Author: Robb M. Stewart

The company is digging in on its plans to lay off as many as 500 workers at its Stelco operations as the government weighs legal options to protect workers.

Shipments increased 1.5% from the month before, marking a sixth rise in factory trade in the last seven months after a 0.3% dip in July.

The total value of building permits rose 8.8% from the month before to a seasonally adjusted 13.57 billion Canadian dollars, the equivalent of $9.55 billion, Statistics Canada said.

Gross domestic product was unchanged from the month before in July, snapping three straight months of expansion that included upwardly revised growth of 0.4% in June.

The country’s population rose by 0.5%, with numbers swelling at the lowest pace since World War II and by less than when border restrictions were in place to combat the spread of Covid-19.

Canada is implementing a tax change tied to the accelerated write off of capital equipment that attempts to move the country toward Prime Minister Mark Carney’s goal of attracting nearly $1 trillion of new investment.

Canada’s government has approved the development of what promises to be the largest nickel mine in the Western world, part of Ottawa’s efforts to fast-track major projects it hopes will bolster the economy and counter pressures from U.S. tariffs.