GDP

Canadians’ living standards certainly increased by more than what the doom-and-gloom political talk would suggest.

Quebec's finance minister says the budget he is expected to present later today will be "restrained" amid what he describes as a provincial economy in stagnation.

The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

The effects of climate change bit a $20-billion sized hole out of Canada's economy last year, parliamentary budget officer Yves Giroux said Tuesday.

The parliamentary budget officer says Canada's current fiscal policy is sustainable over the long term.

The parliamentary budget officer says the federal government would need to spend an additional $75.3 billion on defence over the next five years for Canada to reach NATO’s target of two per cent of GDP.

A new analysis of government finances across the country says revenues were much stronger than expected in the last year due to higher inflation and economic growth.

The cash will come through existing dollars baked into the government’s fiscal framework.  

He says there has been a sharp turnaround from the early days of the pandemic when unemployment hit 25 per cent and for close to 10 weeks the province was unable to sell an Alberta government bond.

The Canadian Institute for Climate Choices is warning in its publication Sink or Swim, that if these industries and federal and provincial governments don't acknowledge that change is coming and prepare for it, there could be devastating consequences.

Far from being merely “expenditures,” the federal government's fiscal update presents investments in the recovery as a “down payment” for a greener and more inclusive future Canada, says Sen. Rosa Galvez.

The Americans and Europeans have sprinted ahead, and even the coal-choked Chinese economy is about to pass us by, says Barry Saxifrage.

For the first time since 2014, the Quebec government expects to run a budget deficit.

The pace of Canada's economic rebound from the COVID-19 pandemic slowed in July, and maybe even more in August, Statistics Canada says, suggesting the country is in what experts described as a long, choppy path to recovery.

A battle with China would be devastating for India, and potentially the whole world given that these are both nuclear-armed powers. But even if full-scale war is avoided, the conflict could have grim consequences for the rest of the planet.