Canada likely to remain in economic decline during 2021
The Bank of Canada says the first quarter of 2021 will witness a decline in GDP, and vulnerable service-industry workers are likely to be hit the hardest by the recent and ongoing lockdowns.
bitcoin
Economist and former Canada Prime Minister says Bitcoin could become a ‘world reserve currency’
Stephen Harper was Canada’s Prime Minister from 2006 to 2015. He earned a bachelor’s degree and a master’s degree in economics from the University of Calgary.
finance
NASDAQ demands SEC imposes minority board quotas in order to be listed on stock exchange
NASDAQ Inc, the stock exchange operator has filed a proposal with the Securities and Exchange Commission, the main financial regulating body in the United States, to impose diversity quotas on company boards if they want to be listed publicly.
chrystia freeland
BREAKING: Gloomy prospect for Canada as federal budget deficit nears the $400bn mark
Canada’s budget deficit is set to hit the historical figure of C$381.6 billion as the federal government’s spending continues. The Trudeau government is also considering another C$100bn stimulus package once the virus is curtailed.
2020 election
U.S. GDP soars with record 33.1% rebound in third quarter, setting US economy on track to recovery
The US gross domestic product, the main indicator of economic activity, grew at an annualized 31% rate, a new record indicating the US is on track to economic recovery.
covid19
Lack of rapid testing infrastructure has cost Canadians 406,000 jobs and $23 billion in lost revenue
The harsh travel restrictions put in place by the Canadian government to curb the spread of COVID-19 have cost Canadians 406,000 jobs and $23 billion in lost revenue for the tourism industry.
justin trudeau
Bank of Canada becomes world champion in money printing as its assets grow by 456%YoY
The COVID-19 crisis has forced governments around the world to push monetary stimulus through interest rate cuts and open market operations. It appears that Canada has taken this to a whole new level.
covid19
Poll shows Canadians are not optimistic on the economy, and ‘Green Recovery’ will only make things worst
A new Pew Research poll shows that Canadians are highly pessimistic about the economic outlook of the country, and Justin Trudeau’s plan of a ‘Green Recovery’ will not bring enthusiasm anytime soon.