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Economic Indicators
But that position may slide with the federal government's proposed tax changes
By Staff |December 14, 2017
2 min read
Don't let this year's market strength fool you
The amount Canadians donate to charities has hit a 10-year low, a study from the Fraser Institute says. The report, Generosity in Canada and the United States: The 2017 generosity index, says Americans donated more than three times the share of income Canadians did in 2015 tax returns. Not only did Canadians give a lower […]
By Staff |December 13, 2017
1 min read
Canada needs to reduce barriers to employing older workers as the aging population grows, a report from PwC says. Canada ranked 16 out of 34 OECD countries in PwC’s Golden Age Index, a weighted average of seven measures for workers aged 55-69, including employment rate, training and earnings. Canadians over 65 will make up nearly […]
Canadian business owners have their heads in the sand when it comes to NAFTA, finds a BDO Canada poll. Read: Small business sentiment improves in November Two-thirds (66%) of poll respondents admit to having no plan for a failed NAFTA renegotiation. Yet, 86% believe President Donald Trump will exit NAFTA or attempt to negotiate unfairly […]
There's a labour shortage of approximately 361,700 jobs.
By Staff |December 12, 2017
Forces driving the economy will change next year, says the bank
4 min read
Prices at the wholesale level rose 0.4% in November and 3.1% over the past year. It was the biggest annual jump in nearly six years and reflected a big spike in the price of gasoline and other energy products. Last month’s increase in the producer price index, which measures inflation pressures before they reach the […]
By Staff, with files from The Associated Press |December 12, 2017
It’s not uncommon for seniors to help their children and grandchildren with paying down debt, making down payments, and covering the cost of education and childcare, a survey from HomEquity Bank says. The survey was conducted in late October at the Toronto Zoomer Show. Roughly one-fifth of the 682 respondents said they’ve provided one-time financial […]
By Staff |December 11, 2017
Canada’s small business lobby is calling on provincial finance ministers to push the feds to delay new income sprinkling rules set to go into effect Jan. 1. As provincial ministers gather in Ottawa to meet with federal Finance Minister Bill Morneau, the Canadian Federation of Independent Business (CFIB) wants them to pass on the call […]
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