Statistics Canada has announced that it will no longer publish detailed quarterly data on household wealth, a move that economists warn could obscure wealth distribution trends. The national balance sheet and financial flow accounts, which provided a quick overview of aggregate household wealth, will continue to be released quarterly but with less detail. Critics argue this could lead to costly mistakes in policy and investment decisions.
CIBC calls defence spending a once-in-a-generation opportunity
Harry Culham, head of the Canadian Imperial Bank of Commerce, described Ottawa's push to expand the defence sector as a historic financing initiative. Speaking at a CIBC defence summit, he emphasized the urgency of investing in defence projects to address emerging threats and foster economic growth. This comes as the Canadian government prioritizes defence spending amid global security concerns.
Canada tops global infrastructure investment rankings
According to a recent poll by the Global Infrastructure Investor Association, Canada has surpassed the United States as the most attractive market for infrastructure investment. The survey credits recent government announcements and stable policies for this shift, making Canada a top destination for investors seeking long-term opportunities.
Summer job postings stabilize after three-year decline
Indeed Hiring Lab reports that summer job listings are stabilizing after a prolonged decline. However, the market remains soft, with young Canadians facing a challenging labour market upon graduation. The report suggests that while the worst may be over, recovery is still fragile.
How NATO's defence bank will work
Dominique Babin, a partner at Dentons, explains the mechanics of the Defence, Security and Resilience Bank. This institution aims to finance defence projects across NATO member states, leveraging Canada's strong position as a host. The bank will provide loans and guarantees to bolster military capabilities and infrastructure.
