Category Archives: Canadian economy

Rate of Self-Employment Decreases for Sons of Immigrants, Increases for Daughters -Study

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A study on intergenerational changes in self-employment rates among immigrant parents and their children finds that the Canadian-born sons of immigrant parents are less likely to be self-employed than their fathers, and are likely to choose self-employment for different reasons, while the Canadian-born daughters of immigrant parents are more likely to be self-employed than their mothers. According to the Statistics […]

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Conference Board of Canada says Canada Needs More Investment to Utilize Skilled Work Force

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A new Op-Ed by the Conference Board of Canada, a non-partisan Canadian economic think tank, makes the case that Canada’s tepid productivity growth over the last three decades is due to an insufficient expansion of physical capital. The report lauds the quality of Canada’s labour force: Canada can boast one of the top workforces in the world. Compared with many […]

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Canada’s Real Wage Growth Stagnant For Last 30 Years -Report

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A report published last month as part of Statistics Canada’s Economic Insights series finds that average real wage rates increased by only 14 percent in Canada from 1981 to 2011. According to the report, real hourly wages, meaning hourly wages after adjusting for inflation, increased from approximately $20.70 in 1981, to $23.70 in 2011, a $3 wage gain in 30 years. Median […]

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Canadians Now Wealthier Than Americans, Mostly Due to Housing Prices

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A report that first surfaced on Canada Day stating that Canada now has higher average household net worth than the US set the news media on both sides of the border buzzing. Advocates of robust government intervention in the economy pointed to this development as vindication of their faith in their economic ideology, while Republicans blamed the news on Obama’s […]

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Financial Post Addresses Growing Income Disparity Between Recent Immigrants and Other Canadians

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The growing income gap between recent immigrants and longer-established Canadians received special news coverage today with a report in the Financial Post by the deputy chief economist of CIBC, Benjamin Tal. The article describes the deteriorating position of newly arrived immigrants relative to native-born Canadians by comparing what it was in the 1970s to what it is today: A male immigrant […]

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TD Bank Says it is Looking to Reverse Closure of Some Iranian-Canadians’ Accounts

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After a maelstrom of criticism for closing the bank accounts of dozens of Canadians of Iranian descent, in some cases with little to no explanation, TD Bank announced this week that it is looking to address the complaints and handle its enforcement of financial sanctions against Iran more delicately. In an interview on Monday, a spokesman for TD Bank, Mohammed Nakhooda, said the bank […]

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Iranian-Canadians Outraged as at least 100 Accounts Closed by TD Bank

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After a report last week by the Ottawa Citizen detailing the case of several Iranian-Canadians who had their bank accounts closed by TD Bank with little to no explanation, it has emerged that the scale of the closures is much larger than the initial report indicated. At least one hundred Canadians of Iranian descent have come forward in the last […]

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Canadians 2nd Most Optimistic About Economy After Brazilians in New Poll

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The results of a new poll commissioned by the International Trade Union Confederation show Canadians behind only Brazilians as the most optimistic citizens of any of the thirteen countries included in the poll. The poll covered the adult populations of Canada, Brazil, United States, Mexico, France, Germany, Greece, Indonesia, South Africa, Bulgaria, Japan, Belgium, and the United Kingdom, and interviewed […]

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Canadian Monthly Economic Growth Accelerates to 0.3% on Oil Output Increase

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Canadian economic growth rose to 0.3 percent in April, from 0.1 percent in March, due mostly to an increase in oil and gas output and support activities for the industry, according to a report released by Statistics Canada today. The gross value of mining, oil and gas extraction increased 2.7 percent in April after maintenance-linked slowdowns in productions in February and March. […]

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Inflation Drops to 1.2% in May, Reducing Likelihood of Rate Hike

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Prices increased 1.2 percent in the 12 months leading up to May, a drop of 0.8 percent from the annual inflation rate in April, according to a report released by Statistics Canada today, a development that could keep interest rates low and help shore up housing prices in the near term. The slowdown in inflation was due primarily to declines […]

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