Economy

Why holiday shopping just isn’t the same

All that retailers want for Christmas is for you to spend, spend, spend.

Another debt crisis looms

A dozen developing countries might spin into a debt crisis within the next year, spelling financial trouble for some of the world’s most vulnerable people, per The New York Times. 

Charities feel the sting of inflation

The holiday season has always been a time for opening our hearts and wallets to charity, but this year, more Canadians are cutting giving out of the budget as they try to conserve cash.  

Bank of Canada hints at pause on rate hikes

We’ve come a long way since the 8.1% inflation rate seen in June (a near four-decade high), but if you ask the Bank of Canada (BoC), the economy still has some way to go. 

A historic inverted yield curve

Folks, Canada’s got a serious case of the ol’ “inverted yield curve.”

Gen Zs embrace frugal dating

 Financial responsibility is becoming more attractive these days, as dating cheaply becomes the latest dating trend. 

The labour market goes back to school

Don’t be surprised if you don’t get as many questions about your educational credentials in your next job interview—the tight labour market and large number of job vacancies have more employers dropping requirements for post-secondary degrees.

Driving the news: Job openings requiring at least a bachelor’s degree dropped from 46% in 2019 to 41% this year, according to new US data reported by The Wall Street Journal.

Black Friday is here

Canadians are projected to spend 13% less on gift-giving this year as they save money for essentials, but that doesn’t necessarily mean Black Friday will be a total bust for retailers. 

Wage growth vs. High inflation

Canada’s biggest private unions are looking for some of the largest pay gains seen in a generation to make up for the damage inflation has inflicted on consumer purchasing power.

The Bank of Canada will lose money for the first time

The Bank of Canada (BoC) is on track to give “monetary tightening” a whole new meaning by losing between $5 billion and $6 billion over the next few years.