Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Why is inflation heating up at the grocery store again?
A weak Canadian dollar is being blamed as a key culprit behind sticky inflation at the grocery store, a trend one expert says he expects to persist heading into the holidays.
Statistics Canada reports wholesale sales up, manufacturing sales down in September
Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain rose 0.8 per cent to $82.3 billion in September. The increase came as sales rose in five of the seven subsectors with the motor vehicle and motor vehicle parts and accessories subsector up two per cent at $14.1 billion.
What if Trump is right on trade?
Canadians have feared Donald Trump when it comes to trade. They’ve fumed at his policies. They’ve said his threats and tariffs will bring chaos and disorder. But might they actually agree with him?
Canada Post strike: What’s at stake for the Canadian economy?
Millions of Canadians are being warned to prepare for a difficult and stressful holiday shopping season. Tens of thousands of workers are on a nationwide strike at the country’s biggest domestic shipper, Canada Post.
Youth unemployment to cost Canadian economy $18.5 billion by 2034
A landmark report, Failure to Launch from The King’s Trust, reveals a startling economic reality: Canada’s failure to address its youth unemployment crisis will cost the country $18.5 billion in GDP by 2034.
What does the U.S. have to do with Canada’s manufacturing sector?
Canada’s manufacturing sector is a foundational piece of our economy. It employs 1.7 million Canadians, represents more than 10% of our total GDP, and makes up over 68% of all physical goods sold to other countries. It’s also an integral component of the complex Canada-U.S. trade relationship, with exports equaling almost $30 billion per month.
Five reasons young entrepreneurs should experience the G20 Young Entrepreneurs’ Alliance Summit
Looking to take your business to the next level? A global perspective could be the game-changer you need on your entrepreneurial journey. The annual G20 Young Entrepreneurs’ Alliance (YEA) Summit brings together some of the most driven young entrepreneurs from across the globe to collaborate, innovate and grow. Hosted by a different international delegation every year, recent iterations of the Summit have taken place in locations ranging from Brazil to India.
Hidden Bank of Canada clues point to another big cut
Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC economists say.
Canada retail rebound accelerates into start of fourth quarter
Canadian retail sales rose for the fourth straight month, the longest growth streak since early 2022, signaling the central bank’s interest-rate cuts are boosting consumer spending.
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