Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices
Bank points to new, more transmissible variants of COVID-19 as the biggest risk to an economic recovery
Report says Canada’s economy is expected to grow 4.7% this year, while the U.S. is slated to grow 6.5%
Drop was largely due to shutdowns in the spring as COVID began to spread
Predictions for reopening of the economy and recovery outlined
Canada’s unemployment rate climbed to 9.6 per cent in January as 212,800 jobs were erased that month
The central bank is citing the economic conditions and ongoing uncertainty
Lockdowns in the spring of 2020 led to a historic drop in employment with about three million jobs lost
McKay says government relief will have to continue and become focused on areas of the economy
The average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018
The increase followed growth of 0.8 per cent in September
The announcement marks the interest last rate decision the central bank will make this year
Some retail chains went into 2020 already saddled with massive debt and too many stores
The move aims to bolster an industry made up largely of small and medium-sized businesses
The country has recovered about three-quarters of the three million jobs lost during spring lockdowns
As historic as the rebound was, it fell short of expectations
Kahlon, 41, said he will consult broadly on the recovery
