economy

MNP senior economist Susan Mowbray presents the State of the Island Economic Report on Thursday night to conclude the Vancouver Island Economic Alliance’s virtual summit. (VIEA image)

Not-so-rosy State of the Island report caps off virtual summit

Vancouver Island Economic Alliance’s summit took place online Oct. 27-29

 

A traffic light on Bay Street in Canada’s financial district is shown in Toronto on Wednesday, March 18, 2020. A new report says a culture of inequality continues to persist in Canada’s capital markets and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+. THE CANADIAN PRESS/Nathan Denette

Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

Study revealed that Black women were the least likely to say they were treated equally by firm and manager

 

FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions over the next year, but many hiring plans remain muted over COVID-19-related uncertainty. THE CANADIAN PRESS/Adrian Wyld

Companies have modest hiring plans, low wage growth expectations, Bank of Canada says

The survey also finds that wage growth is widely expected to slow over the next year

 

Nickey Miller, left, and Josie Rudderham, co-owners of Cake and Loaf in Hamilton, Ont., pose outside of their Dundurn Street South storefront location, Monday, October 5, 2020. THE CANADIAN PRESS/Tara Walton

For small businesses that survive COVID, recovery is expected to be difficult

CFIB wants the government to help small business owners recover by suspending evictions

Nickey Miller, left, and Josie Rudderham, co-owners of Cake and Loaf in Hamilton, Ont., pose outside of their Dundurn Street South storefront location, Monday, October 5, 2020. THE CANADIAN PRESS/Tara Walton
The study conducted for BC Council of Forest Industries found that more than 340 communities and 120 Indigenous Nations and organizations of all sizes benefited economically from the forest industry supply chain . (Black Press file photo)

B.C. forest industry bought $7 billion worth goods and services from local suppliers: study

On Vancouver Island, $1.2 billion worth of goods and services were purchased from 1,600 suppliers, most from Nanaimo and Campbell River

The study conducted for BC Council of Forest Industries found that more than 340 communities and 120 Indigenous Nations and organizations of all sizes benefited economically from the forest industry supply chain . (Black Press file photo)

Rich get richer, poor poorer: Report says pandemic intensified economic disparities

Many households reported being just hundreds of dollars away from bankruptcy

Indebted Canadian businesses more ‘fragile’ than during 1st wave, BDC economist warns

The study said 87 per cent of entrepreneurs are confident they will make it through the crisis

Hiring marginalized workers could jump-start economy, boost incomes by $5K: Deloitte

The report, which looks to predict Canada’s economy in 2030, suggests that the country will need more workers

B.C.’s COVID-19 economic recovery plan: Top 5 things you need to know

Jobs training, tax incentives for employers to hire staff and more

B.C. releases details of $1.5B economic recovery plan, $660M in business tax incentives

Economic plan includes support for employers, as well as training for workers

Bank of Canada keeps key interest rate target on hold but warns of ‘slow, choppy’ recovery

The bank says its key rate will stay at near-zero until economic slack is absorbed

Canada’s economic optimism crippled by pandemic, Pew poll suggests

The Pew report documents an unsurprisingly dismal outlook for the world’s economic prospects

Statistics Canada says merchandise trade deficit $2.45 billion in July

Motor vehicles and parts helped boost both imports and exports in July

Trudeau considered best to manage pandemic, revive economy, poll suggests

Poll suggests O’Toole is an unknown quantity for a majority of Canadians at this point

B.C. could shine amid Canada’s slow economic recovery: Conference Board

Restoring travel levels will be key for other provinces as well

Inflation rate falls to 0.1 per cent as price growth slows, StatCan reports

Statistics Canada says air travel prices fell in July by 8.6 per cent

Statistics Canada says annual inflation rose 0.7% in June as pandemic restrictions eased

Uptick follows two months of negative inflation due to pandemic

Coastal B.C. community’s real estate predicament might be turning it into a ghost town

In Kyuquot, off treaty land, more outsiders have ‘holiday-home’ properties than locals who can’t secure financing to buy homes

Bank of Canada survey says business hiring plans remain muted due to pandemic

About one-third say they have used a federal wage subsidy to reduce or avoid layoffs

One-third of Indigenous workers in jobs facing automation threat, report says

Those at-risk industries account for approximately $2.43 billion of Indigenous wage revenue