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economic growth

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Alberta needs new operations centre to manage disasters: minister

April 27, 2017 John Cotter - THE CANADIAN PRESS

EDMONTON – Alberta is looking at building a new operations centre to better manage how it responds to disasters such as the Fort McMurray wildfire. Municipal Affairs Minister Shaye Anderson said the need for a larger and more modern nerve

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Global insurance industry to see “slightly increased” growth by 2018, P&C premium volume to grow by 4% on average: Munich Re

April 20, 2017 by Canadian Underwriter

The global insurance industry is likely to see slightly increased growth by 2018, Munich Re reported on Thursday. Munich Re said in a press release that better economic prospects in the United States and in many emerging markets will offset

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Canadian auto sales to edge down in 2017: Scotiabank

February 7, 2017 by Canadian Underwriter

Canadian auto sales are expected to edge down to 1.94 million units in 2017, coming off four consecutive record years, according to the Scotiabank Global Auto Report, released on Tuesday. Despite the beginning of a sales recovery in the resource-rich

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Global economy to post best performance in three years, Canadian growth to accelerate over next two years: Scotiabank

January 17, 2017 by Canadian Underwriter

The global economy is projected to post its best performance this year since 2014, while growth in Canada in expected to accelerate over the next two years, according to Scotiabank’s Global Outlook, published on Tuesday. While geopolitical risks abound, recent

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Bank of Canada keeps key rate at 0.5% amid stronger yet uncertain global economy

December 7, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty. In making the scheduled announcement Wednesday, the central bank said its decision

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Preparing Canada for inevitable earthquake recognized as a national social and economic threat: IBC’s Forgeron

November 22, 2016 by Canadian Underwriter

Preparing Canada for an inevitable earthquake is a priority for the insurance industry, as this is recognized as a “national social and economic threat,” said Don Forgeron, president and CEO of the Insurance Bureau of Canada (IBC), in response to

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Ontario, Quebec and California hold “linked carbon market” meeting at COP22

November 16, 2016 by Canadian Underwriter

The governments of Ontario, Quebec and California held a tri-lateral meeting on Wednesday to further efforts to reduce greenhouse gas (GHG) emissions while boosting economic growth by linking cap-and-trade programs and expanding carbon markets. Ontario’s Minister of the Environment and

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Low oil prices a double-edged sword for Canadian economy: KPMG seminar speaker

October 24, 2016 Jason Contant, Online Editor

Low oil prices continue to present a major challenge for the Canadian economy, but they could be viewed as a “positive shock” for some jurisdictions and the economy of the United States, a speaker suggested on Monday at KPMG’s annual

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Liberal government defends LNG project approval, says impacts will be monitored

September 29, 2016 by Canadian Underwriter

OTTAWA – The Liberal government is defending its conditional approval of a massive liquefied natural gas project in northern British Columbia by pointing to what it calls a “historic partnership” on monitoring environment impacts. But critics are accusing Prime Minister

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Bank of Canada raises concerns about economy, holds interest rate at 0.5%

September 7, 2016 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year. “While the strength in