Business Update – 22 February 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rate cuts would ease housing supply constraint, Fraser suggests Cuts to interest rates in Canada may lead to better housing supply, Housing Minister Sean Fraser suggests. As pandemic bills come due, are Canada’s small businesses in danger? How many mom-and-pop shops on our main streets are destined to disappear in the coming…  Read more

Business Update – 15 February 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy added 37,000 jobs in January as unemployment declines to 5.7% Canada’s economy added 259,000 jobs in February, surpassing expectations and reducing the unemployment rate to 8.2%, the lowest since March 2020. The gains were primarily in the retail and hospitality sectors, with full-time positions accounting for 80%.…  Read more

Business Update – 8 February 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rates won’t solve housing problems, Macklem says While the Bank of Canada continues to grapple with the high cost of housing in its quest to tamp down inflation, the governor of the central bank is telling lawmakers that monetary policy isn’t going to fix affordability issues in the market. A…  Read more

Business Update – 26 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 2024 in charts: Experts predict what’s to come for housing, jobs, wages, interest rates and more Economists, academics, investors and business leaders pick a chart that highlights an issue that will be important to watch in 2024. Bracing for impact: The looming hard landing of Canada’s economy If you’re…  Read more

Business Update – 18 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Fixed mortgage rates are on the decline. Is now the time to lock in? Rates on some fixed mortgages have dropped by a full percentage point in the past few months, opening up an opportunity for Canadians eyeing the spring housing market or with a mortgage of their own up for renewal. Canada…  Read more

Business Update – 11 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canadian dollar ended 2023 on a hot streak but don’t expect the momentum to last The Canadian dollar ended 2023 on something of a hot streak, but will be hard pressed to keep up the momentum in the new year as headwinds gather and fundamentals favour the greenback, currency analysts…  Read more

Business Update – 4 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada will cut interest rate three times this year to bring rate to 4.25%, Deloitte predicts The Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada. Get ready for the ‘great adjustment’ in Canada’s housing market Home prices…  Read more

Business Update – 14 December 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s trade surplus grew more than expected in October Canada recorded a larger-than-expected trade surplus of $2.97-billion in October, as exports rose marginally but imports slumped, Statistics Canada said. Bank of Canada says immigration curbs long-term inflation, but has strained housing market Immigration pushed a steady decline in housing…  Read more

Business Update – 30 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. No firm commitment to balance the budget: What economists are saying about Ottawa’s fiscal update The federal Liberals unveiled a series of measures aimed at addressing housing affordability in their Nov. 21 fiscal update, but also emphasized the need to keep government finances under control. Here’s what economists are saying about the…  Read more

Business Update – 23 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why The balance is shifting in Canada’s housing market, with realtors in most major markets saying home sales are slowing from Vancouver to Toronto. For home sellers who missed the signs, the slowdown can come as a…  Read more

Business Update – 16 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Over 2 million mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners. Canada Mortgage…  Read more

Business Update – 9 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rates could stay higher for longer. What that means for your portfolio Higher interest rates have weighed on many Canadian’s portfolios so far this year.  Here’s how fresh expectations for the Bank of Canada’s rate path might affect markets. Plateauing Canada’s immigration levels ‘step in the right direction,’…  Read more

Business Update – 26 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Retail sales slowdown shows rate hikes ‘seem to be working’: economist Some experts say retail has always been a tough business, as the sector continues to face the perfect storm of challenges — including high interest rates and supply shortages. Statistics Canada says retail sales fell 0.1 per cent to $66.1…  Read more

Business Update – 12 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada warns of inflation ‘feedback loop’ Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent. How interest rates will drive Canada’s housing market in coming months Lower…  Read more

Business Update – 7 September 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy contracted during 2nd quarter, StatsCan says The Canadian economy appeared to stall in the second quarter as investment in housing continued to fall, led by a drop in new construction. Statistics Canada said Friday the economy contracted at an annualized rate of 0.2 per cent in the second quarter.…  Read more

Business Update – 31 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why America’s election is Canada’s business One could say without exaggeration that Canadians follow American elections just as closely as they do their own federal politics. And rightly so. Our economy and security are fully intertwined with our southern neighbour, a superpower and still the largest economy in the…  Read more

Business Update – 17 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economists expect rise in inflation as price-growth fight enters new phase Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation. Air Canada profits soar amid booming demand for international travel —…  Read more

Business Update – 10 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Business groups ask government for labour changes after end of B.C. port dispute Business groups continued to call on the federal government to take action in the wake of the recently resolved British Columbia port workers dispute on Saturday, arguing Ottawa must ensure such a disruption never happens again.…  Read more

Business Update – 2 August 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy hit ‘sharp reversal’ in June. What this means for the Bank of Canada Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada. The Bank of Canada has said that future rate decisions, including its next one on…  Read more

Business Update – 27 July 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation has fallen, but the Bank of Canada hasn’t backed off rate hikes. Here’s why Canada’s inflation rate has returned to the country’s target range after a tumultuous couple of years of soaring prices. But despite the good news, the Bank of Canada is still in inflation-fighting mode and…  Read more

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