Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. What the Bank of Canada’s cut means for the economy The Bank of Canada’s decision to cut its overnight interest rate by 50 basis points was as significant as it was expected. Following on from a shockingly low CPI print, most analysts and investors had priced in this ‘double’ cut.… Read more
Delegation is a skill often discussed but rarely mastered, especially by small business owners who are wearing multiple hats. The balancing act of managing daily operations while pushing for growth can be overwhelming. Imagine if you could free up hours in your day to focus on strategic decisions rather than getting bogged down in every minute detail. This is where the art and science of delegation come into play. By… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. After Bank of Canada’s oversized cut, is lower and faster the new pace? The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control. Shock-prone world’ highlights need for productivity Bank of Canada… Read more
In any successful operation, accountability is the bedrock upon which trust and performance are built. At the heart of this dynamic are leaders who not only demand accountability from their teams but also embody it in their leadership style. Here’s how they maintain a culture of accountability: 1. Communicate and uphold high expectations Accountability is a framework that helps individuals understand what is expected of them, ensuring they meet expectations… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Jobs report tops economists’ expectations in September The Canadian labour market exceeded many economists’ expectations in September, adding more than twice as many jobs as the previous month while unemployment ticked lower. Statistics Canada reported on Friday that the economy added 47,000 jobs in September, while the unemployment rate… Read more
A solid sales strategy will help you consistently grow your business. It will give you a framework for generating more leads, closing more deals, and ultimately increasing your revenue. From nurturing existing accounts to thought leadership and effective pricing discussions, here are some actionable steps for a winning sales strategy. Nurture existing accounts: Schedule regular check-ins with current customers to maintain relationships. Use social media to engage with customers through… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada survey shows business, consumer sentiment remains low The Bank of Canada says business and consumer sentiment remained low during the third quarter of this year, citing high interest rates and higher costs as the main reasons. Economists predict inflation dipped below 2% in September Economists expect inflation continued… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Can T-Swift stop a T-cession? What’s next for Toronto’s flagging economy Toronto’s economic growth slows, prompting fears of recession. Experts cite global uncertainty, trade tensions, and housing market issues. Meanwhile, Taylor Swift’s upcoming concert is expected to boost local economy. U.S. port workers and operators reach deal to suspend… Read more
Procrastination can be a formidable foe for small business owners. With endless responsibilities, it’s easy to fall into the trap of putting off important tasks for later. But fear not! Here are some practical solutions that can help you slay procrastination once and for all. 1. Eat the frog first Ever heard of the saying “Eat the frog first”? It’s a productivity hack inspired by Mark Twain’s advice to tackle… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economists see Canadian soft landing even without jumbo rate cuts The Bank of Canada will be able to pull off a soft landing for the country’s economy without resorting to half-point interest rate cuts, analysts say. Taking the pulse of Canadian business: 5 of the most interesting things we learned this… Read more
Working hard can only make you more money but does not grow your money or keep it safe. And that’s where investing comes into the picture: it fights inflation, grows money multiple times, and can help secure your future. Here we have curated a list of eight factors that you need to consider before investing: Understand your investment objective This is the first step. Decide what your main investment focus… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Despite good economic news, experts warn the pain’s not over yet After two years of interest rate hikes, inflation hit the Bank of Canada’s target of two per cent back in August. Touria Izri looks at what helped cool inflation, and the interest rates that economists are calling for.… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Grocery habits may be returning to normal after inflation surge The head of one of Canada’s largest grocery chains says he’s seeing the early signs of consumer behaviour normalizing after years of trading down and cutting back in the cost of living crunch. Canadians should brace for recession because… Read more
In the wake of the pandemic, many small business owners have become increasingly concerned about fraud. According to SAP Concur, a staggering 85% of businesses surveyed expect the risk of fraud to continue even after the pandemic. Making matters worse, many fraudulent acts originate from within businesses themselves. Below you will find some essential internal controls that you can implement to safeguard your business and mitigate the risk of financial… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada cuts key interest rate again, signals more cuts ahead The Bank of Canada may adjust the pace of interest rate cuts if warranted, governor Tiff Macklem said after announcing a third consecutive interest rate cut. The quarter-percentage-point reduction was widely expected by forecasters, given ongoing softness… Read more
As a business owner, you know that the right people are crucial to your company’s success. The best employees can help you achieve your business goals, improve your productivity, and drive growth. But finding the people best suited to your team can be daunting, and sometimes it’s easy to hire someone who seems okay, rather than taking the time to find the best fit. Here are some steps you can… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canadian economy grew in 2nd quarter, mostly from government spending and higher wages The Canadian economy grew 2.1 per cent at an annualized rate in the second quarter of 2024, though GDP per capita fell for the fifth consecutive quarter, Statistics Canada said on Friday. U.S. opens door to possible challenge… Read more
In the unpredictable world of startups, maintaining a cash surplus can be a lifesaver. It provides a safety net in case sales don’t meet expectations or unexpected expenses arise. Aside from providing security, surplus cash also paves the way for expansion opportunities, handling large bills, or purchasing essential equipment. While injecting personal capital or taking out a loan can aid in creating a cash surplus, let’s explore some other effective… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation rate eases, cementing case for Bank of Canada rate cut Canada’s inflation rate is steadily moving back down to the Bank of Canada’s 2-per-cent target, solidifying an already strong case for the central bank to cut interest rates again next month. EI benefit claims are up for working-age… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Should Canada ditch the mortgage stress test? What experts are saying Despite recent interest rate cuts, the Canadian real estate market remained slow this summer. This has prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can… Read more