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April 2021 GDP Report from Statistics Canada
Jun 30, 2021 | Economic News and ForecastsStatistics Canada released its April GDP figures today. GDP shrank in April by 0.3% - well below the initial expectation of a 0.8% contraction. This is the first decline in GDP after 11 months of growth. Non-residential building construction grew by 1.1% in the month...
Remembering John "Jack" Shellard Rutherford
May 14, 2021 | General News
Jack Rutherford passed away peacefully at Innisfree House Hospice in Kitchener on May 9, 2021 at the age of 87.
He will be greatly missed by his loving family. His wife of 63 years,
[ Read More ]Revised 2020 GDP Figures, with Provincial Breakdowns, Released by Statistics Canada
May 3, 2021 | Economic News and ForecastsStatistics Canada released revised GDP figures for 2020 today, changing shrinkage in the economy to 5.3% from the 5.4% reported in March. The provincial/territorial GDP breakdown showed all provinces down compared to 2019, with only the Yukon (1.1% growth) and Nunavut (3.5% growth)...
In Memory of Frank Orsino
May 3, 2021 | General News
It is with great sadness that we announce the passing of Frank Joseph Orsino, AHC, on Sunday, April 25, 2021 at the age of 68. Frank was the devoted husband of Rose of 42 wonderful years. Proud
[ Read More ]Bank of Canada Ups 2021 GDP Growth Estimate
Apr 22, 2021 | Economic News and ForecastsThe Bank of Canada yesterday announced it is continuing to keep interest rates at the lower effective bound of 0.25% and is scaling back its quantitative easing (QE) support - purchases of Government of Canada bonds - from $4 billion to $3 billion per week, effective April 26...
Bank of Canada Holds the Line on Interest Rates
Mar 10, 2021 | Economic News and ForecastsThe Bank of Canada announced today it is keeping interest rates at the effective lower bound of 0.25% despite the improved GDP in Q4 2020. The tone of the announcement remained somewhat dovish: "While economic prospects have improved, the Governing Council judges that the recovery continues...
Statistics Canada Releases Q4 2020 and Calendar 2020 GDP
Mar 4, 2021 | Economic News and ForecastsYesterday, Statistics Canada released GDP figures for Q4, along with GDP for the full year. In Q4, GDP grew 2.3% (an annualized rate of 9.5%) while, for the year, it fell an unprecedented 5.4%. Non-residential construction fell 10.9% in the quarter, reflecting weak demand for office buildings...
In Memory of Georges Boisjoli
Jan 4, 2021 | General News
It is with great sadness that we let our members know of the death of Georges Boisjoli, DAHC, on December 19, 2020, at the age of 76 years after a long battle with illness.
Georges was
[ Read More ]2021 DHI-C Economic Forecast
Dec 16, 2020 | Economic News and ForecastsDHI Canada today has released our 2021 economic analysis and forecast. We're predicting a few bumps in the road yet as we move into recovery after the pandemic-related recession earlier this year. A slightly abbreviated version of this forecast will appear in the January 2021 issue...
In memory of Evan Kwong
Dec 4, 2020 | General News
It is with heartbreaking sadness that we announce the peaceful passing of Evan Kwong on Thursday, November 26th, 2020, after three years of battling Head and Neck Cancer at the age of 56
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