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economist

Unemployment rate unchanged in July, though jobless rate for young people continued to rise

by Anas Siddiqui
Unemployment rate unchanged in July, though jobless rate for young people continued to rise

Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed …

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Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

by Anas Siddiqui
Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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As Putin meets with Xi, China is forced to consider how far it will go to help a friend

by Walter Watson
As Putin meets with Xi, China is forced to consider how far it will go to help a friend

As Vladimir Putin and his large entourage touch down Thursday in Beijing for a two-day state visit, there were be plenty of public overtures about cooperation, but with China facing increasing pressure …

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U.S. lawmakers are taking aim at private equity in health care. Here’s what is happening in Canada

by Akin Smith
U.S. lawmakers are taking aim at private equity in health care. Here’s what is happening in Canada

In the U.S., the growing role of private equity firms in health care is coming under heightened scrutiny, with Senate committee hearings and a cross-government public inquiry launched earlier this …

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Nearly 23% of the Canadian population reported food insecurity in 2022

by Anas Siddiqui
Nearly 23% of the Canadian population reported food insecurity in 2022

Nearly nine million Canadians lived in food insecure households in 2022, with 22.9 per cent of the population reporting some form of food insecurity, according to a Statistics Canada report released …

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Vietnam parliament chief, Vuong Dinh Hue, quits over ‘violations’ in latest leadership upheaval

by Walter Watson
Vietnam parliament chief, Vuong Dinh Hue, quits over ‘violations’ in latest leadership upheaval

The chairman of Vietnam’s parliament Vuong Dinh Hue has resigned over his “violations and shortcomings”, its government said on Friday, in a new sign of political turbulence just weeks after …

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Singapore’s Minister K Shanmugam rebuts ‘sneering’ article from UK’s Economist on country’s political succession

by Walter Watson
Singapore’s Minister K Shanmugam rebuts ‘sneering’ article from UK’s Economist on country’s political succession

Despite this, the piece argued, the ruling People’s Action Party (PAP) will win at the coming General Election due to its “formidable organisation, unrelenting attacks on the opposition, a docile …

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How the U.S. government is regulating AI

by Edgar Davis
How the U.S. government is regulating AI

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, …

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India, South Asia ‘squandering demographic dividend’, World Bank says

by Walter Watson
India, South Asia ‘squandering demographic dividend’, World Bank says

Job creation in South Asian economies is not keeping pace with the rise in the working age population, putting the region on a path that risks “squandering its demographic dividend”, …

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