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Tag Archives: Canada economy

Trudeau: Priority right now is fighting the pandemic and saving lives

Canadian Throne Speech. Flag. People wearing masks. Throne.

BLOOMBERG, SEPTEMBER 23, 2020 In the short term, Canada will “do whatever it takes, using whatever fiscal fire-power is needed to support people and businesses during the pandemic,” By Kait Bolongaro for Bloomberg – Prime Minister Justin Trudeau says his government will launch a campaign to create 1 million jobs in Canada, returning employment to pre-pandemic levels. In a speech Wednesday …

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Canadian exports pummelled on virus industry shutdowns and oil price drop

Containers being loaded on a ship

BLOOMBERG, MAY 5, 2020 By Shelly Hagan for Bloomberg – Canadian exports plunged 4.7% in March to a more than two-year low as oil prices collapsed and the coronavirus pandemic shut down economies across the world. Export volumes dropped by the most since 2009. The drop in goods shipments widened the trade deficit to C$1.4 billion ($1 billion), from a revised C$894 …

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