Canada economy - updates

Rappler's latest stories on Canada economy

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Canada unemployment drops in June 2020, nearly 1 million jobs created

Jul 11, 2020 - 8:30 AM

Canada's unemployment rate is down to 12.3% in June 2020, but this remains much higher than the 5.6% in February 2020

(FILES) In this file photo taken on November 4, 2018 General view of Downtown Montreal, Quebec, taken from the Mount Royal mountain overseeing the city. - The Canadian city of Montreal, one of the country's virus hotspots, will make wearing face masks in indoor public places mandatory in the coming weeks, Mayor Valerie Plante said on June 6. (Photo by Daniel SLIM / AFP)

Virus crisis sends Canada deficit soaring to all-time high

Jul 09, 2020 - 4:20 PM

The Canadian government's debt is seen to surge from $765 billion in March 2020 to $1.236 trillion by March 2021

DESERTED. A street in the town of Niagara Falls, Canada, is seen during the coronavirus pandemic on April 27, 2020. Photo by Emma McIntyre/Getty Images/AFP

Canada trade deficit shrinks as exports rebound

Jul 02, 2020 - 11:10 PM

Exports jump 6.7% to $34.6 billion, as 8 of Canada's 11 export sectors bounce back in May 2020

TRADE. A container terminal in Vancouver, Canada. Photo from Shutterstock

Canada consumer prices fall 0.4% in May 2020

Jun 17, 2020 - 9:35 PM

Gasoline prices rebound, but are still down almost 30% year-on-year in Canada

TORONTO, ONTARIO - APRIL 23: King Street West is seen during the coronavirus pandemic on April 23 2020 in Toronto, Canada. Entertainment districts across Canada have been hit hard by the COVID-19 pandemic. Emma McIntyre/Getty Images/AFP

Canada adds 290,000 jobs in May 2020 but unemployment rate still rises

Jun 06, 2020 - 7:50 AM

Canada's unemployment rate still goes up to a record 13.7% as more Canadians look for work

Customers line up outside of a mobile phone store May 19, 2020 in Ottawa, Canada. - Ontario, Canada's most populous province, is allowing stores with street access to reopen, along with hospital surgery rooms, dog parks and golf courses. (Photo by Dave Chan / AFP)

Pandemic shutdown of auto sector hits Canada trade hard

Jun 04, 2020 - 10:30 PM

Canada's total exports fall 29.7% in April 2020, while total imports are down 25.1% – described as 'unparalleled' declines

TRADE. A container terminal in Vancouver, Canada. Photo from Shutterstock

Canada's economy shrinks 8.2% in Q1 2020

May 30, 2020 - 6:30 AM

The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009

NO CUSTOMERS. The restaurant at the Constantin Gregoire sugar shack is seen empty in Saint-Esprit, Quebec, Canada, on March 31, 2020. Photo by Benedicte Brocard/AFP

Canada consumer prices fall 0.2% in April 2020

May 20, 2020 - 11:55 PM

Plunging energy prices as a result of the coronavirus pandemic is the main contributor to the decline in Canada's inflation rate for April 2020

DESERTED. A street in the town of Niagara Falls, Canada, is seen during the coronavirus pandemic on April 27, 2020. Photo by Emma McIntyre/Getty Images/AFP

Canada loses most jobs ever due to pandemic, unemployment hits 13%

May 08, 2020 - 11:25 PM

(UPDATED) The employment declines are observed in all Canadian provinces, but Quebec – which has the most coronavirus cases – leads all of them with 821,000 jobs lost

NIAGARA FALLS, - APRIL 27: A street in the town of Niagara Falls is seen during the coronavirus pandemic on April 27 2020 in Niagara Falls, Canada. Tourist attractions across Canada have been hit hard by the COVID-19 pandemic. Emma McIntyre/Getty Images/AFP

Canada's pandemic-hit farmers, food industries get emergency aid

May 06, 2020 - 8:45 AM

The Canadian government is giving Can$252 million (US$180 million) in emergency aid to farmers and food producers hit by the coronavirus pandemic

Canadian Prime Minister Justin Trudeau speaks during a news conference on COVID-19 situation in Canada from his residence March 17, 2020 in Ottawa, Canada. Canada is closing its borders to most foreigners -- excluding Americans -- in a bid to stem the coronavirus pandemic, Prime Minister Justin Trudeau announced on March 16, 2020. "All Canadians, as much as possible, should also stay home," he told a news conference outside his home, where he and his family are self-isolating after his wife Sophie tested positive for COVID-19.  Dave Chan / AFP

Canada trade deficit widens as oil, car exports fall

May 05, 2020 - 9:45 PM

Canada's exports fall 4.7% to Can$46.3 billion in March 2020, while imports decline 3.5% to Can$47.7 billion

TRADE. A container terminal in Vancouver, Canada. Photo from Shutterstock

Canada inflation slows 'the most since 2006'

Apr 22, 2020 - 11:50 PM

The slowdown in Canada's inflation rate for March 2020 is mainly due to an 11.6% drop in energy prices

SCHOOL'S OUT. A man in a mask sits on a bus on campus at Western University in London, Ontario on March 13, 2020. Photo by Geoff Robins/AFP

Bank of Canada holds rates after record economic plunge

Apr 16, 2020 - 8:30 AM

Preliminary data show Canada's gross domestic product plunged 9% in March 2020, dragging down 1st quarter growth to -2.6%

CANADA SLOWDOWN. Only a few vehicles line the streets of downtown Toronto, Ontario, on March 24, 2020. Photo by Geoff Robins/AFP

Canadian lawmakers approve vast pandemic economic aid program

Apr 12, 2020 - 4:05 PM

Canada's parliament approves a Can$73-billion (US$52-billion) program which aims to pay companies 75% of their employees' salaries to avoid massive layoffs

NEXT. An Ottawa Public Health officer (R) speaks with the next person in line at the COVID-19 testing center March 23, 2020 in Ottawa, Canada. Photo by Dave Chan/AFP

Canada jobless rate surges to 7.8% due to pandemic

Apr 09, 2020 - 11:50 PM

The 2.2-percentage-point increase in Canada's unemployment rate in March 2020 is the biggest monthly rise since 1976

BUSINESS HALTED. A pedestrian walks along an empty street and closed shops in the Byward Market in Ottawa, Canada, on March 23, 2020. Photo by Dave Chan/AFP

Canada pumps Can$200 billion into virus-stricken economy

Mar 28, 2020 - 10:30 AM

Canada's measures include a 75% wage subsidy for small and medium business employees, and a series of grants, tax deferrals, lines of credit, and low-interest loans to businesses

A pedestrian walks along empty street and closed shops in the Byward Market March 23, 2020 in Ottawa, Canada. (Photo by Dave Chan / AFP)

Canada lawmakers pass coronavirus aid package after all-night session

Mar 26, 2020 - 9:00 AM

Canada's measures include Can$52 billion ($37 billion) in direct support for families and businesses affected by the coronavirus pandemic

(FILES) In this file photo only a few vehicles line the streets of downtown Toronto, Ontario on March 24, 2020. - Billions in economic aid announced last week by Prime Minister Justin Trudeau to help Canadians deal with the coronavirus pandemic hit a snag on march 24, 2020 when opposition parties rejected giving his minority government unprecedented spending powers. Thirty-two members of Parliament, proportionally representing each party instead of the full 338, gathered in Ottawa for a vote on the emergency measures. (Photo by Geoff Robins / AFP)

Canada announces coronavirus aid package

Mar 19, 2020 - 7:00 AM

'This is a time where you should be focused on your health, not whether you're going to lose your job or not whether you're going to run out of money,' says Canadian Prime Minister Justin Trudeau

JUSTIN TRUDEAU. In this file photo taken on January 17, 2020 Canadian Prime Minister Justin Trudeau speaks at a news conference in Ottawa, Canada. Photo by Dave Chan/AFP

Canada spied on Brazil energy ministry – report

Oct 07, 2013 - 11:12 AM

UPDATED Canada spied on communications at Brazil s Mining and Energy Ministry according to Canadian intelligence documents revealed Sunday

BRAZIL OIL. Picture taken on August 21, 2008 of the Petrobras P-51 semi-submersible off-shore oil platform construction site at the Brasfelf shipyard in Angra dos Reis, 180 km south of Rio de Janeiro, Brazil. AFP/Edson Passarinho