Daily News

Source: Bankofcanada September 19, 2023

Household differences and monetary policy

Deputy Governor Sharon Kozicki talks about how differences in debt, income and savings across households shaped their experience through the COVID-19 pandemic and ho...

Source: Financialpost September 19, 2023

Retail workers are fed up and quitting at record rates

Workers increasingly say the job isn’t worth the wages To be a United States retail worker in 2023 means fielding an onslaught of growing American anxieties about everything from high prices to politics. Increasingly, some workers say the job i...

Source: Financialpost September 19, 2023

Grocery CEOs head to Ottawa to answer Trudeau tax threat — what to expect

Meeting today to work on plan to address food inflation crisis Get the latest from Jake Edmiston straight to your inbox Sign Up The heads of the biggest grocery chains in Canada are expected in Ottawa on Sept. 18 for a hastily arrange...

Source: Financialpost September 19, 2023

Employers and staff are calling a 'truce' on the return-to-office war

Many companies are moving to more flexible models as both bosses and employees compromise on remote work When video conferencing specialist Zoom Video Communications Inc. called staff back to the office last month, it was widely interpreted as...

Source: Financialpost September 19, 2023

Posthaste: Why the Bank of Canada pause won't save the housing market this time

No real recovery until the Bank cuts rates, say economists Good morning, Canada’s housing correction is back. Home sales fell 4.1 per cent in August, we learned late last week — the second monthly decline in a row and the fastest...

Source: Financialpost September 18, 2023

Canadian Western Bank grows in challenging times

Watch: CEO Chris Fowler discusses the impact of higher interest rates on businesses and more Chris Fowler, chief executive, Canadian Western Bank talks with Financial Post’s Larysa Harapyn about how CWB is growing in challenging times. He discu...

Source: Financialpost September 18, 2023

Inflation likely gained pace in August, economists expect, reversing progress

OTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Statistics Canada’s August consumer price index report set to be released...

Source: Financialpost September 17, 2023

Jack Mintz: B.C.’s real affordability problem is taxes

The premier says interest rates are squeezing British Columbians, but so are his tax increases B.C. Premier David Eby, concerned about the cost of living, recently asked the Bank of Canada to hold off any further interest rate hikes. As William...

Source: Financialpost September 17, 2023

Home prices levelling off as sales slow, listings rebound: CREA

Average home price was $650,140 in August, up 2.1 per cent from last year Average home prices rose slightly in August, up 0.4 per cent, while sales slowed and new listings returned to more normal levels, a sign that demand and supply are contin...

Source: Financialpost September 17, 2023

Opinion: Media training for Jordan Peterson? Really?

Was the College's order against Peterson for true education or for discipline without procedural safeguards? Last November the Ontario College of Psychologists imposed an unusual order on Dr. Jordan Peterson: “remedial” media training to “ameli...