The Canadian economy has wilted in the face of the U.S. trade war, weak oil prices, and rising borrowing costs. And now, the country is forecasted to reach 1.5 percent growth by the end of the year. Exports figures are expected to remain stagnant due to increasing protectionism among major economies, such as the United States and China.
At least 37 people were killed and 60 wounded Wednesday in Burkina Faso’s worst terrorist attack in five years. The victims of the attack were mostly workers of Canadian mining company, Semafo, which occurred in the east of the country. They were traveling in a five-bus convoy.
This week Canadian Prime Minister Justin Trudueau has been re-elected for a second term. Trudeau is the leader of the Liberal Party which was only able to form a minority government this term. Trudeau is disliked in Western Canada. After the election the new movement #Wexit (Western Exit) is gaining popularity on social media. Within 24 hours a Facebook page for VoteWexit.com gained over 200,000 members.
Many skilled Canadian professionals are finding news ways, utilizing online web services, to attain high levels of professional freedom combined with even higher earnings. David Rosenberg, a chief economist, was very bearish on the Canadian economy, putting odds of a recession at 80%, as slowing global growth swamps any future financial stimulus.
Prime Minister Justin Trudeau’s Liberal Party won Canada’s parliamentary elections Monday night. The party has, however, lost its absolute majority. “Tonight Canadians rejected division and negativity. They rejected cuts and austerity. They elected a progressive agenda and strong action on climate change,” said an evidently relieved Trudeau in his victory speech in Montreal.
After causing mass damages in the Bahamas, as well as North Carolina, Hurricane Dorian made landfall Saturday afternoon in Halifax, Nova Scotia. It uprooted trees, blew off roofs and disrupted electricity supply, leaving several in darkness. Hurricane Dorian reached the extreme east of Canada with strong winds on Sunday and left hundreds of thousands of people without power supply.
The 45th G7 (Group of Seven) Summit is being held from August 24–26, 2019, in Biarritz, France. The Group of Seven consists of the US, Canada, United Kingdom, France, Germany, Italy and Japan. France has identified the following main objectives for the 2019 Summit:
- A popular measure of the strength of the U.S. dollar is inching toward its highest level in almost two years, having carved out gains in the past two months. As the greenback marches higher, analysts who predicted its rise in the first quarter, have turned more bearish on bucks, making the case that “the top is in” for the U.S. dollar.
You may know that The Portland Loo isn’t just in Portland; there are several cities around the globe that host the unique standalone public restroom. In fact, the Portland Loo has been so popular in Canada, it was voted Best Bathroom in Canada several years ago! The win of the restroom that is sometimes referred to as “Langley Street Loo” in Victoria BC, was a victory over other celebrated washrooms all over the country.