Description: Job gains announced last week were three times higher than expected. Statistics Canada was way off on its call of quarterly results for Gross Domestic Product. If Covid-19 hadn’t already thrown enough curve balls already, now you can include the notion that the economic results are even confusing the economists. The deputy chief economist… Read more »

Description: WestJet pilots have agreed to take a 50% pay cut to keep more of them working during these interesting times. Though WestJet originally thought the effect of the pandemic on air travel would force a reduction of about 1,200 staff, the pilots’ offer has cut the number to around 450. Actions like this across… Read more »

Description: April 22 marked the fiftieth anniversary of Earth Day. This year’s celebration did not see the usual events; these gatherings were shut down by the COVID-19 crisis. Swedish activist Greta Thunberg took the opportunity to point out that humanity is now fighting two crises at the same time: COVID-19 and global warming. Date:  April… Read more »

Description: Mortgage rates in Canada took a drop this week following the Bank of Canada’s 50 basis points cut to its rate. The site ratespy.com – https://www.ratespy.com/ – estimated that for each 1/2% cut in interest rates, Canadians would save $500 per year on each $100,000 borrowed. This is Canada’s lowest interest rate since the… Read more »

Description: As rail blockades continue in Canada, inventory is beginning to build up at major Canadian ports of Halifax, Montreal, and Vancouver. Atlantic Container Line (ACL) says 90% of its business usually moves out of ports by rail, but the current blockades are hitting the normal routes hard. ACL has started to move shipments to… Read more »