Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian banks are better protected from US-style “bank runs” Canada’s Big Five banks are large, diversified and well-capitalized, have experienced leadership and are closely monitored by a respected banking supervisor. Learn more about why experts agree that Canadian banks are safe. Nordstrom Canada liquidation sales begin this week Nordstrom… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canada and others rushing to stop Silicon Valley Bank crisis from spreading Governments in the US, UK, and Canada are taking steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank, with more than $200bn in assets, caused fears of wider disruption. The first… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Is the end of interest rate hikes finally here? The Bank of Canada is set to meet on Wednesday to discuss interest rate hikes. Some analysts believe that conditions are finally right to pause the seemingly never-ending rises. 5 Canadians who are earning more by working for companies located… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Inflation rate slows for January Statistics Canada said last week that the annual inflation rate eased more than expected in January to 5.9%, which shows that the rate hikes are working and should allow the Bank of Canada to keep them steady at its next meeting. Google blocks news… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More than 20,000 Canadian Teslas part of recall Tesla is recalling nearly 363,000 vehicles in the U.S. and Canada that run its “full self-driving” system to fix problems with how it behaves around intersections and responds to posted speed limits. Find more information here. Interest rates could rise even… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The price of oil is rising again China has shown signs that they are ready to buy more oil, which could mean the economy will perform better, and crude oil prices will move back between $90 and $100 a barrel. PM announces investment in quantum computing Justin Trudeau announced… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian consumers and businesses are expecting a recession this year The Bank of Canada released its business outlook and consumer expectations surveys on Monday, and it showed that more businesses than usual expect their sales to decline in the next 12 months. House values fell 12% on average from… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bell changing donation format for Let’s Talk Day Bell is changing its Let’s Talk Day campaign, promising to donate $10 million regardless of whether anybody texts or tweets the phrase on Jan. 25. Lululemon stock plunges The fall came after Lululemon said it expects gross margins to decline in… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. First BrightDrop Zevo 600 electric delivery van rolls off the line A General Motors plant in Ingersoll, Ontario has been converted into an assembly line for electric delivery vans and produced its first vehicle this week. The plant is the first full-scale electric vehicle-making facility in Canada. Food prices… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Is the housing correction finally here? Home sales rose 1.3 per cent in October, the first rise since February. Some analysts are wondering if this is the first sign that the Canadian real estate market has finally adjusted to the higher cost of borrowing. How climate change will affect… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Tiff Macklem warns us to brace ourselves As the Bank of Canada continues to try to fight inflation, governor Tiff Macklem said last week that we should prepare for further interest rate hikes this winter. The hope is that we will achieve just a mild recession. Homeowners choosing to… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Better working conditions are more of a draw than financial incentives to retain healthcare workers With continuing staff shortages in the health care sector, many wonder what it will take to attract and retain more workers in the field. Researchers explain why one-time financial incentives aren’t enough, and outline… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian Airports Saw Increase in Foreign Travelers Canada saw a surge in the number of international travelers entering the country as it reopened its borders to fully vaccinated individuals. For the month of October, there have been 263,400 non-resident arrivals at Canadian airports, according to Statistics Canada. This represents… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Ottawa Public Health Outlines Plan to Vaccinate Kids As Pfizer awaits approval of its vaccine for kids from Health Canada, Ottawa Public Health says it will be able to vaccinate all children five- to 11-years-old within four weeks of being given the green light. An estimated 70,000 children will… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. US Will Accept Canadians With Mixed Vaccine Doses The US Centers for Disease Control confirmed that it will consider people with mixed doses fully vaccinated, as long as the vaccines are authorized by either the FDA or the World Health Organization. This means Canadians who received any combination of… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Trudeau Vows New Government Will Move Faster on Priorities Prime Minister Justin Trudeau said his minority Liberal government has been given a mandate “to move even stronger, even faster on the big things that Canadians really want.” He listed measures to fight climate change, further boost the country’s vaccination… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Report: Family Businesses Better Positioned to Drive Economic Recovery In a KPMG Enterprise and STEP Project Global Consortium report, family businesses in Canada and worldwide are using their unique strengths to rebound from the pandemic. In fact, they are well positioned to spur the country’s post-pandemic recovery. The global… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. US-Canada Border to Remain Closed Until 21 September Canada’s land border with the United States will remain closed until at least 21 September. The US is currently dealing with a surge in COVID-19 cases due to the delta variant. This comes two weeks after Canada opened its land border… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. New Travel Vaccination Policy to Require Travellers, Federal Workers to be Vaccinated The new travel vaccination policy applicable to all passengers and workers in the federally regulated air, rail, and cruise ship sectors will require proof of vaccination against COVID-19. While the details of the new mandate are still… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. What You Need to Know About Canada’s Border Reopening Canada has opened its border to vaccinated US citizens for non-essential travel on Monday, 9 August. For US citizens planning to cross the border, the following are required: Proof of vaccination (Pfizer, Moderna, Astra-Zeneca, and Johnson & Johnson vaccines) A… Read more