 05 2021

OTTAWA, Feb 5 Canada lost far more jobs than expected in January, with the declines driven by coronavirus lockdowns in populous Ontario and Quebec, while the unemployment rate rose sharply, Statistics Canada data showed on Friday.

On the brink: Canada care workers struggle to make ends meet in pandemic

Feb 03 2021

OTTAWA/TORONTO For 15 years, Halima has supported herself and her three children by working long hours taking care of elderly clients in retirement homes or in their personal residences in Toronto.

UPDATE 2-Canada economy better than expected in November, but impact of COVID-19 surge looms

Jan 29 2021

OTTAWA, Jan 29 Canada's economic growth outpaced expectations in November, posting a seventh consecutive monthly gain, while a surge in COVID-19 and fresh lockdowns likely slowed growth in December, data from Statistics Canada showed on Friday.

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