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News
Carmichael: Canada’s culture of risk aversion has created an economic doom loop
1+ hour, 13+ min ago (470+ words) Established companies don’t want to invest, and talented people don’t want to create new ones I grew up on a farm in rural New Brunswick. I’m writing this instead of protecting potato fields from blight because I was conditioned at…...
United Arab Emirates to invest in Canadian energy sector ‘very soon’
4+ day, 17+ hour ago (245+ words) The Logic Canada's Business and Tech Newsroom UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi said Friday there has been “very positive progress and negotiation and discussion” about the Gulf country’s sovereign wealth funds investing in Canadian projects....
Canada needs an investment ‘hub’ as Carney steps up push for foreign money, says federal agency
1+ week, 2+ day ago (770+ words) The prime minister wants $500 billion in private investments but the government keeps tripping over itself, warns an internal plan obtained by The Logic OTTAWA — The federal agency in charge of drawing direct investment from abroad is proposing a “high-impact deals…...
Bank of Canada leaves key rate unchanged, citing ‘risks and uncertainties’ amid overall economic improvement
2+ week, 2+ day ago (659+ words) The economy appears to be coming through the current stretch of worldwide upheaval, says governor Tiff Macklem The Canadian economy is lurching and sputtering but it’ll be OK if it’s left alone, the Bank of Canada said in explaining its…...
Canadian GDP jumped in April, dispelling recession worries
1+ mon, 20+ hour ago (227+ words) The Logic Canada's Business and Tech Newsroom Gross domestic product rose 0.5 per cent from March, and Statistics Canada said early data suggest the economy grew 0.1 per cent in May, amid strength in oil and gas, finance and government spending. (The…...
BoC consultation reveals distrust of inflation figures
1+ mon, 5+ day ago (244+ words) The Logic Canada's Business and Tech Newsroom Focus groups in 11 Canadian cities revealed that “many” believe that the consumer price index—the gauge the Bank of Canada uses to set interest rates—understates the cost of goods and services. (The…...
Small firms are struggling to break into defence, new BDC report finds
1+ mon, 1+ week ago (303+ words) Companies interested in the defence sector face financing challenges, labour shortages and regulatory hurdles, even as Ottawa prepares to ramp up military spending Canada’s planned increase in defence spending is creating opportunities for small and medium-sized businesses, but many firms…...
$3.2B food security strategy aims to cut grocery bills and grow more on Canadian soil
1+ mon, 2+ week ago (239+ words) The Logic Canada's Business and Tech Newsroom The Liberal government’s 10-year plan to improve food affordability and security commits $1 billion to make it easier for independent grocers and local farmers to compete with major chains on price and distribution, including…...
Bank of Canada leaves its key interest rate unchanged amid economic ‘dilemma’
1+ mon, 2+ week ago (915+ words) The post Bank of Canada leaves its key interest rate unchanged amid economic ‘dilemma’ appeared first on The Logic. Canada's Business and Tech Newsroom The Bank of Canada left the benchmark interest rate unchanged at 2.25 per cent. Governor Tiff Macklem…...
Canadian labour productivity is falling again
1+ mon, 3+ week ago (234+ words) The Logic Canada's Business and Tech Newsroom Output per hour worked dropped 0.5 per cent in the first quarter, after slumping 0.3 per cent in the previous quarter, Statistics Canada reported. Companies produced less output even though their employees logged more hours....