[Source: Sustain The Mag]

In March of 2020, household-name corporations made record profits, while small business owners struggled to maintain their households. Over one year later, what can we do to support local business? And more pressingly, how do our leaders plan to help?

On March 11th of 2020, the World Health Organization addressed the public with a statement about COVID-19: “We have therefore made the assessment that COVID-19 can be characterized as a pandemic…It doesn’t change what WHO is doing, and it doesn’t change what countries should do.” In preparation for an unparalleled health crisis, political battle and economic state, Canada imposed its…

[Source: Thirdman on Pexels]

Pfizer’s stock prices have seen a large overall increase since March of 2020 — will the promise of additional doses of the COVID-19 vaccine ensure Pfizer financial sustainability?

As we enter the second year of the COVID-19 pandemic, Albert Bourla, Chief Executive Officer of Pfizer shares a thorough update of how the company intends to adapt with the virus. Pfizer, a pharmaceutical company that produces one of the most common COVID-19 immunizations, has provided relief to may countries by delivering vaccinations. Canada is set receive 1.5 million doses in March. Currently, Pfizer’s two-dose COVID-19 vaccine has 95% efficacy rate against…

Cartoonist: Lisa Benson

Deficit spending can be a divisive topic among economists and politicians, especially in times of crisis. Economic theories in support of deficit spending claim its use can revitalize a sluggish economic state. While some — like David Ricardo, who actively opposed deficit spending due to the consequential tax repercussions — believe deficit spending is dangerous. Like any policy or measure, deficit spending can be instrumental in maintaining a healthy economy, so long as its purpose is clear. …

JEC TORONTO — What can we learn from the largest oil collapse since 1983?

As the stockpile of oil grew, and consumer demand waned, the price of oil became negative on April 20th, 2020. Source: [NASDAQ]

The Sudden Dip Below $0USD

On April 20th of 2020, the world awoke to a seemingly ordinary day in quarantine, though something had fundamentally changed in the Stock Market — a phenomena of sorts: the price for a barrel of WTI Crude was $-37USD. For the first time since West Texas Intermediate (WTI) Crude’s trading history began in 1983, the price was negative (Paraskova, 2021). What exactly does that mean — not only for oil companies, for the global market, and most importantly, what could have caused this consequential collapse?

Every crash has its catalyst: a recent 30% reduction in…

Source: Pexels

When talking about both the global and domestic economy, especially hot topics like tariffs, outsourcing of labour and deficit spending, terms like ‘exchange rate’, ‘inflation’, and ‘interest rates’ are at the centre of the debate. These terms are all part of the field of macroeconomics, a word stemming from the Greek prefix ‘makro’ meaning large, combined with the Greek words ‘eco’ meaning “home” and ‘nomos’ meaning “accounts”. What exactly is macroeconomics, and where is it visible at work in the market? The truth is, it’s had a major effect on Canada and the world’s handling of the pandemic.

Macroeconomics analyzes…

A recent graph of Zoom stock values since the news of Pfizer vaccine candidate broke.

The story of Zoom: How it became a stock market topper and a quintessential representation of productivity in 2020; but could the success of another stock signal the end of its reign?

On November 9th, the pharmaceutical company Pfizer announced that its candidate for the Covid-19 vaccine was proven to be 90% effective in Phase 3 clinical trials. Within hours, the news prompted abrupt action in the stock market: as the price of Pfizer stocks skyrocketed to a high of 41.99USD per share, with an overall gain of over 5%, Chief Executive Officer Albert Boula sold 62% of his shares…

Alessandra Crisante-Crespo

Writer for the Toronto Junior Economist and the International Junior Economist

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