Economy

The Great Retraining

What comes after a surge in employee turnover? A surge of untrained employees.

Factory activity slumps

Activity in Canada’s manufacturing sector is seeing its longest slowdown in seven years thanks to a drop in output, new orders, and purchasing activity, per Reuters.

Inflation is sticking around for the holidays

Many of us may be powering down for some holiday R&R, but inflation is still hard at work, making our lives even more expensive.

It’s getting more expensive to go to kids’ holiday recitals

If you have (or know any) children, you may have had the delight of attending at least one year-end recital this month. You may have also noticed that a night of watching them scamper in the spotlight has become pricier than ever

Central banks turn the page

Like many of us, the world’s central banks are ready for a re-brand in 2023: Out with the inflation-fighting and in with a more laid-back approach to rate hikes.  

Canadians are not feeling great about the economy

Feeling gloomy about the economy? You’re not alone. Exclusive polling data, shared with The Peak by Crestview Strategy, shows most Canadians think the economy is worsening.

The fast climb of Canadian debt

Seven interest rate hikes later, personal finances have seen better days.

Why holiday shopping just isn’t the same

All that retailers want for Christmas is for you to spend, spend, spend.

Another debt crisis looms

A dozen developing countries might spin into a debt crisis within the next year, spelling financial trouble for some of the world’s most vulnerable people, per The New York Times. 

Charities feel the sting of inflation

The holiday season has always been a time for opening our hearts and wallets to charity, but this year, more Canadians are cutting giving out of the budget as they try to conserve cash.