Canadian economic recovery continuing and growing

About 80 per cent of the economic hole caused by the pandemic has been filled back up

Canadian economic recovery continuing and growingCanada’s economic recovery is continuing and growing. The BMO Business Activity Index, released Friday by BMO Economics, tracks monthly business activity with information on jobs, spending, sentiment and other indicators and it rose five per cent in July. And BMO said it is on pace for a 2.7 per cent gain in August. That would…

Wholesale sales in Canada grow to a record high in July

In Alberta, sales of $6.6 billion were up 2.1 per cent from June but year-over-year they declined by 1.8 per cent

Wholesale sales in Canada grow to a record high in JulyWholesale sales in Canada grew for a third consecutive month in July as sales rose 4.3 per cent to a record high $65 billion on the strength of higher sales in the motor vehicle and motor vehicle parts and accessories subsector, according to data released Friday by Statistics Canada. Sales increased in six subsectors in…

Alberta economy to sink by 7.2% this year

“An economic recovery has begun to take root, although a return to pre-pandemic levels of activity is not anticipated before 2023."

Alberta economy to sink by 7.2% this yearThe drag exerted by this spring’s pandemic-driven restrictions and severe weakness in the energy sector is poised to leave Alberta with the second sharpest contraction among the provinces in 2020, according to a new Provincial Economic Forecast report released Thursday by TD Economics. The report said Alberta’s economy is expected to decline by 7.2 per…

Alberta launches Investment and Growth Strategy initiative

A consultation initiative with the technology sector to modernize Alberta’s intellectual property laws also announced

Alberta launches Investment and Growth Strategy initiativeThe Alberta government launched on Thursday a strategy it says will create jobs and drive investment and diversification in Alberta, while a new consultation will modernize intellectual property in the province. It said Alberta’s Investment and Growth Strategy (IGS) is a $75-million initiative led by the Ministry of Jobs, Economy and Innovation and the Strategy…
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