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Craig Wong

Reporter with The Canadian Press
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10 Articles
Shipping containers, Fairview Cove Container Terminal, Halifax,

Canadian economy starts 2021 with double-digit growth after terrible year

The Canadian economy sprinted to the finish line of 2020 with nearly double-digit growth in the fourth quarter, ending its worst year on record on a strong note that has continued into the start of 2021.
Coronavirus in Canada
News, Politics | March 3rd 2021
Prime Minister Justin Trudeau, Rideau Cottage, news conference,

Bank of Canada cuts rates in response to COVID-19

Canada's central bank cut another half-point off its key interest rate in an emergency move that comes ahead of what the federal Liberals say will be a "significant" stimulus plan to cushion the economic blow from COVID-19.
Coronavirus in Canada
News, Politics | March 14th 2020
Toronto Star building,

Competition Bureau court docs shed light on allegations of Torstar-Postmedia conspiracy

Torstar Corp. and Postmedia Network Canada Corp. agreed to lists of employees who would be terminated as part of their deal last year to swap dozens of mostly community newspapers, Canada's competition watchdog alleges in court documents.
State of Journalism
News, Politics | March 25th 2018
Bill Morneau, Finance Canada, Finance Minister

Canada posts second consecutive trade surplus, first time since September 2014

Jennifer Lee, a senior economist with BMO Capital Markets, said the monthly trade figures have taken on greater significance as of late.
News | February 7th 2017

Bank of Canada raises concerns about economy, holds interest rate at 0.5%

The decline came due to the Alberta wildfires in May and a drop in exports that was larger and more broad-based than expected, the central Canadian bank said.
News, Energy | September 7th 2016

Trade deficit hits record level in April, raising economic concerns

The bigger than expected trade deficit came as exports of crude oil and bitumen grew despite the wildfires in Fort McMurray, Alta., that forced several oilsands operations to shut down production.
Race to a Safer World
News, Politics | July 6th 2016
Bill Morneau, CPP, finance ministers, Vancouver

CPP upgrades not needed by all; those in many public sector plans already secure

While the private sector has moved to shift the risk of pension plans to employees with a move to defined contribution plans, many in the public sector have managed to hold on to those plans.
News, Politics | June 28th 2016

Inflation rate was 1.5% in May amid low fuel prices: Statistics Canada

A rise in the Canadian dollar helped keep food prices in check.
Race to a Safer World
News | June 17th 2016

Owning a home increasingly a pipe dream for house-hunters in Toronto, Vancouver

News | June 9th 2016

Wildfires in Alberta will hurt economic growth, Bank of Canada says

Race to a Safer World
News | May 25th 2016

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