Economy

Addressing recession fears

Nothing says fall like a pipin’ hot plate of economic analysis.

Education workers walk

Over 55,000 Ontario education workers, including early childhood educators, educational assistants and custodians, are set to walk off the job today. 

The journey to 5% interest

The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier.

Canada’s open for skilled labour

The feds have flicked on a big, bright “OPEN” sign with a new three-year immigration plan to get skilled workers into the country (and address that darn labour crunch). 

Canadians feel the crunch

Canadians are starting to feel the economic crunch as the Bank of Canada continues to try and combat inflation more stubborn than a toddler before naptime. 

Is it actually true that nobody wants to work?

A $900 billion drop

Canadian household wealth dropped by ~$900 billion in Q2 of this year, which, as the largest quarterly drop seen on record, is kind of a big deal.  

Macklem’s October surprise

The Bank of Canada (BoC) surprised markets after hiking rates by 0.5 of a percentage point yesterday (bringing the base rate to 3.75%), below the 0.75 hike most economists expected.

Wall Street is back in Riyadh

Saudi Arabia’s Future Investment Initiative (FII) is bringing together the who’s who of global finance in Riyadh to talk shop, despite the icy chill hanging over Western relations.  

Bond vigilantes strike back

It’s official: British Prime Minister Liz Truss did not outlast the lettuce

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”.