Business Update – February 22, 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 – February 15, 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 – February 8, 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 – February 1, 2024

Getting caught up on a week that got away? Here’s your weekly digest of some stories relevant to business and the economy. Interest rates may have peaked – is it time to jump into the housing market? After the Bank of Canada gave its clearest hints yet that its interest rate cycle might have peaked, some real estate experts are expecting hope for lower borrowing costs will set up a busy…  Read more

Business Update – January 25, 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 – January 18, 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 – January 11, 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 – December 21, 2023

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 three times next 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 should climb back…  Read more

Business Update – December 14, 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 – December 7, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada rate decision: What economists expect Economists are expecting the Bank of Canada will hold interest rates at its key policy announcement next week, with some saying they expect the central bank to be done hiking rates. Statistics Canadian survey on business conditions, fourth quarter 2023 Statistics…  Read more

Business Update – November 30, 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 – November 23, 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 – November 16, 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 – November 9, 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 – November 2, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why the Bank of Canada and other forecasters keep misreading the economy Abacus Data conducted a fascinating survey recently of smaller companies for Business Development Bank of Canada’s Small Business Week. Feds post $4.3 billion deficit as high interest rates grow public debt charges The federal government posted a…  Read more

Business Update – October 26, 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 – October 19, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada is in for a cooler winter in real estate as sales slow: CREA Home sales in Canada were down again in September as listings rose, the Canadian Real Estate Association (CREA) said Friday, also lowering its sales and price forecast. Record number of Canadians sour on state of economy as financial woes…  Read more

Business Update – October 12, 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 – October 5, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy was flat in July, new GDP numbers from Statistics Canada show Canada’s gross domestic product was essentially unchanged in July, as the service sector expanded slightly while goods-producing industries shrank. Statistics Canada reported Friday that the total value of Canada’s entire economy was essentially unchanged during the…  Read more

Business Update – September 28, 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. B.C. port strike affected 17% of retailers with auto sector hit hardest Statistics Canada said the on-and-off strikes at BC ports in July affected 17 per cent of retailers. Sales at motor vehicle and parts dealers were the hardest hit, the agency said. Alberta to debate Canada Pension Plan,…  Read more

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