Author: admin
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Bank of Canada’s new $20 bill features new security features and Canadian, Indigenous motifs
The Bank of Canada unveiled its new vertical $20 bill on Thursday, featuring security measures and a design that highlights Canadian sovereignty and Indigenous cultures . This is the second note in the central bank’s vertical series and incorporates security technologies that have never been used before on a Canadian banknote. Central bank employees have…
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Even in a tough economy it pays to change jobs, according to new data about Canadian wages
Canadian wages for job changers are growing at a faster rate than that of job stayers, according to new research from ADP Research, the research arm of human resources and payroll management company Automatic Data Processing Inc. Median base pay for Canadian job stayers, who have remained at their current employer for the past 12…
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U.S. abandonment of CUSMA would be severe but survivable for Canada, report finds
A U.S. withdrawal from the Canada-United-States-Mexico trade agreement (CUSMA) would have a “severe but not cataclysmic impact on Canada’s overall economy, although perhaps cataclysmic for some sectors,” according to a new report released this week by Deloitte Canada. The report is titled “Tariffs: A rough road leads to new destinations,” and imagines two broad scenarios…
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Carney rejects U.S. claim that Canadian politics ended trade talks
OTTAWA – Prime Minister Mark Carney rebuffed U.S. Commerce Secretary Howard Lutnick’s recent comments that Canada pulled out of trade talks with the U.S. due to political reasons. “I don’t think, with all respect, appointed, unelected cabinet members in the United States are experts on Canadian politics,” said Carney, during an announcement in Thunder Bay,…
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Ford’s $25K Lake Ontario sign a costly way to send Trump a message: Taxpayers Federation
Ontario Premier Doug Ford spent $25,000 on a new Lake Ontario sign. And while there are many reasons to be angry with the Trump administration, “there are a lot cheaper ways to send a message to the president,” Noah Jarvis, Ontario director at the Canadian Taxpayers Federation (CTF), told National Post. “The president himself does…
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Canada’s trade surplus drops to $769 million on lower gold exports
Canada’s trade surplus sharply narrowed to $769 million in July from $4.2 billion in June, driven by a decrease in gold exports to the U.S. Total exports decreased 2.3 per cent in July, the first decline in six months, according to Statistics Canada on Thursday. Exports of metallic and non-metallic mineral products were one of…
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Carney lines up Fink, Gray to speak at Canada investment summit
BlackRock Inc. chief executive Larry Fink and Blackstone Inc. president Jon Gray are set to offer their views on Canada as an investment destination at a conference organized by Mark Carney ’s government, according to a draft agenda of the event. Fink and Gray will join Dutch pension head Annette Mosman and Dilhan Pillay, chief…
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Posthaste: Markets predict three Bank of Canada rates hikes are coming and some economists agree
Investors have increased their bets the Bank of Canada will hike interest rates in December and beyond, with rates peaking at three per cent, after the central bank on Wednesday announced a seventh consecutive hold at 2.25 per cent. Bets for a December hike of 25 basis points rose to nearly 90 per cent on…
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This deal has cut violence against women on factory floors, but some clothing brands still won’t sign on
At 12 years old, Deepa started working at a garment factory making clothes for less than one Canadian dollar a week. For most of her working life, the now 32-year-old southern Indian labourer says she has endured daily abuse from bosses, occasional beatings and little recourse. That fate changed three years ago. The key reason…
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Canadians are happier than they’ve been in years, poll finds
By self-reporting their happiness at greater than seven out of 10 on average, a significant increase over last year, Canadians are at their cheeriest and most optimistic place in several years, according to a new poll . It is a tricky thing to measure, but these findings are the latest in the novel science of…