News by subject: ECONOMIC NEWS/TRENDS/ANALYSIS

With the holiday shopping season fully underway, Canadians are hitting the sales and grabbing gifts, and many employers have increased the number of seasonal employees they plan to hire. According to new survey results and on-the-ground reports from...

FLYHT Aerospace Solutions Ltd.  (the "Company" or "FLYHT") has been selected as the recipient of a $2.76 million interest-free WINN repayable contribution by Western Economic Diversification Canada. In early 2018, FLYHT applied for WINN funding to...

Canada House Wellness Group Inc. ("Canada House" or the "Company") is pleased to announce a number of updates on its production and sales of medical cannabis and quality-genetics seeds. Abba Medix has completed the harvest of four batches of...

Almost half of Canadians (46 per cent) graded themselves with a C or below on their financial literacy according to a recent survey* by Equifax Canada.  Survey results also revealed there is a lot of confusion on what goes into a credit report and...

At a meeting on Monday, November 26, Maple Leaf Foods announced plans to consolidate its Ontario plants by 2022. This consolidation will result in the closure of the plant in Toronto where approximately 600 employees are represented by Local 1006A...

Today, the British Columbia Utilities Commission (BCUC) issues a report outlining its findings and recommendations from Phase 1 of the inquiry into electric vehicle (EV) charging services in the province. After reviewing the evidence and submissions...

A recent survey by Course Compare, Canada's marketplace for education, suggests nearly one-tenth of professional developers in Canada have studied at a coding bootcamp. The survey findings, which are based on 500 developers' salaries and educational...

Drivers in British Columbia pay higher auto insurance rates in part because ICBC doesn't fully account for age when setting rates and it uses driver premiums to pay for non-insurance related costs, finds a new study released today by the Fraser...

As the nationwide labor shortage intensifies and building material costs continue to inflate, Think Wood recognizes the need for building owners and developers to maintain the viability of projects. Prefabricated wood buildings?which are no longer...

Third quarter 2018 revenue was $351 million, a decrease of 1% from the $353 million reported in the second quarter1 of 2018 and 11% lower than the $395 million reported in the third quarter of 2017.Adjusted EBITDA2 in the third quarter of 2018 was...

On Wednesday, Oct. 24, the Fraser Institute will release a new study on the wage gap between government- and private-sector workers in Ontario. Comparing Government and Private-Sector Compensation in Ontario spotlights differences in wages for...

Mutual investment, business, and job-growth opportunities shared by Bermuda and Florida were the focus of talks held in Miami today by Premier David Burt and members of city and statewide chambers of commerce. The meetings with leaders of the...

Canada's anemic growth rate of capital investment?which has slowed to a 40-year low?has lagged behind growth rates in the United States and other developed countries in recent years, finds a new study released today by the Fraser Institute, an...

Wesdome Gold Mines Ltd. ("Wesdome" or the "Company") today announces its gold production results for the third quarter of 2018 ("Q3"). Mr. Duncan Middlemiss, President and CEO commented, "Production in Q3 benefitted from initial mining of the wide,...

Netcoins Holdings Inc. ("NETC" or the "Company") is pleased to announce that it has completed over CAD $21 million in transactional revenue during fiscal 2018 Q3. This represents a 400%+ gain over 2018 Q2 revenues. Netcoins also set a monthly...

If the Ontario government cancelled existing contracts with renewable energy generators such as wind and solar power, it could reduce electricity bills for Ontarians by 24 per cent, finds a new study released today by the Fraser Institute, an...

Amid new polling results showing continued strong public opposition to municipal land transfer taxes, the Toronto Real Estate Board (TREB) has released a policy paper calling for reform of the Toronto Land Transfer Tax and for no new municipal land...

Fears surrounding economic, social, and political disruption loom large in the minds of policy-makers throughout the West. In response, many governments ? including governments in Canada ? have renewed their focus on income redistribution, hoping...

This year is shaping up to be the toughest year for foodservice operators since 2011, according to Restaurants Canada, the largest association representing foodservice and hospitality businesses across the country.While overall foodservice sales were...

Toronto Real Estate Board President Garry Bhaura announced that TREB Commercial Network Members reported over 275,000 square feet of leased space, in transactions undertaken on a per square foot net basis with pricing disclosed, across the...

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August.  Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 ? an 8.5 per cent increase...

As one of Canada's leading unions, we certainly welcome the federal government's declaration to reduce poverty. But, after reading the fine print, we are surprised and disappointed to find that the National Strategy on Poverty Reduction is missing a...

On Tuesday, Aug. 21, the Fraser Institute will release a new study on Ontario government finances. Restoring Ontario's Public Finances outlines several ways Ontario's new government can balance the provincial budget?a promise made during the...

The average Canadian family spent 43 per cent of its income on taxes in 2017, more than housing, food and clothing costs combined, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy...

Government employees in Alberta received 9.6 per cent higher wages on average than comparable workers in the private sector last year, and enjoyed much more generous non-wage benefits, too, finds a new study by the Fraser Institute, an independent,...

Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018. "Home sales result in substantial spin-off benefits to the...

TORONTO, August 2, 2018 ? Businesses across Canada's foodservice sector are bracing themselves for rising food costs resulting from tense international trade negotiations. According to Restaurants Canada's most recent quarterly Restaurant Outlook...

TDb Split Corp. ("the Company") announces that its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2018 are now available at www.sedar.com and the Company's website at www.tdbsplit.com. For...

The MNP Consumer Debt Index has jumped ten points since March, signaling an overall improvement in Canadians' feelings about their debt and increasing optimism among Canadians on issues related to personal finance. Over sixty per cent (61%) of...

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") is pleased to announce the filing of a National Instrument ("NI") 43-101 technical report titled "Updated Preliminary Economic Assessment NI 43-101 Technical Report Chidliak Project, Nunavut,...

AGF Management Limited reported total fee-earning assets under management (AUM) of $38.3 billion as at June 30, 2018.    AUM ($ billions) June 30, 2018 May 31, 2018  % ChangeMonth-Over-Month  June 30, 2017 % Change Year-Over-YearTotal Mutual Fund...

Axonify, the world's most trusted corporate microlearning platform, today announced results from a study, conducted by PMG Intelligence, which revealed that frontline financial services employees are in critical need of more in-depth and ongoing...

TransGlobe Energy Corporation  ("TransGlobe" or the "Company") announces a mid-second quarter 2018 update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Published AIM listing documents June 1st, 2018;...

Today the Aerospace Industries Association of Canada (AIAC) and the Department of Innovation, Science and Economic Development (ISED) released their joint 2018 report on the state of Canada's aerospace industry. The report's findings clearly show...

The period from 2006 to 2016 was a remarkable decade for Canada's oil and gas industry. Periods of rapid growth followed by sharp contractions transformed not only the industry, but also its workforce, according to the latest report released today by...

Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Members reported 210,579 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with...

The deteriorating public schools in Southwestern Ontario's public schools have racked up over $1.5 billion in disrepair, data from the Ontario Ministry of Education has revealed. The School Facility Condition Data report, updated at the end of 2017,...

Despite misperceptions and government claims, raising the minimum wage will do little to reduce poverty in British Columbia because the vast majority of minimum-wage earners don't live in low-income households, finds a new study released today by the...

The Thompson-Okanagan Development Region (Thompson-Okanagan) enjoyed a stellar performance in 2017, highlighted by a 10-year record in population growth, strong tourism activity, and record housing sales. Together, these factors stimulated job...

With summertime approaching, images come to mind of teenagers heading off to summer jobs or high school graduates searching for their first work experience. But, in reality, teenage employment is declining in Canada. Over the past 10 years, an...

Poor energy policy choices?including Ontario's Green Energy Act?have increased electricity prices for residents, cost tens of thousands of manufacturing workers their jobs and produced only minimal health and environmental benefits, finds a new...

Today, the Toronto Real Estate Board will host the third of three Regional Economic Summits in York Region (Durham Region was hosted on March 20) to discuss its market outlook, with updated consumer polling data from Ipsos Public Affairs and results...

Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sales transactions reported through TREB's MLS® System for the first quarter of 2018. TREB Commercial Network Members reported 6,277,221 square feet of combined...

Crescent Point Energy Corp. ("Crescent Point" or the "Company") is pleased to announce that first quarter 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60 percent and 175 percent respectively. The...

INTERFOR CORPORATION ("Interfor" or the "Company") announced today that it has published its first corporate sustainability report; it can be viewed online: www.interfor-sustainability.com. The report highlights Interfor's commitment to making...

As a part of Budget 2018, the federal Liberal government announced significant funding for protected areas in Canada, which positions Canada as a global leader in biodiversity conservation. In 2015, the Canadian government adopted the 2020...

The Liberal government could still balance the federal budget by 2019/20?a promise Prime Minister Justin Trudeau made during the 2015 election campaign?by reducing program spending by just one per cent over the next two years, finds a new study...

Enterprise Group, Inc. ("Enterprise," or "the Company") , a consolidator of services to the energy sector focused primarily on construction services and specialized equipment rental, today released its Q4 2017 and FY2017 results. (Table below). Key...

The Toronto Real Estate Board will release its annual Market Year in Review & Outlook Report today at the Board's Economic Summit. This report captures statistics recorded through TREB's MLS® System for 2017 and provides a market outlook for 2018,...

Impact Forecasting, Aon Benfield's catastrophe model development team, today launches its Weather, Climate & Catastrophe Insight: 2017 Annual Report, which evaluates the impact of the natural disaster events that occurred worldwide during 2017 to...