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News Categories: Economics

Economics / Human Interest /  • May 7, 2019
Planning far, far ahead for retirement

Canadians who are worried that they will outlive their retirement savings now have something to fall back on. The federal budget, released March 19, introduced a solution to retirees who fear possibly outliving their money. It is cal...

Economics /  • May 5, 2019
Generational trends in credit card use

TransUnion Canada released its Q4 2018 report into credit card use this past February. Key findings include: Millennials, who are set to surpass Baby Boomers in the credit market, now comprise more than 26 percent of credit...

Economics /  • March 13, 2019
Skilled Canadian workers wanted

Last November, Canada’s Labour Force Survey reported an enviable number. The unemployment rate stood at 5.6 percent, the lowest since 1976 when Statistics Canada began collecting comparable data. Good news, right? For many Canadian...

Economics / Human Interest /  • November 2, 2018
Money laundering needs to be hung out to dry

When it comes to anti-money laundering and anti-terrorist financing measures, Canada is behind the eight ball, according to the report, Hidden Beneficial Ownership and Control: Canada as a Pawn in the Global Game of Money Laundering, releas...

Economics /  • November 1, 2018
Warnings of a looming financial crisis

Former British prime minister Gordon Brown, leader of the United Kingdom during the Lehman Brothers collapse in late 2008 to early 2009, told The Guardian this past September that the world is “sleepwalking into a financial crisis.” ...

Business / Economics /  • November 1, 2018
Higher mortgage rates predicted due to trade agreement

After 14 months of intense negotiations, Canada, Mexico and the United States inked a new trade deal this past September just hours before deadline. The United States-Mexico-Canada Agreement (USMCA), which replaces the North American Fre...

Economics / Human Interest /  • July 20, 2018
West Coast rental woes spark collaboration

This past May, Sunshine Coast Credit Union (16,800 members, $650 million in assets) on coastal British Columbia announced a partnership to launch a new service to ensure that people in dire but temporary financial circumstances can keep a r...

Economics /  • March 28, 2018
IMF predicts economic growth for Canada

The International Monetary Fund (IMF) World Economic Outlook report, released last January, predicted that recent tax cuts in the United States will provide a temporary boost to the American economy. This, in turn, will help stimulate the ...

Economics / Human Interest /  • January 30, 2018
Bitcoin a bit too dodgy for some

Bitcoin, the enigmatic virtual currency, which doesn’t require a financial institution as a middleman, may have a dark side. Ontario Teachers’ Pension Plan chief investment officer Bjarne Graven Larsen told Bell Media’s Business News Net...

Economics / Human Interest /  • November 23, 2017
Canadians resting on their home laurels to fund retirement

The Ontario Securities Commission (OSC) reported this past September that too many Canadians are relying upon rising housing prices to fund their retirement, reports the Huffington Post. The OSC carried out a survey that found that 3...

Banking / Economics /  • September 21, 2017
Interest rate hike affects variable rate mortgages

The Bank of Canada raised its key interest rate to 0.75 percent, up one-quarter of a percentage point from 0.50 percent — the first increase in seven years — initially affecting variable-rate mortgages and lines of credit. In re...

Community Development / Economics /  • May 19, 2016
Italy’s social co-ops support asylum seekers
Italian social cooperatives support asylum seekers entering Europe

In early March, Federsolidarietà, Italy’s largest federation of social cooperatives, launched a national charter in support of asylum seekers entering Europe from high conflict regions such as Africa and the Middle East. Rather than close the Sche...

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