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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canadian Chamber of Commerce Policy experts’ insights on 2024 Federal Budget Policy experts from the Canadian Chamber of Commerce have reviewed the Budget in detail, and their perspective on its implications for Canadian business. Uncertainty in Canada’s tax landscape could weigh on investment James Orlando, the director of economics at TD…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How to protect, improve your credit score amid cost-of-living pressures Last month, the federal government proposed tying rent payments to credit scores, a new way to help Canadians build their credit. Meanwhile, cost-of-living pressures are impacting some people’s ability to pay down debt and keep their scores in good standing. Most Canadians…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Businesses, consumers more optimistic about economy amid expected rate cuts The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank released its business outlook and consumer expectations surveys…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. CRA no longer requiring tax return for bare trusts this year Canadians with bare trust arrangements, such as a co-signed mortgage or joint bank account, won’t be required to comply with new tax-reporting requirements for 2023. The Canada Revenue Agency (CRA) said in an announcement Thursday that bare trusts no longer have to…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Drop the mortgage stress test at renewal, competition watchdog urges Ottawa Canada’s competition watchdog is urging Ottawa to drop requirements for some borrowers to pass the mortgage stress test at renewal, arguing it limits Canadians’ abilities to shop around for a better rate. Business insolvency filings highest in years Dina Kovacevic,…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 40% of Canadian industries ‘highly vulnerable’ to supply shocks Forty per cent of Canadian industries are “highly vulnerable” to external demand and supply shocks, Statistics Canada says.  The federal statistic agency said on Friday those industries, which account for 25 per cent of Canada’s economic output, are exposed to risks…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. A change to Canadian banking is coming… A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives. Change is in the works that will give Canadian consumers and businesses significantly more control over their financial data, including who they share it with, in what’s…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy grows more than expected, dodging recession Stronger growth supports case for Bank of Canada to hold interest rates steady until June. Canada tax changes to be aware of in 2024 There are a number of new tax measures and reporting requirements Canadians should keep in mind when…  Read more

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

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

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

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

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

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

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

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

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

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

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

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