Davos chief welcomes views of Trump, Greta Thunberg at forum

GENEVA, SWITZERLAND -- The head of the World Economic Forum says it's "reassuring" that U.S. President Donald Trump and climate activist Greta Thunberg will both return to its annual meeting in Davos this year, noting that concerns about the environment will be a key topic.

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Latest Economic News

  • Want the government to go Dutch on your dinner tab? Restaurants pitch relief plan to help them survive

    Economic CBC News
    With support from a swath of pandemic relief measures set to expire this fall, a national restaurant association wants the government to consider a new way to support its struggling industry. Restaurants Canada, which represents 30,000 of the 97,000 restaurants, bars and caterers across the country, has asked the prime minister to look at subsidizing customer meals as a direct form of economic stimulus. Source
  • CMHC is sprucing itself up with a reno and paint job, starting with its name

    Economic CBC News
    The Canada Mortgage and Housing Corp. will be getting a new name in the coming months, part of a larger rebranding by the federal housing agency to better reflect its changing mandate. The head of the Crown corporation says the decades-old name overemphasizes the financing of home ownership and does not do enough to highlight housing affordability. Source
  • Canadian airlines cancelling flights again as hoped-for bounceback in demand fizzles

    Economic CBC News
    Canadian airlines are cancelling hundreds of flights as hopes for a spike in demand fall flat, snarling plans for the few passengers who remain. Figures from flight data firm Cirium show Air Canada and WestJet have cancelled at least 439 flights so far this month. Source
  • Retail sales grew by 0.6% in July, now back to where they were before COVID-19

    Economic CBC News
    Canadians spent more at stores in July than they did in June, the third straight month of gains after a precipitous plunge because of COVID-19 lockdowns in the three months before that. Statistics Canada reported Friday that Canadians spent $52.9 billion at retailers in July, a 0.6 per cent increase from June's level. Source
  • End of the runway? Fashion world mulls post-COVID future

    Economic CTV News
    LONDON -- It's the September fashion week season, and in any other year London would be abuzz with fashionistas zipping across town in Mercedes Benzes, hobnobbing with celebrities at glittering catwalk shows before sipping champagne at late-night parties. Source
  • Statistics Canada says retail sales rose 0.6 per cent in July

    Economic CTV News
    OTTAWA -- Statistics Canada says retail sales rose 0.6 per cent in July to $52.9 billion, helped by higher sales at motor vehicle and parts dealers and gasoline stations. Economists had expected an increase of 1.0 per cent for the month, according to financial markets data firm Refinitiv. Source
  • Retail sales 'hit a wall' in July after two months of significant gains

    Economic CTV News
    OTTAWA -- Retail sales in Canada "hit a wall" in July after big gains in May and June, a sign that the economic recovery could be slow and bumpy. Statistics Canada said Friday overall retail sales in July rose 0.6 per cent to $52.9 billion, helped by higher sales at motor vehicle and parts dealers and gasoline stations, after posting gains of more than 20 per cent in both May and June. Source
  • Statistics Canada says wholesale sales reached record high in July

    Economic CTV News
    OTTAWA -- Statistics Canada says wholesale sales rose 4.3 per cent in July to a record high of $65.0 billion, boosted by the motor vehicle and motor vehicle parts and accessories subsector. Economists had expected an increase of 3.5 per cent in July, according to financial markets data firm Refinitiv. Source
  • Pattie Lovett-Reid: Five warning signs you are in over your head financially

    Economic CTV News
    TORONTO -- We have all heard the warnings and the reality is one of the financial safety nets provided by the government via the CERB is coming to an end on the September 26. But before you panic, automatic enrolment into an modified EI program will be available to those who qualify. Source
  • U.S. bans WeChat, TikTok, citing national security reasons

    Economic CBC News
    The U.S. Commerce Department will roll out a ban of transactions in the United States using TikTok and WeChat starting Sunday. The order Friday was put into place, according to Commerce Secretary Wilbur Ross, to "combat China's malicious collection of American citizens' personal data. Source