Experts are warning that Canada is facing a looming supply chain crisis with far-reaching effects on the economy, as terminal operators began locking out dockworkers in Montreal, following a similar action in British Columbia a week earlier. Both dockworkers in Montreal and foremen on the West Coast are demanding better working conditions, and with contracts…
In the first quarter of 2024, Canada’s household savings rate surged to 6.9 percent, a peak not reached since 1996, excluding the pandemic period. This rate represents the proportion of disposable income that Canadians save. During the pandemic’s peak in the second quarter of 2020, savings soared to an unprecedented 26.5 percent due to lockdowns…
A recent analysis conducted by Global Affairs Canada (GAC) reveals that international students made a substantial economic impact on Canada in 2022, with their expenditures contributing CDN$30.9 billion (US$23 billion) to the nation’s GDP. This figure underscores the pivotal role of international education as a key economic driver for the country. The study claims that…
