In a recent report by Statistics Canada, the Canada inflation rate saw a decline to 3.8 percent in September. It is down from August’s figure of four percent. This development, while somewhat unexpected, comes...
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Canada’s job market added 64,000 new workers in September
Canada’s job market added 64,000 new workers in September, but most of them were part-time, according to Statistics Canada. This is twice as many new jobs as economists were expecting, but the job gains...
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Saskatchewan Minimum Wage Increase Faces Criticism Amid Rising Living Costs
In a move aimed at addressing the growing concerns of minimum wage earners, Saskatchewan recently increase its minimum wage from $13 to $14 per hour. However, this increment, though a step in the right...
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Historic Investment in Electric Vehicle by Canadian Leaders
A momentous announcement done against the backdrop of Quebec’s commitment to a green economy. Canadian Prime Minister Justin Trudeau and Premier François Legault have unveiled what they’re calling a “historic” investment in Electric Vehicle....
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Canadian Food Banks Facing Financial Pressure Despite Record Reserves
Amidst an affordability crisis and rising food costs, several of Canadian food banks are grappling with financial challenges, despite having built up record reserves during the pandemic. These reserves, which swelled to tens of...
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Minimum Wage Increases for Several Canadian Provinces in October 2023
As of October 1, 2023, several Canadian provinces will implement new minimum wage increases, ensuring fair compensation for workers. Ontario, Manitoba, Saskatchewan, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island are among the...
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At G20 Meet Trade Ministers Agreed On Three Useful Agreements
During a recent two-day meeting led by Commerce Minister Piyush Goyal in Jaipur, trade ministers from G20 countries came to consensus on three crucial action-oriented initiatives. These initiatives are aimed at enhancing the resilience...
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India Planning To Put Official Ban On Sugar Export
India is reportedly planning to ban sugar mills from exporting sugar in the upcoming season starting in October due to reduced cane yields caused by inadequate rainfall. This move, if implemented, would mark the...
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Analyzing Economic Indicators: Is a Recession Imminent?
The global economy is a complex interplay of various factors, and its stability is often a subject of speculation and analysis. Recent shifts in economic indicators have prompted discussions regarding the potential emergence of...
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GST resulting in a loss of government revenue: Bibek Debroy
The Economic Advisory Council to the Prime Minister (EAC-PM) Chairman, Bibek Debroy, has expressed concerns over the revenue implications of India’s Goods and Services Tax (GST) system, while also acknowledging its role in simplification....
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