Charles Souza: Facebook
#CharlesSousa, #StatisticsCanada, #GrossDomesticProduct, #GDP, #InternationalMonetaryFund, #IMF
Ottawa, Aug 14 (Canadian-Media): 2017-18 First Quarter Finances released yesterday by Ontario government confirmed Ontario’s budget to be on track to balance the budget this year, with total revenue of $141.8 billion, up $145 million from the 2017 Budget, a news release report said.
Ontario would be able to invest, continued the release, in the programs and services needed most by the people and families including better health care, opening of new hospitals and free prescription medications for everyone under 25 through OHIP+: Children and Youth Pharmacare.
Approximately 100,000 more kids will have access to high quality, licensed child care, the release continued, and seniors can stay active and engaged in their communities, with access to new and improved facilities.
“Supporting ongoing economic growth is a top priority for our government. We are encouraged by the influx of many innovative and dynamic businesses that are investing across the province, bringing good jobs, higher wages and greater prosperity to our communities. We will continue to implement our balanced plan to build a healthy and sustainable economy for all of Ontario,” Charles Sousa, Ontario Minister of Finance was quoted by the release.
Ontario’s real gross domestic product (GDP), reported by Statistics Canada increased 1percent in the first quarter (January, February, March) of 2017 -- with solid growth in business investment and consumer spending, following a 0.5 percent increase in the fourth quarter of 2016.
Based on production by industry, reported Statistics Canada, Ontario real GDP expanded 1.3% in the first quarter, following a gain of 0.3% in the previous quarter. Both the goods (+1.7%) and service (+1.2%) industries contributed to first quarter growth.
Ontario’s net debt-to-GDP ratio for the year is reportedly projected to be 37.5 percent, unchanged from the 2017 Budget forecast.
Ontario's real GDP growth of one percent in the first quarter of 2017, outperformed that of Canada, the United States and all other G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) which are seven major advanced economies as reported by the International Monetary Fund (IMF).
Created in 1945, said official reports, IMF is governed by and accountable to the 189 countries to foster cooperation between global monetary fund in securing financial stability to facilitate international trade and reduce poverty around the world.
Ontario’s employment reportedly advanced by 3,700 in the second quarter of 2017, following a gain of 36,400 in the first quarter.
As of July 2017, Ontario’s unemployment rate is reported to be 6.1 percent and has been below the national average for 28 consecutive months.
(Reporting by Asha Bajaj)
#CBSCorp, # ColumbiaBroadcastingSystem, # digitalstreamingservice, # CBSAllAccess, # LeslieMoonves
Toronto, Aug 9 (Canadian-Media): An American commercial mass media company, CBS Corp -- that creates content and distributes it to audiences, around the world, across a variety of platforms -- had been planning to expand its digital streaming service in Canada in 2018, media reports said.
CBC, earlier known as Columbia Broadcasting System (CBC) is a broadcast television network that is a flagship property of CBS Corporation, official reports said.
Its businesses reportedly include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia.
CBS All Access -- an over-the-top subscription streaming video on demand service owned and operated by CBS -- was launched in the US in October 2014 and gave access to subscribers to watch the network's entire catalogue of more than 9,000 episodes with expectations of four million subscribers by the end of the year, CBCNews reports said.
CBS All Access is expected to allow subscribers, continued the reports, to access CBSN, a 24/7 news service's select specialty channels owned by CBS, such as Showtime -- without needing a cable television subscription -- from the network's daytime, prime time and late-night content.
"CBS All Access is growing faster than we anticipated domestically, and now represents a whole new opportunity internationally as well," CBS chair Leslie Moonves said.
"By going direct to consumer around the world, we will facilitate new connections between the global audience and our industry-leading premium content," News reports said.
Like Netflix, said the reports, different shows would be available at different times in different regions subject to the type of license-sharing deals signed by the subscribers.
Digital rights to many CBS shows in Canada are owned by Canadian broadcasters because some CBS shows are already available on Netflix in Canada.
Bell Media, for example, had acquired -- reported last year -- the exclusive rights to the forthcoming CBS Show Star Trek: Discovery in Canada and the show, it was announced, would be later available to stream on Bell's streaming service, CraveTV.
But uncertainty looms regarding the quantity and availability of CBS's current, future or past offerings at launch.
The outcome of content that's already available on other services, said reports, was also uncertain.
The cost of the service is $5.99 US a month in the US and pricing details for Canada was not mentioned in CBS's release on Monday.
Canada had been identified as the first foreign market more details are pending.
(Reporting by Asha Bajaj)
Brad Duguid: Twitter
#StatisticsCanada, #LabourForceSurvey, #Gross Domestic Product, #GDP
Ottawa, Aug 07 (Canadian-Media): Ontario’s economic boost by an addition of 25,500 Jobs in July (17,600 full-time jobs and 7,900 part-time jobs) resulting in Ontario’s strong economical growth and pushed unemployment rate below the national average for 28 consecutive months, media reports said.
The unemployment rate declined, according to Statistics Canada’s Labour Force Survey of July 2017, by 0.2 percentage points to 6.3 percent, the lowest rate since October 2008.
Increase in Ontario's employment by 137,900 year over year, continued the release, was mainly due to gains in the information, culture and recreation, wholesale and retail trade and business, building and other support services sectors.
This resulted in an increase in employment in many economic regions of Ontario such as Muskoka-Kawarthas, Hamilton-Niagara Peninsula and Kitchener-Waterloo-Barrie which showed 11.2 percent, 5.3 percent and 4.9 percent increase respectively.
Ontario's real Gross Domestic Product (GDP) grew one percent in the first quarter of 2017, according to 2017 First Quarter Ontario Economic Accounts, outpacing Canada, the United States and all other G7 countries -- United States, United Kingdom, France, Canada, Italy, Japan and Germany represent the world's largest industrialized economies -- boosting real GDP posted in the fourth quarter of 2016 by 0.5 percent.
“Our government has made economic growth and job creation our top priority, and our efforts are clearly paying off. We have worked hard to ensure an economic environment that is positive and allows the private sector to create good jobs and drive economic growth,” said Brad Duguid, Ontario Minister of Economic Development and Growth.
Increased business investment of 5.5 percent, the official reports said, upsurge in residential construction by nearly eight percent and consumer spending were the main forces behind the overall GDP increase.
Ontario’s efforts in simplifying businesses, according to 2017 Burden Reduction Report, to comply with modern regulations resulted in $29.3 million in savings, bringing the total amount of burden reduction savings to $152 million since 2011.
In an effort to decline net debt-to-GDP, the 2017 Ontario budget reports said,
“Like many jurisdictions around the world, the government responded to the global economic recession…to stimulate economic growth, supporting jobs for Ontarians…these stimulus investments helped lift Ontario out of the economic recession, they also resulted in a rise to the net debt-to-GDP ratio starting in 2008–09…The net debt-to-GDP ratio is projected to be 37.8 per cent in 2016–17 and is expected to continue to decline. The government is setting an interim net debt-to-GDP ratio target of 35 per cent by 2023–24 and continues to maintain a target of reducing the net debt-to-GDP ratio to its pre-recession level of 27 per cent, with current projections showing that this will be achieved by 2029–30.”
Ontario’s ‘Fair Workplaces and Better Jobs’ had a clear goal of $15 minimum wage and equal pay for part-time and full-time workers.
The government will continue to work with business, said the report, to ensure Ontario's competitive economic environment continues to support the creation of new, good jobs for people across the province.
Employment in 2017 is forecast to increase, the official reports said, by 1.3 percent, which would result in 94,000 new jobs.
Ontario's employment in 2016 increased by 1.1 percent, equaling 76,400 net new jobs.
There was an increase of 5.3 percent new motor vehicle sales in Ontario over the first five months of 2017, compared to the same period in 2016.
Ontario's Wholesale trade rose 9.3 percent over the first five months of 2017, compared to the same period in 2016.
‘The Changing Workplaces Review — Final Report’ recommended creation of better workplaces in Ontario with good working conditions, with a better knowledge and understanding of basic rights and obligations and compliance with the law.
(Reporting by Asha Bajaj)