Tag: economy

Canadian economy resilient despite global uncertainty

Different paths for different economies Canada and the United States both drastically cut interest rates during the global financial crisis to stimulate their economies. After the initial shock, we took different approaches to getting our economies back on track. This is because the impact of the crisis and its aftermath was different in each country.…

Heavyweights Uber, Foodora in separate battles that could impact gig economy

Hearings are underway in two precedent-setting battles over the future of the Canadian gig economy and workers’ rights, with the practices of two of the sector’s biggest heavyweights — Uber and Foodora — under scrutiny. The Supreme Court heard opening arguments Wednesday in an appeal that will determine whether Uber can require drivers to lodge…

Consumers support U.S. economy as business spending slumps

WASHINGTON (Reuters) – U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession. The Federal Reserve cut interest rates for the third time this year on Wednesday amid lingering threats to the longest…