Canada’s job market added 90,000 positions in August, for the third consecutive monthly gain.
Statistics Canada says the unemployment rate fell 0.4 percentage points to 7.1 per cent, the lowest since the pandemic began.
The job gains were stronger than expected and reflect further reopening across the county to varying degrees. Indoor dining, personal care, entertainment, and recreation were back with capacity limits. Fully vaccinated Americans were also allowed back to Canada for non-essential trips without having to quarantine…read more.
On a residential back street of Houston, in a 150,000 square-foot warehouse safeguarding high-end vintage cars, 200 oil and gas execs and bitcoin miners mingled, drank beer, and talked shop on a recent Wednesday night in August.
These two groups of people may seem as though they are at opposite ends of the professional and social spectrums, but their worlds are colliding – fast. As it turns out, the industries make for compatible bedfellows.
Just take Hayden Griffin Haby III, an oilman turned bitcoiner. The Texas native and father of three has spent 14 years in oil and gas, and he epitomizes what this monthly meetup is all about…read more.
The Bank of Canada is leaving its target for the overnight rate at 0.25 per cent.
Its stimulus program known as quantitative easing (QE) is being maintained at a target pace of $2 billion per week.
Despite weaker than expected GDP data that showed a contraction in the second quarter, Canada’s central bank says the economy remains on track for now. It blamed the contraction on supply chain bottlenecks and an expected housing market slowdown…read more.
According to data released by Statistics Canada this week, Canadian investors acquired a record $57.2 billion in foreign securities during the spring months that constitute the second quarter of 2021.
The massive flow of investments were made by Canadian businesses, governments and big institutional investors, but also include individual retail investors either directly or through pensions, mutual funds and exchange-traded funds (ETFs).
It’s a sharp increase from the $40 billion invested by Canadians in the first quarter as investors plowed their cash into equities and debt securities like bonds.
StatsCan said the $20 billion invested in foreign debt securities was almost evenly split between corporate and government borrowers as Canadian investors scoured the globe for whatever meagre yields were being offered…read more.
Before we “reimagine capitalism,” which entails record levels of government control and regulation we should consider their track record.
Share your thoughts on this important topic. We will release the results of the survey on Monday. ~ Ed