Reading Time: 5 minutes Disponible en français. This HillNote highlights key trends in the Canadian economy in the third and fourth quarters of 2022. Recent measures taken by the Bank of Canada in response to an elevated rate of inflation have led to lower… Read More ›
Economy
Executive Summary – Road Transportation: Heavyweight of the Canadian Economy
Reading Time: < 1 minute Disponible en français. The trucking sector is one of the most important pillars of transportation in the supply chain. Thanks to Canada’s extensive road network, trucks are the primary mode of transport used to ship goods across the country. The trucking… Read More ›
Executive Summary – Canada’s Tourism Economy
Reading Time: 2 minutes Disponible en français. Canada’s multi-billion-dollar tourism sector employs hundreds of thousands of Canadians and is supported by all levels of government. In 2020, due to the COVID-19 pandemic, global tourism and travel sector revenue decreased by 49% from the previous year,… Read More ›
Update on Canada’s Long-Term Infrastructure Plan
Reading Time: 6 minutes Disponible en français. Launched in 2016, the Investing in Canada Plan is a long-term federal infrastructure plan involving the investment of $188 billion over 12 years. Of this total, $96 billion is new funding, and $92 billion is from existing infrastructure programs. Although the… Read More ›
Executive Summary – How the Bank of Canada Creates Money Through its Asset Purchases
Reading Time: < 1 minute Disponible en français. Money is created in the Canadian economy in two main ways: through private commercial bank loans or asset purchases, and through the Bank of Canada’s asset purchases. The majority of money in the economy is created by… Read More ›
Impacts of COVID-19 on Employment: 101 Sectors in Four Colours
Reading Time: 4 minutes 8 April 2021, 10:50 a.m. Disponible en français. The COVID-19 pandemic and the related business restrictions and lockdown measures decreased employment in Canada by 16% from February to April 2020. By February 2021, one year after the pandemic started, total employment… Read More ›
Executive Summary – Distribution of Federal Revenues and Expenditures by Province
Reading Time: < 1 minute (Disponible en français : Résumé – La répartition des revenus et des dépenses du gouvernement fédéral par province) The federal government collects revenues and makes expenditures in all provinces. Per capita federal revenues and spending vary from province to province, depending… Read More ›
Rebuilding Better: Calls for a Green, Inclusive, Sustainable Economic Recovery from the COVID-19 Pandemic
Reading Time: 5 minutes 14 September 2020, 8:55 a.m. (Disponible en français : Reconstruire en mieux : appels en faveur d’une relance économique verte, inclusive et durable après la pandémie de COVID‑19) Since the early days of the COVID-19 pandemic, there have been numerous… Read More ›
The Shape of Things to Come
Reading Time: 3 minutes 2 July 2020, 8:30 a.m. (Disponible en français : La forme que prendront les choses à l’avenir) The COVID-19 pandemic has caused a rapid global economic contraction. Many forecasters are predicting an economic downturn not seen since the Great Depression…. Read More ›
The COVID-19 Pandemic and the Environment
Reading Time: 5 minutes 27 May 2020, 11:20 a.m. (Disponible en français : La pandémie de COVID-19 et l’environnement) Financial crises, pandemics, international conflicts and environmental incidents have all affected the Canadian economy in the past, sometimes resulting in major economic slowdowns. Shifts in… Read More ›