Tag: Conference Board of Canada
Islam: Who wins and who loses with Canada’s holiday tax break?
Shahidul Islam, MacEwan University and Subhadip Ghosh, MacEwan University The federal government is giving Canadians a temporary tax break by exempting GST/HST on certain items during the holiday season from Dec. 14 to Feb. 15. The tax break applies to clothing, footwear, diapers, car seats, toys for children, jigsaw puzzles, physical video games, consoles and […]
London-area adds 3,000 new jobs as employment trend stays positive
The London-area economy added close to 3,000 jobs in November, but the regionâs jobless rate still edged up last month as more people looked for work, Statistics Canada reported Friday. In total, the London area, which also takes in St. Thomas, Strathroy and portions of Elgin and Middlesex County, added 2,700 new positions, marking the […]
Could big Trump tariffs slow London-area housing demand?
Industry watchers appear divided over the potential impact on Londonâs housing market of possible tariffs on Canadian exports to the U.S., especially if they lead to Volkswagen pulling the plug on its St. Thomas battery plant.
The city enjoyed a 3.2 per cent spike in the value of goods made here, called gross domestic product or GDP, in 2023. However, inflation and interest rates have taken hold to slow that to 1.7 per cent
London’s once hot economy remains âhealthyâ although it slowed this year to a steady pace that is expected to continue through 2025, says an economic report released Thursday. London enjoyed a 3.2 per cent increase in the value of goods made here, called gross domestic product or GDP, in 2023. However, higher inflation and interest […]