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Two-fifths (42 per cent) of Canadian parents postponed returning to work in 2022 due to difficulties finding childcare, according to a new survey by Statistics Canada. The survey, which polled the parents of more than 11,500 children, found roughly four in 10 parents using childcare in early 2022 reported difficulty finding care. Among respondents who looked for childcare […]

  • By: Staff
  • June 5, 2022 June 6, 2022
  • 09:00

Canada’s economy will undergo volatility and inflationary acceleration as the nation recovers from the coronavirus pandemic, warns the governor of the Bank of Canada. “The process of reopening the economy won’t be entirely smooth,” said Tiff Macklem in a speech announcing the release of the central bank’s monetary policy report. “For example, we are experiencing supply […]

  • By: Staff
  • July 15, 2021 July 15, 2021
  • 13:00
Companies have modest hiring plans, low wage growth expectations, Bank of Canada says

Canadian workers and companies expect wage growth to stay low over the coming year over heightened uncertainty from the coronavirus pandemic, the Bank of Canada says in two new reports. The central bank’s business outlook survey finds that wage growth is widely expected to slow over the next year, with some firms reporting a wage […]

The economic outlook of U.S. business economists has improved over the past three months, though their sunnier view may be jeopardized by the resurgence of the coronavirus. A survey released Monday by the National Association for Business Economics finds a “significant snap-back in expectations from the depths reached across nearly all categories in April,” according […]