Plans to welcome a record 500,000 new permanent residents in 2025 Author of the article: Reuters Julie Gordon and Anna Mehler Paperny Publishing date: Nov 01, 2022 • 2 days ago • 2 minute read • 7 Comments Canada is struggling with an acute shortage of workers. Photo by Olivier Douliery/AFP via Getty Images OTTAWA —… Continue reading Canada boosts immigration targets to record amid labour crunch
Bank of Canada is walking a fine line, but rates will go higher, says Tiff Macklem
Maybe it’s a big hike, maybe a normal hike, ‘but we still think we have more to go’ Publishing date: Nov 02, 2022 • 1 hour ago • 3 minute read • 8 Comments Bank of Canada is engaged in a delicate balancing act as it looks to prevent inflation from becoming entrenched while avoiding a… Continue reading Bank of Canada is walking a fine line, but rates will go higher, says Tiff Macklem
Is the Bank of Canada reaching the end of its rate raising cycle?
Episode 174 of Down to Business podcast Is Bank of Canada governor Tiff Macklem nearing the end of rate hikes? Photo by REUTERS/Patrick Doyle Inflation is still around seven per cent in Canada, which is way above the Bank of Canada’s two per cent target. Advertisement 2 This advertisement has not loaded yet, but your… Continue reading Is the Bank of Canada reaching the end of its rate raising cycle?
Bank of Canada not ruling out another oversized hike to fight inflation
‘We still think we have more to go’ Author of the article: Reuters David Ljunggren and Julie Gordon Bank of Canada governor Tiff Macklem says while the central bank is starting to see signs rate increases are slowing the economy, it is still in excess demand. Photo by REUTERS/Patrick Doyle OTTAWA — The Bank of… Continue reading Bank of Canada not ruling out another oversized hike to fight inflation
Canada to admit 1.4 million immigrants in three years to address labour shortages
Ottawa’s new selection tools will better target sectors that have the highest need for labour Publishing date: Nov 01, 2022 • 20 hours ago • 3 minute read • 72 Comments Immigration minister Sean Fraser at a press conference in Ottawa. Photo by Blair Gable/Reuters files Canada is going to introduce new “selection tools” next year… Continue reading Canada to admit 1.4 million immigrants in three years to address labour shortages
Brookfield eases concern about slow deal pace with Westinghouse sale
‘Westinghouse is really just a precursor of what’s to come’ Author of the article: Bloomberg News Layan Odeh The Brookfield Place building in Calgary. Photo by Gavin Young/Postmedia files When Brookfield Asset Management Inc. announced the sale of Westinghouse Electric Co. for about six times its invested capital, it was a much-needed win for the… Continue reading Brookfield eases concern about slow deal pace with Westinghouse sale
TSX trading halted because of connection issue
All trading halted on the TSX, TSXV and Alpha markets All trading has been halted on the TSX, TSXV and Alpha markets. Photo by REUTERS/Mark Blinch The Toronto Stock Exchange has resumed trading after a connection issue halted trade shortly after opening bell this morning. Advertisement 2 This advertisement has not loaded yet, but your… Continue reading TSX trading halted because of connection issue
Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money
The general elimination of cash as a payment option creates problems for small businesses and consumers alike The Bank of Canada has clarified that it is not mandatory for Canadian businesses to accept cash. But maybe it should be. Photo by Denis Pepin/Fotolia I have a $20 bill in my wallet and I feel like… Continue reading Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money
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