Economy news

The Bank of Canada and Statistics Canada both produce aggregate measures of borrowing, or credit, for various sectors of the Canadian economy. The Statistics Canada measures are part of the National Balance Sheet Accounts (NBSA), which cover the entire economy and directly align with the internationally recognized national accounting principles detailed in the United Nations System of National Accounts. The NBSA are available by sector, as currently defined in the Canadian System of Macroeconomi

For a few all-too-fleeting years, Mark Taylor believed in the future of Alberta’s oil and gas industry. Armed with his petroleum systems engineering degree from the University of Regina, Taylor landed a job at a Calgary energy services company in 2011. The money was good, and the role was exactly what he had trained for. Then came the industry downturn in 2014. Oil prices plummeted and the inevitable followed: Taylor became a casualty of his employer’s second round of layoffs in Janu