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Most Canadians say economy needs fundamental changes: report of COVID-19 priorities – News 1130

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VANCOUVER (NEWS 1130) — More than six months into the pandemic, many Canadians say the economy isn’t working the way it should, according to a survey.

A Better Canada: Values and Priorities after COVID-19 report found 44 per cent of Canadians think the way the economy works needs to be changed, and many people want more climate action.

The report from the Environics Institute and Vancity surveyed 3,008 Canadians online between Aug. 17 and 24.

“There is a big appetite among the public for change,” Andrew Parkin, with Environics Institute, says. “They want to see the economy work better, they want to address inequality between rich and poor, they would like to see progress on making essential medicines free through the public health care system.”

He says about one in 20 people believe everything is fine the way it is.

“One of the things I found interesting is that even among those who are the highest income earners, fewer than one in 10 think the economy is fine the way it is.”

And when it comes to the environment, there is a lot of support for investing in clean energy technologies.

“They want to kickstart the economy by investing in green technologies or new businesses that can promote both the environment and growth at the same time,” Parkin says.

Even if it slows down economic development, the survey found three in four Canadians want the environment to be protected in the country. Eighty-four per cent also say it’s important for corporations to have policies and programs in place to protect the environment.

According to the report, almost all parents agree Canada should be a country where affordable and high-quality daycare for young children is available to all who need it.

Read the full report:

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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September 13, 2024

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Statistics Canada reports wholesale sales higher in July

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September 13, 2024

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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September 12, 2024

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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