Economy

Bank of Canada hints at pause on rate hikes

We’ve come a long way since the 8.1% inflation rate seen in June (a near four-decade high), but if you ask the Bank of Canada (BoC), the economy still has some way to go. 

A historic inverted yield curve

Folks, Canada’s got a serious case of the ol’ “inverted yield curve.”

Gen Zs embrace frugal dating

 Financial responsibility is becoming more attractive these days, as dating cheaply becomes the latest dating trend. 

The labour market goes back to school

Don’t be surprised if you don’t get as many questions about your educational credentials in your next job interview—the tight labour market and large number of job vacancies have more employers dropping requirements for post-secondary degrees.

Driving the news: Job openings requiring at least a bachelor’s degree dropped from 46% in 2019 to 41% this year, according to new US data reported by The Wall Street Journal.

Black Friday is here

Canadians are projected to spend 13% less on gift-giving this year as they save money for essentials, but that doesn’t necessarily mean Black Friday will be a total bust for retailers. 

Wage growth vs. High inflation

Canada’s biggest private unions are looking for some of the largest pay gains seen in a generation to make up for the damage inflation has inflicted on consumer purchasing power.

The Bank of Canada will lose money for the first time

The Bank of Canada (BoC) is on track to give “monetary tightening” a whole new meaning by losing between $5 billion and $6 billion over the next few years. 

US military enlists Canada for critical mineral build-out

The US military is looking to fund mining projects in Canada to boost friendly supplies of critical minerals, like lithium and cobalt, per the CBC.

Why it matters: Canada is not a significant producer of most critical minerals, but that could change if the US military tosses a few hundred million dollars into the sector.

Rise of the unretired

Retirees used to spend their time sunning in Florida. These days, they’re going back to work

The four-day workweek makes strides

Unilever, the multinational giant that owns brands from Ben and Jerry’s to Dove soap, is the biggest corporation yet to give a big thumbs up to a potential four-day workweek.