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Top related persons:
Dennis Darby - 2 Steve Scherer - 2 Macklem - 1 Derek Holt - 1 tightens - 1 Holt - 1 Doug Porter - 1 Fergal Smith - 1
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Canadian Manufacturers - 2 Thomson - 2 Bank of Canada - 1 Reuters Graphics Reuters - 1 BoC - 1 Scotiabank - 1 Federal Reserve - 1 Fraser Institute - 1

Search resuls for: "Dennis Darby"


3 mentions found


☆ Analysis: Canada's losing productivity streak adds to inflation problem
  + stars: | 2023-09-21 | by ( Fergal Smith Steve Scherer | Fergal Smith | Steve Scherer | ) www.reuters.com   time to read: +3 min
The Canadian central bank had expected productivity, or output per hour worked, to improve as the economy recovered from the COVID-19 pandemic. Instead, it has fallen in eleven of the last 12 quarters, taking it back to its 2016 level. It also stands to add to unit labor costs, a key measure of inflation pressures coming from higher wages. "Our own forecast is that productivity growth will turn around, but that is a risk to the outlook and if productivity growth continues declining it will make it more difficult to get inflation back to target," Macklem said. The central bank has forecast that inflation will return to its 2% target in the middle of 2025.
Persons: Macklem, Derek Holt, tightens, Holt, Dennis Darby, Doug Porter, Fergal Smith, Steve Scherer, Deepa Babington Organizations: Bank of Canada, Reuters Graphics Reuters, BoC, Scotiabank, Federal Reserve, Canadian Manufacturers, Fraser Institute, BMO Capital Markets, Thomson Locations: Canadian, Canada, freefall, United States, Toronto, Ottawa
☆ Canada risks more than C$50 billion in clean tech as incentives in limbo
  + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com   time to read: +4 min
OTTAWA, Sept 18 (Reuters) - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. The government "urgently needs to get as much of this out the door this fall as possible." Masterson says there are "well beyond C$25 billion of proposed investments" in more than a dozen projects in his industry that are waiting for the incentives. An additional C$17 billion in ITCs for clean hydrogen, electricity and manufacturing were announced six months ago and those are at an earlier stage. Adam Auer, president of Cement Association of Canada, said his members have "billions" in projects that are waiting on the ITCs.
Persons: Justin Trudeau's, Bob Masterson, Masterson, Trudeau, Dennis Darby, Darby, Adam Auer, Rachelle Schikorra, Steve Scherer, Timothy Gardner Organizations: Canada, Justin Trudeau's Liberal, Chemistry Industry Association of Canada, Canadian Manufacturers, CME, Cement Association of Canada, Dow Chemicals, Reuters, Thomson Locations: OTTAWA, United States, U.S, Exshaw , Alberta, Canada, Fort Saskatchewan , Alberta
☆ Recession or not, Canadian employers look to hang onto workers
  + stars: | 2022-11-11 | by ( Steve Scherer Julie Gordon | Steve Scherer | Julie Gordon | ) www.reuters.com   time to read: +4 min
In October, the economy added a net 108,300 jobs, and wages growth climbed to 5.5%, even as the economy began to stall. Up until a few months ago, Kriska's 1,200 employees were too few to keep up with demand, Seymour said. Dennis Darby, who heads Canadian Manufacturers and Exporters business lobby, says there are still some 80,000 vacancies in manufacturing. Reuters GraphicsONE MILLION JOBSCanada has nearly a million open jobs and just over a million unemployed people. As global supply chain bottlenecks dissipate, labor demand will rebound in sectors that have a backlog of orders due to forced production cuts.
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