Economic Indicators

PBO: Deficit on track to hit $330 billion with Covid effects lasting years

Economic Indicators

PBO: Deficit on track to hit $330 billion with Covid effects lasting years

Relative to the size of the economy, the deficit amounts to 15% of gross domestic product

By The Canadian Press |September 29, 2020

1 min read

Salary freezes expected to continue in 2021

Economic Indicators

Salary freezes expected to continue in 2021

According to Morneau Sheppell, 13% of employers have already committed to freezing salaries next year

By Staff |September 29, 2020

2 min read

Healthy U.S. economy failed to narrow racial gaps in 2019

Economic Indicators

Healthy U.S. economy failed to narrow racial gaps in 2019

The typical white family had eight times the wealth of Black families and five times the wealth of Hispanic families, a Fed report said

By Christopher Rugaber, The Associated Press |September 28, 2020

3 min read

Insolvency activity remains subdued

Economic Indicators

Insolvency activity remains subdued

Bankruptcies and consumer proposals were both still down in August

By James Langton |September 28, 2020

1 min read