economy

A worker carries wood as a house under construction is shown in a subdivision in Beckwith, Ont. THE CANADIAN PRESS/Sean Kilpatrick

Statistics Canada says Canadian economy grew 4.6% in 2021

Home construction, resales and renovations increased at near-record levels as country bounes back

A worker carries wood as a house under construction is shown in a subdivision in Beckwith, Ont. THE CANADIAN PRESS/Sean Kilpatrick
Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. Investors watching bank earnings that start this week will be keeping a keen eye on any hints at how the institutions will fare with the two big trends this year: rate hikes and inflation. THE CANADIAN PRESS/Adrien Veczan

Outlook for interest rates, inflation are key trends as banks set to report earnings

The central banks of Canada and the U.S. are expected to start raising rates in March

Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. Investors watching bank earnings that start this week will be keeping a keen eye on any hints at how the institutions will fare with the two big trends this year: rate hikes and inflation. THE CANADIAN PRESS/Adrien Veczan
People line up at the Toronto Premium Outlets mall on Black Friday for shopping sales during the COVID-19 pandemic in Milton, Ont., Friday, Nov. 27, 2020. THE CANADIAN PRESS/Nathan Denette

November economy pushed Canada past pre-COVID level for first time in 2 years

Statistics Canada says economy grew 0.6% in November, decline expected to start 2022

People line up at the Toronto Premium Outlets mall on Black Friday for shopping sales during the COVID-19 pandemic in Milton, Ont., Friday, Nov. 27, 2020. THE CANADIAN PRESS/Nathan Denette
Downtown Victoria streets have been emptier with less tourists in town since the pandemic started, but the South Island Prosperity Partnership has been working hard to get the economy bouncing back. It earned three international awards for its efforts. (Black Press Media file photo)

South Island Prosperity Partnership wins 3 global awards for COVID economic response

Conglomerate’s 2 gold, 1 silver won for innovation, special events, education partnerships

Downtown Victoria streets have been emptier with less tourists in town since the pandemic started, but the South Island Prosperity Partnership has been working hard to get the economy bouncing back. It earned three international awards for its efforts. (Black Press Media file photo)
People walk along Ste-Catherine Street in Montreal, Sunday, January 2, 2022, as the COVID-19 pandemic continues in Canada. Some measures put in place by the Quebec government, including the closure of stores to help curb the spread of COVID-19 in the province. THE CANADIAN PRESS/Graham Hughes
People walk along Ste-Catherine Street in Montreal, Sunday, January 2, 2022, as the COVID-19 pandemic continues in Canada. Some measures put in place by the Quebec government, including the closure of stores to help curb the spread of COVID-19 in the province. THE CANADIAN PRESS/Graham Hughes
Environmental sustainability, plant-based food and First Nations participation come together at Cascadia Seaweed, an innovative new food brand. (Courtesy of Cascadia Seaweed Corporation)

Going blue in 2022: Greater Victoria positioned to make waves in blue economy: advocates

Coastal capital should go with what it knows to create sustainable, innovative industries

Environmental sustainability, plant-based food and First Nations participation come together at Cascadia Seaweed, an innovative new food brand. (Courtesy of Cascadia Seaweed Corporation)
People wait in line at a COVID-19 testing and vaccination site in Montreal, Wednesday, Dec. 29, 2021. Ontario and Quebec are both reporting new COVID-19 case records today as Canadian provinces explore changing their isolation rules to keep health systems afloat amid an unprecedented wave of infections. THE CANADIAN PRESS/Graham Hughes
People wait in line at a COVID-19 testing and vaccination site in Montreal, Wednesday, Dec. 29, 2021. Ontario and Quebec are both reporting new COVID-19 case records today as Canadian provinces explore changing their isolation rules to keep health systems afloat amid an unprecedented wave of infections. THE CANADIAN PRESS/Graham Hughes
Alicia Dempster poses for a photograph at her home in Stouffville, Ont., on Wednesday, December 22, 2021. Dempster anticipated she’d return to her work in events after her maternity leave ended, but has yet to do so as a result of COVID-19. THE CANADIAN PRESS/ Tijana Martin

Statistics show the ‘she-cession’ is over, but experts say not so fast

Many women still struggling to balance work and demands of family life

Alicia Dempster poses for a photograph at her home in Stouffville, Ont., on Wednesday, December 22, 2021. Dempster anticipated she’d return to her work in events after her maternity leave ended, but has yet to do so as a result of COVID-19. THE CANADIAN PRESS/ Tijana Martin
The TV series Superman Lois strengthened the B.C. economy to the tune of $95 million, says Motion Picture Association – Canada. (Warner Bros. Entertainment Inc. photo)

Superman TV series strengthened B.C. economy by $95M, says movie association

Superman & Lois filmed in Delta, Surrey and Richmond

The TV series Superman Lois strengthened the B.C. economy to the tune of $95 million, says Motion Picture Association – Canada. (Warner Bros. Entertainment Inc. photo)
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

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

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)
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

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)
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*