The sun is up, the birds are chirping, and maybe—if you look at a few key prices—the world’s battered supply chain is beginning to heal from the shock of the pandemic and war in Ukraine. 

Driving the news: Recent data suggest that some critical parts of global supply chains are functioning better than they have in years.

The feds are going to take a long, hard look at Canada’s biggest grocers to see if they’ve been stocking lies and deception alongside meats and produce in their stores.

A nurse, an accountant, and an engineer walk into a province. They all get jobs.

That’s one of several cheeky ads, paid for by the government of Alberta, taking over Canada’s busiest transit stations lately. It’s all part of a $2.6M “Alberta is Calling” campaign, which aims to lure skilled workers to the province with affordable housing and high wages.

Phil Collins and Genesis no longer have publishing rights to their recordings. They weren’t robbed, or anything… they’re just the latest musicians to sell them for a hefty sum. 

Whether you’re a regular person or a large Swiss bank, you know things have gone south when you’re left with no option but to change your name…

… which may end up as the plan for Credit Suisse as the bank lurches from one crisis to another.   

Employers have devised a novel plan to retain and sustain their workforce during these trying times of low unemployment and rising prices: It’s called “paying people more,” and it’s all the rage. 

Canada is headed for a moderate recession beginning next quarter mainly due to rising interest rates, according to an economic forecasting model developed by Oxford Economics.

Driving the news: There’s now a 63% chance of a recession in the next six months, according to the model, a probability threshold that has been passed in four of Canada’s six most recent recessions.

Congratulations to anyone with any US dollars sitting around from that last trip down south, because the currency is on a tear. 

The loonie is sitting at its lowest levels against the US dollar in two years as rising geopolitical tensions, specifically Russia’s not-so-subtle nuclear threats and military mobilization, leave investors looking for safe places to park their money. 

Canadian consumer prices fell 0.3% last month, the biggest monthly drop in two years. 

Central banks around the world have a tall task ahead of them: get the economy running not too hot, not too cold, but just right—or risk plunging the world into a historic recession.

That’s the message the World Bank is sending in a report documenting the risks presented by the most dramatic and widespread tightening of monetary policy since the 1980s (but no pressure, or anything). 

Why it matters: Inflation hurts, but a worldwide recession would be no picnic either—the World Bank estimates it would set the global economy back around 6 years, with GDP not reaching the pre-COVID 2024 forecast until the end of the decade.