Lockheed Martin promises $16.9B injection to Canadian economy with F-35s

Lockheed Martin promises $16.9B injection to Canadian economy with F-35s

One of the companies vying to build the air force’s next generation of warplanes promises it can inject as much as $ 16.9 billion into the Canadian economy, even though its pitch to the Liberal government falls somewhat outside traditional boundaries. Lockheed Martin Canada is offering the F-35, which has a controversial political history in […]

Saskatchewan’s plan to reopen the economy could come next week, Moe says

Saskatchewan’s plan to reopen the economy could come next week, Moe says

REGINA—Saskatchewan Premier Scott Moe says the government may soon release a plan on reopening the economy if COVID-19 case numbers remain low. The Ministry of Health announced two new cases on Monday, bringing the total in the province to 300. Moe said residents can’t become complacent, but the current infection rate seems to be flat […]

2008 financial crisis points to no quick fix for struggling economy

2008 financial crisis points to no quick fix for struggling economy

Pinning hopes for a fast and lasting bounce in markets on massive stimulus from the government? While no two episodes are the same, that’s not what happened during the financial crisis. Expectations were high in October 2008, with Federal Reserve interest rates hurtling toward zero and Congress passing a $ 700 billion (U.S.) bailout package […]

Canada outlines measures to support the economy and the financial sector

Canada outlines measures to support the economy and the financial sector

March 13, 2020 – Ottawa, Ontario – Department of Finance Canada The health and welfare of all Canadians is a priority for the Government of Canada. The Prime Minister, Justin Trudeau, has outlined Canada’s whole-of-government response to COVID-19 across the country, including new investments to respond in Canada and around the world. Today, Minister of Finance […]

Trump vows ‘major’ steps to aid U.S. economy amid coronavirus rise

Trump vows ‘major’ steps to aid U.S. economy amid coronavirus rise

WASHINGTON — U.S. President Donald Trump on Monday said he will be taking “major” steps to gird the economy against the impact of a spreading coronavirus outbreak and will discuss a payroll tax cut with congressional Republicans on Tuesday. “We’ll be discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s […]

Bombardier should look to sell either train or jet unit to deal with debt: Quebec economy minister

Bombardier should look to sell either train or jet unit to deal with debt: Quebec economy minister

Bombardier will likely have to off-load one of its money-making divisions in order to ease its hefty debt load, Quebec’s economy minister said Tuesday. Pierre Fitzgibbon was responding to a Wall Street Journal report that said the storied transportation company, headquartered in Montreal, is in talks with U.S.-based Textron Inc., about selling its business-jet unit. Bombardier is […]

Canadian economy resilient despite global uncertainty

Canadian economy resilient despite global uncertainty

Different paths for different economies Canada and the United States both drastically cut interest rates during the global financial crisis to stimulate their economies. After the initial shock, we took different approaches to getting our economies back on track. This is because the impact of the crisis and its aftermath was different in each country. […]

Canadian economy resilient even as global outlook worsens

Canadian economy resilient even as global outlook worsens

The relationship remains strong in Canada Lately, there has been talk about whether the relationship between growth and inflation still exists. That’s because inflation rates in the United States and other advanced economies have been lower in recent years than you might expect given relatively strong growth. Here in Canada though, the story looks quite […]

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