Statistics Canada said its national balance sheet and financial flow accounts, which provide a quick overview of aggregate household wealth trends, will continue to be released on a quarterly basis. (Credit: TONY CALDWELL, Postmedia.)
It’s Wednesday, May 20. Here are the top stories we’re following today.
Statistics Canada will no longer publish detailed quarterly data breaking down the economic well-being and financial stability of Canadian households, a move some economists warn could cloud the picture of wealth distribution at a crucial time.
Prioritizing defence projects will both address emerging threats and create the conditions needed for economic growth and social development, said Harry Culham.
Ottawa’s push to expand its defence sector is one of the most significant financing initiatives in Canada’s history, says the head of Canadian Imperial Bank of Commerce. “Let me be clear: we recognize the urgency of this moment,” Harry Culham said at a CIBC defence summit on Wednesday. “This presents a once-in-a-generation opportunity to invest in our economy.”
Global Infrastructure Investor Association’s recent poll places Canada at the top of its rankings, thanks to a series of recent announcements by the Canadian government.
Canada ‘world’s most attractive market for infrastructure investment’, poll says
Canada has surpassed the United States, emerging as the “most attractive market for infrastructure investment,” according to a survey of leading investors in the sector. Global Infrastructure Investor Association’s recent poll places Canada at the top of its rankings, thanks to a series of recent announcements by the Canadian government.
Summer job listings stabilizing after three-year decline, but market still ‘soft’
Summer job postings are stabilizing after a three-year decline, says a new report from Indeed Hiring Lab, but young Canadians are once again being sprung from school into another “soft” labour market.
A Canadian Armed Forces member stands near a CC-177 Globemaster III at CFB Trenton, Ont.
Why Canada is the best home for a global defence bank
Dominique Babin, partner at Dentons, talks to Financial Post’s Larysa Harapyn about how the Defence, Security and Resilience Bank will work.