Economy

Canada added 157,100 jobs, recovering from pandemic losses

Mohammad Sarris

Oct 10, 20211 min read

Canada added 157,100 jobs, recovering from pandemic losses

The unemployment rate was down to 6.9% in September due to the number of Canadians who entered the labour market

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Evergrande's troubling situation could lead to a global financial crisis

Mohammad Sarris

Sep 25, 20212 min read

Evergrande's troubling situation could lead to a global financial crisis

The giant Chinese property developer is on the brink of collapse and it could mean a global financial downturn

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Sep 3, 20213 min read

Constructing Benefits: Set Your Company Apart with Employee Perks

Construction companies should offer great incentives to attract and keep workers since the industry is considered one of the most dangerous

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Canadian household mortgage debt rose by $17 billion in April

Mohammad Sarris

Jun 22, 20211 min read

Canadian household mortgage debt rose by $17 billion in April

Canadian household mortgage debt increased to $1.69 trillion in April. Demand for homes and low-borrowing cost contributed to the increase

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Canada loses 68,000 jobs in May, unemployment rate rises to 8.2%

Mohammad Sarris

Jun 5, 20212 min read

Canada loses 68,000 jobs in May, unemployment rate rises to 8.2%

While the economy lost 68,000 jobs in May, it remains smaller than a month earlier. Canada will continue to transition out of the third wave

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Housing boom helps the Canadian economy grow by an annualized rate of 5.6%

Mohammad Sarris

Jun 2, 20211 min read

Housing boom helps the Canadian economy grow by an annualized rate of 5.6%

The demand for houses has actually driven growth in the first quarter. The boom puts the Canadian economy closer to a full recovery.

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Canada's most recent economic problem: Inflation

Mohammad Sarris

May 21, 20212 min read

Canada's most recent economic problem: Inflation

Canada could be entering a period of persistent inflation. This is fueled by increasing demand for commodities, record low interest rates

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The U.S. economy grew by 6.4% in the first quarter

Mohammad Sarris

May 1, 20212 min read

The U.S. economy grew by 6.4% in the first quarter

Vaccinations and federal stimulus money have paid off in the U.S., causing output to increase. The same case is also true in Canada.

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The optimistic federal budget promises reforms in different Canadian sectors

Mohammad Sarris

Apr 22, 20213 min read

The optimistic federal budget promises reforms in different Canadian sectors

The Canadian federal budget was announced on Wednesday with great projections in the Canadian economy, the Bank of Canada confirms.

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Air Canada reached a C$5.9 billion deal with Trudeau's government

Mohammad Sarris

Apr 13, 20211 min read

Air Canada reached a C$5.9 billion deal with Trudeau's government

Air Canada reached a deal with Trudeau's government for C$5.9 billion in loans and equity. This eases the tension between the two.

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What the shutdown of the Suez Canal has taught us and cost us

Mohammad Sarris

Mar 30, 20212 min read

What the shutdown of the Suez Canal has taught us and cost us

The Ever Given ship is finally free, which means at least 300 other ships can also go to their destination. However, the closure was costly.

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Mohammad Sarris

Mar 23, 20212 min read

UAE to issue residency visas for remote workers

The UAE announced that it will issue visas for remote workers. They can work remotely even if the company is not present in the UAE.

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Mohammad Sarris

Mar 14, 20212 min read

Ottawa, Quebec invest $100 million to build an electric vehicle plant in Montréal

The Federal and Quebec governments are investing $100 million dollars to help Lion Electric build an electric vehicle battery plant.

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A Statistics Canada report signaled economic resilience in Canada

Mohammad Sarris

Mar 12, 20212 min read

A Statistics Canada report signaled economic resilience in Canada

The Canadian economy added 259,000 jobs in February beating expectations. This resilience showed once provinces began lifting lockdowns.

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TD Bank to close 82 branches in the U.S. as part of focusing on digital.

Mohammad Sarris

Feb 27, 20211 min read

TD Bank to close 82 branches in the U.S. as part of focusing on digital.

Toronto-Dominion Bank announced that it will be closing 82 branches in the U.S. This move came as part of a “store optimization” in the...

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The triple seven airplanes have to take a break after an engine failure.

Mohammad Sarris

Feb 23, 20212 min read

The triple seven airplanes have to take a break after an engine failure.

The images and videos of the United Airlines flight’s engine shook us to our cores. The United Airlines flight was boarding from Colorado...

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How Saudi Arabia is delivering on its promise to diversify its economy

Mohammad Sarris

Feb 20, 20212 min read

How Saudi Arabia is delivering on its promise to diversify its economy

As the world’s biggest oil exporter, Saudi Arabia’s economy has relied on oil for many years. Oil still dominates Saudi’s GDP, exports,...

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Canadian economy persists through 2020, and 2021, Trudeau hopes

Mohammad Sarris

Feb 2, 20212 min read

Canadian economy persists through 2020, and 2021, Trudeau hopes

Last year was a difficult year for economies worldwide, including Canada. During the pandemic, governments had to impose a series of...

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The impact of COVID-19 on the fitness industry

Mohammad Sarris

Jan 19, 20212 min read

The impact of COVID-19 on the fitness industry

There is no doubt that 2020 was a rough year for national economies worldwide. Consequently, one industry that is specifically suffering...

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