Canadians spent $66.1 billion in May, 0.8 percent less in dollar terms than in April when retail spending rose 0.6 percent. The volume of goods and services bought fell by 0.7 percent.
Tag: Canada
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BUSINESS AND PERSONAL BANKRUPTCIES RISE IN CANADA
Bankruptcies in Canada rose 3.1 percent in May from April and a stunning 19.2 percent year on year, according to the Office of the Superintendent of Bankruptcy.
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CANADA’S STANDARD OF LIVING HAS CRASHED, STUDY SAYS
As a gross number, the rate of Canada’s economic growth was the second-best among G7 nations from 2000 through 2023.
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CANADA PLAYING THE NEW TARIFFS GAME ON CHINA AFTER U.S. ANNOUNCEMENT
Canada’s government may follow the U.S. is hitting Chinese imports with new tariffs after President Joe Biden announced sweeping tariffs of as much as 102.5 percent on Chinese goods earlier this month.
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BUSINESS BANKRUPTCIES SOAR IN CANADA
In this year’s first quarter, Canada’s business bankruptcies shot up 87.2 percent, year on year, to 1,599, according to data from the government’s Office of the Superintendent of Bankruptcy. Household bankruptcies rose 14 percent.
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THIS WEEK IN SURVEILLANCE
The “degrowth” screws are tightening on citizens in Canada, the U.S. and Europe.
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CANADA’S BUSINESS BANKRUPTCIES SET 19-YEAR RECORD
In January, 759 Canadian businesses notified the government’s Office of the Superintendent of Bankruptcies that they have gone bust, 42 percent more than in December and a 129-percent surge year over year.
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CANADA’S PREMIER AUTHORITARIAN TRYING TO BOLSTER GOVERNMENT MEDIA CONTROL
Ah, the good old days, when one government owned and one (nominally) private TV outlet could shape the desired narratives in Canada.
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CANADA’S INFLATION RATE SPIKES IN AUGUST
Canada’s annual Inflation rate jumped to 4 percent in August from 3.3 percent in July, largely due to a 0.8-percent rise in the price of petroleum fuels, Statistics Canada reported. The rate was the highest since April.
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CANADA’S ECONOMY SHRINKS IN SECOND QUARTER
Canada’s economy contracted by 0.2 percent in this year’s second quarter, Statistics Canada reported.