All Economy stories

Next round is on the groom

As the post-pandemic wedding boom picks up in Canada, so are bachelor and bachelorette festivities. The only problem? They’ve become more expensive than ever (thanks, inflation). 
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The CPPIB’s last quarter could have been worse

The Canada Pension Plan Investment Board (CPPIB) posted a loss of 4.2% last quarter, or roughly $16 billion—that sounds bad, but it actually outperformed the market (the S&P/TSX Composite Index fell nearly 9% in the same time frame) and other Canadian pension plans.
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What Biden’s climate bill means for Canada

The US Senate passed large parts of President Biden’s domestic agenda yesterday in a landmark bill that will spend almost US$400 billion on clean energy programs and put the White House’s climate goals within reach.

Why it matters: As a former Prime Minister once said, living next to the United States “is like sleeping with an elephant [...] one is affected by every twitch and grunt.” And hundreds of billions of dollars in new spending—quite a bit more than a twitch—is going to reverberate through Canada’s economy. 
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Major miner problems

Over 1,000 miners in Nunavut could be out of a job come September as a major mine that accounts for almost a quarter of the territory’s economy might be forced to shut down. 
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Canadian grain bounces back

CN Rail is predicting a rebound in grain shipments after a bad Canadian harvest last year—a 48% year-over-year increase in the tonnes of grain moved for the current crop year, in fact.
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