Tag: growth

Canada, economic growth below expectations

TORONTO – The Canadian economy grew at an annual rate of 3.3% in the second quarter (in the first quarter it had grown by 3.1%), below the estimate of an annualized growth of 4.6%: this is what emerges from the latest monthly and quarterly real gross domestic product reports, released today by Statistics Canada, which show how the economy expanded for the fourth consecutive quarter, driven by rising business and household spending, but below the expectations. 

Ontario, hospitalizations doubled in 24 hours. The Minister: “Explosive growth”

TORONTO – An “explosive” growth, as the office of the Ontario Minister of Health, Christine Elliott, defined it: today provincial health officials recorded the presence of 2,081 people hospitalized for Covid-19 (288 are in intensive care), with an impressive jump, in just 24 hours, from the 1,290 patients of which 266 in the intensive care unit) on Tuesday – numbers moreover partial, given that the minister herself reported that about 10% of hospitals did not report the number of their patients. Anyway a worrying figure, as well as that of deaths, as many as 14 in a single day, which bring the total of victims in Ontario, from the beginning of the pandemic, to 10,252.

“No to future lockdowns, economic growth without spending cuts”

TORONTO – The countdown to next June’s vote has already begun. To kick off the unofficial election campaign was today the Speech from the Throne held in Queen’s Park by Deputy Governor Elizabeth Dowdeswell, with which the executive led by Doug Ford has drawn up an overall assessment of the fight against Covid-19 in the last 18 months and, at the same time, has illustrated the priorities for the province in these last eight months of legislature before the appointment at the polls. 

Power up the economy with growth in the job market

With the elections in the rear-view mirror, the focus for Canadians is on the path forward. Part of that includes a government working towards ending to the pandemic, improving affordability and sustainability while stepping up economic recovery efforts and creating better jobs.

The latest job numbers by Statistics Canada suggest Canada is on track. Data shows the economy added 90,200 jobs last month.