Canadian immigration has been found to directly impact the health of the import and export industry. Read on to learn more about how newcomers boost Canada’s economy.
In an unexpected move, the European Central Bank (ECB) has cut its central Overnight Lending Rate to a historically low 0.05 per cent, and have announced new economic stimulus measures to come. How will this affect Canada, especially as CETA and trade come into play?
Let’s call it a Whopper of a deal: the latest corporate buzz surrounds Burger King’s recent $11-billion acquisition of beloved Canadian brand Tim Horton’s. This new merger makes it the third largest fast food chain in the world behind Subway and McDonald’s. The combined company, owned by Brazilian private-equity firm 3G Capital Inc. with a 70 per cent majority, will be headquartered in Oakville, Ontario. The move is causing controversy on both sides of the border – but Canada has much to gain from the deal.
The proposed oil pipeline from Alberta to BC will create economic success for Canada by opening our oil reserves to Asian markets, and minimizing our dependence on U.S. trade. However, there are also controversial environmental issues to be aware of. Here’s what you need to know about this ongoing western Canadian project.
Global leaders have recently expressed growing concern over a possible currency war, in which nations purposely devalue their own dollar in order to stimulate trade. What are the implications for Canada’s economy as well as the global markets?
Canada’s trade deficit has hit a record high, according to Stats Canada numbers for July. What does the increase, which is due to a weakening export industry and U.S. trade relations, mean for Canadians and the overall economy?