Source: Mike Blanchfield, The Canadian Press Staff, ctvnews.ca, February 10, 2021 Prime Minister Justin Trudeau has said that Canada remains committed to helping poor countries cope with COVID-19. As the Trudeau government is forced to explain delays rolling out COVID-19 vaccines, some of the world’s economic and health leaders are warning of catastrophic financial consequences… Continue reading If Poor Countries Shorted on Vaccines World Economy Will Lose Trillions
Tag: economy
Moe Defends Oil Well Cleanup Program
Source: David Shield, cbc.ca, September 25, 2020 Moe defended the Oil Well Cleanup program when challenged by former Liberal MP Ralph Goodale who said the province has only allocated 10 per cent of the money in the fund. Premier Scott Moe says Saskatchewan has a plan to distribute $400 million to oilfield companies to clean… Continue reading Moe Defends Oil Well Cleanup Program
Oil and Gas Service Sector to Receive $34 Million in Support
The Government of Saskatchewan recently provided an update on the Accelerated Site Closure Program (ASCP). Since the program launched in May, and the first approved projects announced in July, $34 million worth of work packages have been approved. “Saskatchewan-based service companies were among the hardest-hit sectors by COVID-19 and the OPEC+ price war, and it… Continue reading Oil and Gas Service Sector to Receive $34 Million in Support
StatCan Reports Oilpatch Capital Spending Fell by 54 per cent in Second Quarter
Source: The Canadian Press Staff, ctvnews.ca, August 28, 2020 Oil prices fell due to a global price war and the COVID-19 pandemic CALGARY — Statistics Canada says capital spending in the country’s oil and gas sector fell by 54 per cent in the quarter ended June 30 as numerous producers chopped budgets amid sliding global… Continue reading StatCan Reports Oilpatch Capital Spending Fell by 54 per cent in Second Quarter
Finance Minister Says Economy Won’t Return to Pre-Coronavirus Levels Until 2022
Source: Mickey Djuric, globalnews.ca, August 28, 2020 At the first quarter, revenue is forecasted to be $14.05 billion, an increase of 2.9 per cent over what the 2020-21 budget forecasted. Following the economic turmoil from the coronavirus pandemic, the government of Saskatchewan says the province’s budget will return to a surplus in 2024-25. On Thursday,… Continue reading Finance Minister Says Economy Won’t Return to Pre-Coronavirus Levels Until 2022
Canadian economy shed 71K jobs in November — biggest loss since the financial crisis
Source: The Canadian Press, December 6, 2019 The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November. Statistics Canada says the economy lost 71,200 jobs last month and the unemployment rate rose to 5.9 per compared with 5.5 per cent in October. Economists… Continue reading Canadian economy shed 71K jobs in November — biggest loss since the financial crisis
Canadian economy ekes out modest 0.1% gain in August
Source: The Canadian Press, October 31, 2019 Statistics Canada says real gross domestic product grew 0.1 per cent in August, following no change in July. Economists on average had expected growth of 0.2 per cent for the month, according to financial markets data firm Refinitiv. Statistics Canada says 14 out of 20 industrial sectors posted… Continue reading Canadian economy ekes out modest 0.1% gain in August
Canada’s economic growth flat in July amid oil and gas shutdowns
Source: Global News, October 1, 2019 Statistics Canada says the country’s real gross domestic product was essentially unchanged in July as weakness in oil and gas extraction offset gains in service industries. Economists had expected growth of 0.1 per cent, according to financial markets data firm Refinitiv. The flat reading for the month came as… Continue reading Canada’s economic growth flat in July amid oil and gas shutdowns
Canada’s inflation slows to 1.9% in August as gas prices drop
Source: Andy Blatchford, The Canadian Press, September 18, 2019 Canada’s annual inflation rate slowed slightly to 1.9 per cent in August under the weight of declining gasoline prices. Inflation was firm enough to stick close to the Bank of Canada’s ideal two per cent target — and August was the sixth straight month that price growth… Continue reading Canada’s inflation slows to 1.9% in August as gas prices drop
Canada’s inflation holds at 2% in July for second straight month
Source: The Canadian Press, August 21, 2019 The Canadian annual inflation rate came in at two per cent in July to hit the Bank of Canada’s ideal target for a second straight month. Statistics Canada says consumers paid less last month for gasoline, internet services and traveller accommodation compared with a year earlier. However, the latest… Continue reading Canada’s inflation holds at 2% in July for second straight month