Economy

Accelerating productivity-enhancing infrastructure projects could provide much-needed stimulus and help Canada’s economy recover from the COVID-19 crisis, according to a C.D. Howe Institute Crisis Working Group.The Institute’s…

Each day, SoHo hotel general manager David Kelley hears the sound of his footsteps echoing off the marble floors and panelled walls as he walks across the lobby, a space as empty as the 89 rooms above him.''It is very quiet. We keep it…

TORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout.Premier Doug Ford says the moratorium applies to small…

The Retail Council of Canada (RCC) has stated that it “applauds the governments of Alberta and Saskatchewan for listening and responding to the needs of small and medium sized retail businesses with today's announcements of moratoriums on…

The CMHC has reported that in order to protect future home buyers and reduce risk, it is changing its underwriting policies for insured mortgages. According to the CMHC, “the COVID-19 pandemic is affecting all sectors of Canada's economy,…

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound.The bank left its target for the overnight…

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and new listings fell by more than half in April 2020 compared to March.According to the CREA:Canadian home sales and listings post record…

MONTREAL – Even as much of Canada took steps Thursday toward resuming normal life, with the promise of reopened national parks and provincial economies, Quebec moved in the other direction by shelving plans to have students return to class…

MONTREAL – Quebec's economic recovery plan unveiled Tuesday aims to reopen the province's retail, construction and manufacturing sectors by mid-May, allowing roughly 500,000 people who had been temporarily laid off during the pandemic to…