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It’s Wednesday, May 20. Here are the top stories we’re following today.
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Statistics Canada will no longer publish detailed quarterly data breaking down the economic well-being and financial stability of Canadian households, a move some economists warn could cloud the picture of wealth distribution at a crucial time.
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Ottawa’s push to expand its defence sector is one of the most significant financing initiatives in Canada’s history, says the head of Canadian Imperial Bank of Commerce. “Let me be clear: we recognize the urgency of this moment,” Harry Culham said at a CIBC defence summit on Wednesday. “This presents a once-in-a-generation opportunity to invest in our economy.”
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Canada has surpassed the United States, emerging as the “most attractive market for infrastructure investment,” according to a survey of leading investors in the sector. Global Infrastructure Investor Association’s recent poll places Canada at the top of its rankings, thanks to a series of recent announcements by the Canadian government.
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Summer job postings are stabilizing after a three-year decline, says a new report from Indeed Hiring Lab, but young Canadians are once again being sprung from school into another “soft” labour market.
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Dominique Babin, partner at Dentons, talks to Financial Post’s Larysa Harapyn about how the Defence, Security and Resilience Bank will work.
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