Heading west for a gold rush? So 19th century. It’s 2023: Miners these days want to hear about lithium “in dem thar hills.”

Driving the news: New analysis found that a volcanic crater in Nevada could hold the largest deposit of lithium in the world. 

The latest job numbers are in, and they’re sending more mixed signals than a crush who likes all of your Instagram stories but won’t answer any of your texts.

Driving the news: 39,900 net new jobs were added to the economy in August, doubling expectations and keeping the unemployment rate steady at 5.5%, Stats Canada reported.

As Labour Day fades from sight in the rearview mirror, more Canadian employers are telling, not asking, employees to return to the office for at least a few days of the week. 

Driving the news: Among Canadians with hybrid work setups, about 60% are fully remote, down from 75% earlier this year, per a report from Indeed. With the summer holiday season over and businesses looking to start fresh for the fall, that number is poised to fall even further.

The Bank of Canada held its policy interest rate steady at 5% yesterday, but don’t call it a pivot—they’re ready to hike again if that’s what it takes to whip inflation, and they want to make sure everyone knows it.

Driving the news: The BoC said, “evidence that excess demand in the economy is easing” justified holding interest rates steady, but emphasized that it was “prepared to increase the policy rate further if needed.”

Canadian mortgage balances are getting swole-r than a gym bro getting ready for spring break.

Driving the news: TD, BMO, and CIBC disclosed that rising interest rates have caused 20% of their residential mortgage borrowers to see their balances grow so monthly payments no longer cover their interest owed, per The Globe and Mail.  

It might be time to cut back on the spaghetti carbonara… not because you need to watch the carbs, but to save on your grocery bill.

What happened: Stats Canada lowered its estimates for Canadian wheat production this year to 29.5 million tonnes, which would be the second-lowest total in eight years. It could present a 14% drop from last year’s bumper wheat crop due to droughts across the Prairies.

As the labour market slows down, the “job-hopping generation” is deciding to stay put. 

What’s happening: New Stats Canada data shows that Canadians are changing jobs at the lowest rate seen since 2020, a sign the labour market is weakening, per The Globe and Mail.

Ever played SimCity and thought it might be fun to try your hand at creating a city from scratch in real life? You aren’t alone: A growing cohort of entrepreneurs backed by deep-pocketed financiers are giving it a whirl.

Driving the news: A company backed by a who’s who of the tech world has spent US$800 million buying up tens of thousands of acres of land as part of a plan to build a new city in California, per an investigation by The New York Times.

After a record-breaking 2022, the fine art market has crashed harder than a Jeff Koons balloon dog sculpture knocked off its pedestal by a clumsy gallery-goer. 

Driving the news: In the first five months of the year, overall global fine art sales have dropped by 14% compared to the same time last year, while sales at the Big Three Auction houses (Sotheby's, Christie's and Phillips) dropped a whopping 20%, per Artnet.