Source: Rachel Gilmore, globalnews.ca, November 2, 2021 Affordability and cost of living topped the list as the key issue Canadians think the government should prioritize. As Parliament prepares to spring back into action on Monday, Canadians have one thing at the top of their mind: the rising cost of living. That’s the latest from a… Continue reading Cost of Living Top of Agenda As Parliament Returns
Tag: wages
Mortgage Pre-approvals Rate Hikes Looms
Source: Tara Deschamps The Canadian Press, globalnews.ca, November 17, 2021 A rise in both mortgage and interest rates would end an almost two-year period of rock-bottom borrowing costs. Canadians are scrambling to get mortgage pre-approvals and rate holds before the era of low interest rates comes to an end, as some economists predict. Real estate… Continue reading Mortgage Pre-approvals Rate Hikes Looms
What the Hike in Interest Rates Means for Variable and Fixed Mortgage Rates
The Bank of Canada (BoC) has announced it’s keeping its trend-setting interest rate on hold for now, but borrowing costs for many Canadians are likely going up. Canada’s central bank has mentioned it is holding its key interest rate at 0.25 per cent, where it has been since March of 2020, hinting instead, that the first interest rate hike… Continue reading What the Hike in Interest Rates Means for Variable and Fixed Mortgage Rates
Canadian National Railway Q3 Profits Hit $1.69 Billion
Source: Ross Marowits The Canadian Press, October 20, 2021 Revenues increased 5.3 per cent to $3.59 billion, up from $3.41 billion. Canadian National Railway Co.’s embattled CEO is retiring in the new year, the railway says as it reported a big jump in third-quarter profits thanks in part to a $770-million after-tax break fee it… Continue reading Canadian National Railway Q3 Profits Hit $1.69 Billion
Global Supply Chain in Crisis
Source: Anne Drewa, globalnews.ca, September 28, 2021 In addition to delays, consumers can expect to pay more for goods as the supply chain crisis continues. Global shipping disruptions from container shortages to shipping backlogs have retailers warning consumers to start holiday shopping early. “If you see it, grab it because if you are waiting it… Continue reading Global Supply Chain in Crisis
Minimum Wage in Saskatchewan is $11.81 Effective October 1st
On October 1st, the province’s minimum wage will increase to $11.81 per hour. This increase was announced in June 2021. This is the 13th increase to the minimum wage, for a total increase of over 48 per cent, since 2007. Every year Saskatchewan’s minimum wage is calculated using an indexation formula that gives equal weight… Continue reading Minimum Wage in Saskatchewan is $11.81 Effective October 1st