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.
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.
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.
Financial responsibility is becoming more attractive these days, as dating cheaply becomes the latest dating trend.
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.
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.
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 (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.
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The US military is looking to fund mining projects in Canada to boost friendly supplies of critical minerals, like lithium and cobalt, per the CBC.
Why it matters: Canada is not a significant producer of most critical minerals, but that could change if the US military tosses a few hundred million dollars into the sector.