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
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
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
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
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
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s hot housing market ‘settling down’ amid rate hikes, new listings A return to Bank of Canada interest rate hikes and growth in new listings started to cool off the housing market in June, according to the Canadian Real Estate Association. Here’s what could send the Canadian dollar higher… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Struggling mortgage holders could see lenders waive fees under new guidelines Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher interest rates. Canada unexpectedly posts largest trade deficit since 2020 Canada’s merchandise… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Will there be a recession in Canada? What the latest data tells us Canada’s economy is showing signs of underlying strength as some consumers and businesses brush off recession fears, a flurry of data releases suggest. Some say the door is open for the Bank of Canada to pause… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Food prices to stay higher than before pandemic: RBC RBC economist Claire Fan talks about why food prices are going to slow, but not to pre-pandemic levels. Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesses Shopify CEO Tobias Lutke is ready… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Air Canada says it gave ‘erroneous’ response on delays compensation Air Canada says it will offer compensation to travellers who were affected by flight delays caused by technical problems in recent weeks. The airline, which had initially faced questions over messages reportedly sent to passengers saying they would not… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canadian economy surges, rate hike expected Canada’s economy exceeded expectations, growing 3.1% annually in Q1 due to increased household spending and favorable international trade. This may pressure the Bank of Canada to consider raising interest rates. AI stocks like Nvidia are surging. Should you buy into the hype? Nvidia,… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Small businesses are getting a break on credit card fees starting next year Small businesses in Canada will no longer have to pay credit card fees starting in 2024. This is due to a new federal government initiative that will require credit card companies to lower their fees. This… Read more