The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, bringing the quarterly reading below estimates and an early look at July suggests a contraction. Statistics Canada released its latest reports on monthly and quarterly real gross domestic product on Wednesday morning, which showed […]
Economy
New manufacturing plant to create sustainable economic growth for Alberta First Nation
A new manufacturing plant owned by the Alexander First Nation, near Edmonton, aims to create skilled job opportunities and long-term employment. Alexander Valve and Supply, which makes valves for the oil and gas industry, had its opening on Friday, marking a new era of self-sustaining economic growth for the community. Edmonton businessman Ken […]
Bank of Canada sets record straight on ‘printing money’ claim
Breadcrumb Trail Links News FP Economy Central bank has been using social media to engage the public on the economy Author of the article: The Canadian Press Nojoud Al Mallees Publishing date: Aug 31, 2022 • 14 hours ago • 4 minute read • 179 Comments The Bank of Canada building […]
Provincial surplus projected at $100 million more than expected
The Higgs government is awash in cash, with a surging economy and a growing provincial population fuelling a projected $135.5 million budget surplus in the current fiscal year. That’s $100 million more than Finance Minister Ernie Steeves projected in his budget in March, thanks to revenues from personal income taxes […]
As China’s property crisis grows, is the global economy at risk? | Property
China’s property market is in the midst of a slow-moving crisis. Real estate prices have plummeted as authorities seek to rein in unsustainable debt and market speculation. Hundreds of thousands of homebuyers are refusing to pay their mortgages for pre-sold properties as developers struggle to complete housing projects on time. […]
B.C. ends 2021-22 fiscal year with $1.3 billion surplus
Breadcrumb Trail Links News Local News Finance Minister Selina Robinson said more tax revenue thanks to a booming post-pandemic economy, a one-time boost from the federal government for COVID and natural disasters, higher natural resource revenues and higher net earnings from Crown corporations such as ICBC and B.C. Lottery Corp […]