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Zombie firms gnawing on Canadian productivity
Studies suggest that Canada may have a bit of a zombie problem; not the brain or flesh-eating type, but zombified businesses that gnaw on national productivity, suppress wages and constrain the growth of healthy firms.
Ramadan: Time of reflection and spiritual devotion
Ramadan, one of the five pillars of Islam, takes place during the ninth month of the Islamic calendar to commemorate the revelation of the Qur’an to the Prophet Muhammad.
Today, we recognize Canada’s Muslim population who are preparing to welcome the Islamic holy month, which starts this week.
The condo market in Toronto and Vancouver: A home, an investment and increasingly a rental property
While a condo remains a home for the majority of condos owners, approximately half of new condos built in Toronto and Vancouver since 2016 are used as investment or rental properties.
Languages of work in New Brunswick
In Canada, New Brunswick is the only officially bilingual province. However, since 2001, the proportion of workers who primarily use French at work has been declining. Among the province’s workers, 20.1% primarily used French at work, 75.9% primarily used English and 3.9% used English and French equally.
The traditional credit card debt hangover following the holidays, or something more ominous?
Canadians added over $800 million to their credit card debt in December, bringing the outstanding debt to a record high $91.5 billion. On a year-over-year basis, credit card debt with chartered banks grew 13.8% by the end of December 2022.
A look at Canada’s economy and society three years after the start of the pandemic
March 11, 2023, marked three years since the start of the COVID-19 pandemic. COVID-19 is still around and continues to spread widely across Canada and in many other countries. In this article, we highlight some major economic and social trends that continue to impact the lives of Canadians.