Canada Letter

Canada's Most Fascinating News

Page 2 of 8

Lights to go out on Little Bay Islands as locals agree to resettle

Tracey Lindeman, writing in The Guardian »

By New Year’s Day, Mike and Georgina Parsons – and their dog – will be the only permanent residents of Little Bay Islands. At 53 and 44 respectively, they are the island’s youngest full-time residents.

They moved to the community a few years back, attracted to the idea of living off the grid in Mike’s hometown, and have spent the last couple of years preparing for a life of solitude on the edge of the Atlantic.

As winter draws near residents have been slowly filing out, each weekend bringing more farewells. At least half the numbers in the phone directory have been disconnected. Many residents intend to return to their homes in the summers, but for others this may be goodbye.

Watching his parents and other residents pack up and go is tough, said Parsons. “In spite of the fact that 100% of the permanent residents here voted to leave, I know that to actually do it, to pack up their things and leave, is just heartbreaking.”

Read more »

Liberal Party under leadership of Justin Trudeau re-elected for a second term » However results reflect a divided nation

Chantal Hébert, in the Hamilton Spectator »

Under the guise of a minority victory for Justin Trudeau’s Liberals, Canadians have given themselves a Parliament that better reflects their deepening divisions than a common national purpose.

If anything, the election stands to exacerbate rising tensions between parts of the federation.

In each and every case the capacity of Canada’s main parties to speak for the country has been diminished.

and

On the morning after the 2015 election, many progressive swing voters celebrated Trudeau’s accession to power. This year, most of them are first and foremost celebrating Andrew Scheer’s defeat.

As expected, Prairie voters massively deserted the Liberals. With no Liberal seat in Alberta, that province will spend the next few years looking on federal power from the opposition benches.

and

If there is one issue that is not going off the radar over the next months and years, it is climate change.

The Conservatives have spent the past two years all but inviting voters who worry about the planet’s top-of-mind environmental issue to shop elsewhere.

Read the whole article in the Hamilton Spectator »

Same article in the Toronto Star »

More » CBC » Trudeau’s to-do list: calm rising regional tensions, heal rifts with premiers

Bank of Canada Report » Business outlook edging higher

The Canadian Press via the CBC »

A new survey by the Bank of Canada suggested that business sentiment in the country has edged higher, but differences between the Prairies, hard hit by the turmoil in the energy sector, and Central Canada have grown more pronounced.

The central bank’s survey of senior management at roughly 100 firms suggested “a slight improvement” in overall business sentiment as businesses expected moderate sales growth in the year to come.

However, due to ongoing challenges in the energy sector, the Bank of Canada said overall sentiment was negative in the Prairies.

Read more at the CBC »

Bloomberg » Trudeau has Canada’s economy humming

Matthew A. Winkler, writing in Bloomberg »

Unemployment fell faster than in any developed nation during the 40 months that ended in May, to its lowest level since 1976. Gross domestic product accelerated to a pace second only to the U.S. rate. The stock and bond markets proved world beaters with the best returns and most stability.

[…}

All of which helps make the economy stronger and technology the fastest-growing Canadian industry. While Canada’s GDP has grown 8% since 2015, its semiconductor business has expanded 11%; electronic products, 27%; computer systems 23%, and information technology, 36%, according to data compiled by Bloomberg. During the decade preceding 2015, when Canadian GDP grew 16.3%, the semiconductor business declined 26%; electronic products fell 13%; computer systems increased 48%, and information technology declined 38%.

[…]

Trudeau became the first prime minister to bring gender parity to his cabinet, a policy that encouraged corporate Canada to follow suit by promoting women into management at the fastest rate in the G-7 during the past 40 months. The percentage of female executives among the 242 companies in the Toronto Stock Exchange Composite Index increased 13.5% to 15.4%, an advance that beat Germany (1.8%), the U.S. (1.7%) and Japan (0.3%), according to data compiled by Bloomberg.

Read the whole article at Bloomberg »

Canada’s economy is humming

Matthew A. Winkler, writing for Bloomberg (paywall) »

Unemployment fell faster than in any developed nation during the 40 months that ended in May, to its lowest level since 1976. Gross domestic product accelerated to a pace second only to the U.S. rate. The stock and bond markets proved world beaters with the best returns and most stability.

Behind the robust health are data showing Canada transitioning to a technology juggernaut from a country defined by its dependence on fossil fuels. While the government continues to subsidize coal, gas and oil, which account for 77% of the nation’s energy needs, the correlation between the price of oil and Canadian stocks has all but disappeared since Trudeau became prime minister, according to data compiled by Bloomberg. The traditional interdependence of stocks and oil prevailed during the 10 years preceding his election.

and

The Canadian election on Monday may be too close to call. But no one can say Canada hasn’t changed for the better in the past four years.

Read the whole article at Bloomberg (paywall) »

One year ago » The Government of Canada legalized the production and sale of cannabis for non-medical purposes on October 17, 2018.

Prime Minister Justin Trudeau receives endorsement from President Barack Obama

Canadian and European health departments are sharing study results on new drugs and treatments online. Transparency advocates elsewhere want the same.

Barbara Mantel

This past March, Canada’s department of health changed the way it handles the huge amount of data that companies submit when seeking approval for a new drug, biological treatment, or medical device — or a new use for an existing one. For the first time, Health Canada is making large chunks of this information publicly available after it approves or rejects applications.

Within 120 days of a decision, Health Canada will post clinical study reports on a new government online portal, starting with drugs that contain novel active ingredients and adding devices and other drugs over a four-year phase-in period. These company-generated documents, often running more than 1,000 pages, summarize the methods, goals, and results of clinical trials, which test the safety and efficacy of promising medical interventions. The reports play an important role in helping regulators make their decisions, along with other information, such as raw data about individual patients in clinical trials.

So far, Health Canada has posted reports for four newly approved drugs — one to treat plaque psoriasis in adults, two to treat two different types of skin cancer, and the fourth for advanced hormone-related breast cancer — and is preparing to release reports for another 13 drugs and three medical devices approved or rejected since March. Continue reading

Canada adds 53,700 jobs in September with wages growing 4.3%

Canada’s labor market posted another strong advance in September and the unemployment rate continued it’s unexpectedly fall.

Bloomberg (paywall) »

Canada posted another surprisingly strong month of job gains in a labor market that is on track for one of its best years on record.

The economy added 53,700 jobs last month, Statistics Canada said Friday in Ottawa, following a gain of 81,100 in August. Canada has now added 358,100 since December, the most in the first nine months of a year since 2002.

The strong print will only reaffirm Bank of Canada expectations that the economy has developed a certain amount of resilience to trade headwinds and global economic uncertainties, giving it ammunition to buck the global trend of lower interest rates.

Kelsey Johnson, writing in Reuters »

The Canadian economy added a stronger-than-expected 53,700 net jobs in September, with all the gains coming in full-time work and largely driven by the services sector, Statistics Canada data showed on Friday, reducing analysts’ expectations for a central bank rate cut this month.

The national unemployment rate fell to a near-record low of 5.5%, from 5.7% in August, while wages for permanent employees rose 4.3% year-over-year. Analysts in a Reuters poll had forecast a gain of 10,000 jobs and an unemployment rate of 5.7%. Canada hit an all-time low jobless rate in May at 5.4%.

The Canadian dollar strengthened to C$1.3225 to the U.S. dollar, or 75.61 cents U.S., after the bigger-than-expected jobs gain.

Canadian Press via CTV News »

Canada’s unemployment rate nudged down to a near four-decade low last month, seemingly shrugging off global signs of an economic slowdown, but with economists warning that the numbers weren’t entirely rosy.

Statistics Canada’s monthly labour force survey showed the country added about 54,000 net new jobs in September, driven largely by gains in full-time work, and dropping the jobless rate nationally by 0.2 points to 5.5 per cent.

The numbers surpassed analysts’ expectations that the country would gain 10,000 jobs in September, according to financial markets data firm Refinitiv.

More » Wall Street Journal (paywall), CBC News

Video » Bloomberg

Very Canadian!

Travelweek.ca » Sandra Oh pokes fun at Canadian stereotypes in Air Canada’s new campaign

The campaign, which marks the airline’s first collaboration with Oh, pokes fun at how Canadians travel and interact with other cultures abroad. While walking through an airport, Oh is seen apologizing to strangers (a widely-regarded ‘Canadian’ trait), playing peacemaker between two fighting siblings by offering them a ready-made poutine, and enjoying Caesars at the bar with a Japanese businessman.

“When you travel with Air Canada, it’s as if you’re travelling like a Canadian,” she says. “No matter where you’re going, whether you’re Canadian or not, travelling like one can bring the world a little closer.”

« Older posts Newer posts »

© 2019 Canada Letter

Theme by Anders NorenUp ↑