The Awl, an alternative news Website, has charted the circulation numbers of major U.S.-based newspapers – The Wall Street Journal, The New York Times, Los Angeles Times, The Daily News, Washington Post and The New York Post – going back to 1990.
Read The Awl’s story: A Graphical History of Newspaper Circulation Over the Last Two Decades
Read The Awl’s associated story: How are Newspapers Reporting on Newspaper Circulation
Below: The Awl circulation chart
As the Canadian dollar inches towards parity with its U.S. counterpart, the Bank of Canada announced today it will keep the interest rate at its current unprecedented low level for the near future.
While this is good news for consumers and domestic trade, it means that the dollar will likely stay high, reducing the attractiveness of Canadian exports on the world market.
“Heightened volatility and persistent strength in the Canadian dollar are working to slow growth and subdue inflation pressures,” the Bank of Canada said in a statement. “The current strength in the dollar is expected, over time, to more than fully offset the favourable developments since July.”
The key policy rate is expected to stay at 0.25 percent until June 2010.
The Bank will update its Monetary Policy Report on Thursday, which will detail its outlooks and projections on the economy.
A joint study by the Financial Post and the Canadian Federation of Independent Business has ranked the most business-friendly cities in Canada. This year, the second year of the study, had Saskatoon take the top position.
The Canadian Federation of Independent Business ranks cities by "policy, which encompasses tax and regulatory policies; presence, which reflects the concentration of entrepreneurs and business startups; and perspective, which gauges the optimism and success of actual small business owners."
Cities in Quebec also ranked favourably along with cities in Saskatchewan in the study while Toronto was dead last, at 96. Toronto suburbs fared better, leading the National Post to call Toronto the "bedroom community of the 905." Markham ranked 33rd on the list.
High municipal taxes are a major factor determining the friendliness of cities. Toronto has a property tax rate for businsses roughly 4.5 times that of a comparable residential whereas Saskatoon's rate is 1.75 times.
According to a report released today by the Royal Bank, the Canadian economy will return to growth this fall after experiencing a drastic downfall in the last three quarters.
"Improved financial markets, low borrowing rates and fiscal stimulus have moved Canada's economy forward," said Craig Wright, senior VP and Chief Economist, RBC. "We expect that Canada's recession will turn out to be the least severe of the past three, even after the consecutive hefty drops in GDP output from late 2008 and early 2009."
The projections are based on the trends in the second quarter, which saw the slowdown of the decline. Interest rates are projected to remain low for the rest of the year, with gradual increases in 2010.
A chief driver of the North American upswing will be the automotive sector, especially the increased demand due to the cash-for-clunkers program (GM Canada announced a similar clunker campaign today). The housing market is also growing due to the low interest rates. Wholesale, retail, and manufacturing sales have also seen a modest increase in June, the first rise in 10 months, according to the report. Businesses made cuts to spending plans, but also got easier access to credit.
The full RBC report can be obtained here.
RRD lands new marketing service agreement with Canadian retailer SobeysR.R. Donnelley & Sons Company (RRD) today announced a new…
Postmedia to stop printing 9 newspapersUnifor is urging the federal government to speed up policy…
Sharks honoured on new Canadian postage stampsJust in time for Discovery Channel's Shark Week, Canada Post…
Canon Canada welcomes Phil HampsonCanon Canada is welcoming Phil Hampson to the role of…
Labelexpo Americas 2018
September 25-27, 2018
PAC to the Future II, Retail Reinvented
September 26-27, 2018
September 30-2, 2018
Ghent Workgroup Graphic Arts Workshop
October 9, 2018
October 18-20, 2018
Digital Packaging Summit 2018
November 5-7, 2018