Tag #Canada Economy

Showing 1 to 12 of 16 results

theglobeandmail.com
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Air Canada Strike Ends, But Industry Competition Remains a Concern

Air Canada reached a tentative agreement with its 10,000 striking flight attendants, ending a strike that began August 16; the airline expects operations to fully resume within 10 days, but passenger disruptions could last longer, and the lack of competition in the Canadian airline industry is under...

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Canada's Housing Crisis: Unsold Condos and Stalled Construction".

Canada's housing market faces a paradox: high prices coexist with unsold condos in Toronto and stalled condo construction in Vancouver due to high costs, policy restrictions on foreign investment, and financing challenges, resulting in project delays and industry layoffs.

Progress

44% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
🌐 85% Global Worthiness
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Canadian Futures Fall Amid US Trade Deal Uncertainty

Concerns over the July 9 US tariff deadline and pending trade deals caused Canada's benchmark index futures to fall 0.3 percent on Friday, while thin trading volume is expected due to the US Independence Day holiday; however, robust US jobs data and the passage of a large spending bill offered some ...

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Tariffs Pose Risk to Canadian Financial Stability

The Bank of Canada warns of increased financial risks in Canada due to President Trump's unpredictable tariffs; a limited U.S.-Britain trade deal was announced, and Pope Leo XIV, the first American Pope, was elected.

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28% Bias Score

Reduced Inequality
kathimerini.gr
🌐 85% Global Worthiness
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Stellantis Plant Closure Highlights U.S. Tariffs' Impact on Auto Industry

Stellantis announced a two-week closure of its Windsor, Ontario plant, impacting 4,000 jobs, and potential production cuts in Mexico due to U.S. tariffs on imported vehicles; the company, along with Ford and GM, is lobbying for tariff removal.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Bank of Canada Responds to Trump's Tariff Threats

Facing President Trump's tariff threats, Bank of Canada Governor Tiff Macklem cut interest rates to 2.75 percent, warning of a potentially permanent decline in Canada's standard of living and urging government intervention alongside structural reforms.

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Toronto Real Estate Sees Record Underbidding in July 2024

A new report reveals that 76 percent of homes sold in the Greater Toronto Area (GTA) in July 2024 were underbid, with 97 percent of neighborhoods experiencing median sale prices below list prices, indicating a significant market shift and a possible prolonged downturn.

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40% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Toronto Real Estate Market Slowdown: Prices Fall, Inventory Rises

Toronto's real estate market is experiencing a significant slowdown in May 2024, with condo prices in central Toronto falling 8 percent and detached house prices in the GTA dropping 5.4 percent, amid increased inventory and buyer hesitancy due to economic uncertainty.

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52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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US Trade War Impacts Canadian Economy, Unemployment Rises

The US trade war has caused Canada's unemployment rate to surge to 6.9 percent in April, impacting various sectors; however, the Canadian dollar has strengthened slightly against the US dollar, and stock markets have shown recovery.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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US Drug Tariff Investigation Threatens Canadian Pharmaceutical Exports

The Trump administration is investigating pharmaceutical imports, potentially impacting \$7 billion in Canadian exports; the Bank of Canada held interest rates steady due to trade war uncertainty; and Canadian restaurants are booming as Canadians avoid U.S. travel.

Progress

44% Bias Score

No Poverty
theglobeandmail.com
🌐 85% Global Worthiness
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Canadian Parents Express Deep Concern Over Adult Children's Finances

A survey of 573 Canadian parents reveals that only 13.7% believe their adult children (Millennials and Gen Z) will be better off financially, with 27% fearing their children will be worse off due to high living costs, a challenging job market, and difficulty entering the housing market; many young a...

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36% Bias Score

No Poverty
theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Tariffs Threaten Canadian Economy

Amidst a backdrop of protests at sporting events in Canada over U.S. trade uncertainty, Donald Trump's potential new tariffs threaten a 1.3 percent GDP drop, 8 percent decline in exports, and 43,000 job losses in Canada, compounding existing economic pressures.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 16 results