The “degrowth” screws are tightening on citizens in Canada, the U.S. and Europe.
Tag: Canada
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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.
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CANADA: BANKRUPTCIES SPIKE, JOB LOSSES RISE
During April, May, and June this year, personal bankruptcies increased 23.5 percent and business bankruptcies were up 36.9 percent, year on year, Canada’s Office of the Superintendent of Bankruptcy reported, blaming sharply higher interest rates for the failures.
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CANADA’S ECONOMY SLOWS IN SECOND QUARTER, SHRINKS IN JUNE
Canada’s GDP grew a scant 1 percent in this year’s second quarter, Statistics Canada reported, slower than the 3.1 percent posted in the first quarter and below the Bank of Canada’s 1.5-percent forecast.
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CANADA GRAPPLING WITH CREEPING MONOPOLIES
Five companies—Costco, Empire, Loblaws, Metro, and Walmart—account for 75 percent of Canada’s grocery sales.
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BANK OF CANADA RAISES INTEREST RATES TO 22-YEAR HIGH
Once again, the Bank of Canada (BoC) raised its key interest rate by a quarter point, moving it from 4.75 to 5.0 percent in the wake of second-quarter consumer spending that was stronger than predicted.
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BANK OF CANADA SETS INTEREST RATE AT 22-YEAR HIGH
After a five-month pause in rate increases, the Bank of Canada (BoC) lifted its key rate on 7 June from 4.50 percent to 4.75 percent, its highest since 2001.