economy

Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang

Statistics Canada says GDP grew at 5.4% annual rate in Q3

Economy edged up by 0.1% in September

 

Consider if you really need something before you buy it on Black Friday, says a professor from University of B.C. Pictured here, a person at a sale from Black Friday 2016. (THE CANADIAN PRESS/Justin Tang)

Consider need over deals when Black Friday bargain hunting, experts say

Don’t be ashamed to shop, but consider longtime usage, says UBC professor

 

The Greater Victoria Chamber of Commerce will pick up the shipping for more than 100 member businesses up until Black Friday. (Black Press Media file photo)

Victoria chamber picking up the cost of shipping for members until Dec. 25

Greater Victoria Chamber of Commerce will fund as much as $50,000 to entice local shopping

 

According to the City of Victoria, the local music ecosystem created 3,630 direct jobs in Victoria, contributed $223 million to the region’s gross domestic product and had a direct output of $463 million to the local economy. (Courtesy of City of Victoria)

City of Victoria heralds first-ever music strategy

Support aims to revitalize pandemic-affected sector that had $463-million impact in 2017

According to the City of Victoria, the local music ecosystem created 3,630 direct jobs in Victoria, contributed $223 million to the region’s gross domestic product and had a direct output of $463 million to the local economy. (Courtesy of City of Victoria)
Director/Writer Scott Cooper and Producer Guillermo del Toro on the set of ANTLERS. Photo by Kimberley French. © 2021 20th Century Studios All Rights Reserved

Film industry an economic driver for B.C. towns says Canada’s Motion Picture Association

Four days of filming Antlers resulted in $10,000 for permit fees to District of Hope

Director/Writer Scott Cooper and Producer Guillermo del Toro on the set of ANTLERS. Photo by Kimberley French. © 2021 20th Century Studios All Rights Reserved
Bank of Canada Governor Tiff Macklem speaks during a news conference, in Ottawa, Wednesday, Oct. 27, 2021. The Bank of Canada’s move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to mange the debt. THE CANADIAN PRESS/Adrian Wyld

End of quantitative easing shadows Liberals’ consultation on managing federal debt

Bank of Canada could start increasing key rate from 0.25% beginning in the second quarter of 2022

Bank of Canada Governor Tiff Macklem speaks during a news conference, in Ottawa, Wednesday, Oct. 27, 2021. The Bank of Canada’s move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to mange the debt. THE CANADIAN PRESS/Adrian Wyld
The Vancouver Island Economic Summit will be held virtually Oct. 26-28. (News Bulletin file photo)

Island economic summit explores disruption, digital innovation, doughnut economy

Vancouver Island Economic Alliance’s summit to be held virtually Oct. 26-28

The Vancouver Island Economic Summit will be held virtually Oct. 26-28. (News Bulletin file photo)
Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin
Prime Minister Justin Trudeau, left, arrives with Deputy Prime Minister and Minister of Finance Chrystia Freeland as she prepares to table the federal budget in the House of Commons in Ottawa, on Monday, April 19, 2021. THE CANADIAN PRESS/Justin Tang

Liberals to face pressure to move quickly on fiscal plan as fourth wave hits economy

Analyst: Liberals are unlikely to start reining in spending with the pandemic ongoing

Prime Minister Justin Trudeau, left, arrives with Deputy Prime Minister and Minister of Finance Chrystia Freeland as she prepares to table the federal budget in the House of Commons in Ottawa, on Monday, April 19, 2021. THE CANADIAN PRESS/Justin Tang
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Statistics Canada says economy contracted in second quarter of year

Agency said the drop was drive by declines in home resale activity, exports

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
Shell Canada President Susannah Pierce poses in this undated handout photo. The oil and gas sector is simply “not as attractive as it once was” to today’s young people, Pierce says. THE CANADIAN PRESS/HO, Shell Canada *MANDATORY CREDIT*

Top CEOs urge diversification as Alberta grapples to find its place in changing world

Alberta’s long-term unemployment rate is 2.4 per cent, higher than the national average of 1.4 per cent

Shell Canada President Susannah Pierce poses in this undated handout photo. The oil and gas sector is simply “not as attractive as it once was” to today’s young people, Pierce says. THE CANADIAN PRESS/HO, Shell Canada *MANDATORY CREDIT*
(Unsplash photo)

Survey says: 1 in 3 Canadians are looking to cash in on a side hustle

24% of respondents consider direct selling a realistic option to make more money

(Unsplash photo)
Bank buildings are photographed in Toronto’s financial district on Wednesday, June 27, 2018. Canadian banks are emerging from the pandemic flush with cash, but analysts say they’ll be looking at financial results out this week for hints of how the sector is transitioning towards more business as usual. THE CANADIAN PRESS/ Tijana Martin

Big Canadian banks set to release earnings as economy shifts to reopening

Loan growth will be a key area to watch as the economy reopen

Bank buildings are photographed in Toronto’s financial district on Wednesday, June 27, 2018. Canadian banks are emerging from the pandemic flush with cash, but analysts say they’ll be looking at financial results out this week for hints of how the sector is transitioning towards more business as usual. THE CANADIAN PRESS/ Tijana Martin
Statistics Canada says retail sales rose 4.2 per cent to $56.2 billion in June as public health restrictions were eased in many parts of the country. Shoppers are shown at West Edmonton Mall in Edmonton on Wednesday, December 9, 2020. THE CANADIAN PRESS/Amber Bracken

Statistics Canada says retail sales gained 4.2% in June as restrictions eased

Sales at general merchandise stores rose 7.4 per cent, while motor vehicle and parts dealers gained 2.7 per cent

Statistics Canada says retail sales rose 4.2 per cent to $56.2 billion in June as public health restrictions were eased in many parts of the country. Shoppers are shown at West Edmonton Mall in Edmonton on Wednesday, December 9, 2020. THE CANADIAN PRESS/Amber Bracken
A new federal focus on Greater Victoria’s economic development is expected in the coming years after the Government of Canada announced a new B.C.-focused agency Aug. 5, with one of its regional offices in Victoria. (Black Press Media file photo)

New economic development agency promises federal focus on Victoria

PacifiCan replacing Western Economic Diversification Canada in B.C. with nine offices

A new federal focus on Greater Victoria’s economic development is expected in the coming years after the Government of Canada announced a new B.C.-focused agency Aug. 5, with one of its regional offices in Victoria. (Black Press Media file photo)
B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)

Victoria-based company nets record return for B.C. pension investment in pandemic year

B.C. Investment Management Corporation gained 16.5 per cent in 2020 for civil service pension plan

B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)
FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Women, BIPOC Canadians must remain focused as economy recovers from COVID: report

People who bore the brunt of pandemic restrictions must be taken into account

FILE – A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada will act to cool inflation if prices run too hot, Macklem says

The central bank forecast inflation will run above 3 per cent this year

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada cuts growth forecast for 2021, reduces bond-buying target

Bank now expects growth of 4.6 per cent in 2022, up from its earlier forecast of 3.7 per cent

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang

Gen Z, millennials playing a significant part in the Great Resignation trend

One-third of employed generation Z and millennial professionals polled reported plans to pursue a new job

Vanessa Staniforth is shown in the garden at her home in Ottawa, on Friday, July 9, 2021. THE CANADIAN PRESS/Justin Tang