Weekly Digest – 12 October 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Cost of a Thanksgiving meal up 12% this year
Thanks to inflation, turkey dinner over the weekend was more expensive. The estimated average cost to cook a traditional holiday meal now comes in at a total of $203.95 for a family of four, with some leftovers
Pandemic changes beneficial to working mothers
As most of us shifted to remote and hybrid work during the pandemic, working mothers realized the new arrangement allowed them to better tend to both their jobs and their families. Many are now advocating for conditions to stay this way to keep women in the workforce.
BOC committed to lowering inflation no matter the cost
Bank of Canada governor Tiff Macklem said last week that the Bank of Canada is focused on lowering the rate of inflation, even if that comes at the cost of jobs.
New fee in effect immediately when paying with credit cards
Starting last week, retailers and other businesses are allowed to charge customers a fee every time they swipe their credit card. The new rule allows businesses to pass on the fee to the customer that credit card providers charge for the convenience of using their card.
Jobless rate inches lower to 5.2%
Canada added 21,000 jobs last month, though the labour force shrank by the same amount. The difference is attributed to those who voluntarily chose not to seek work last month.
Former US Federal Reserve chief wins Nobel prize
Former US Federal Reserve chief Ben Bernanke, who led the central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics.
Chinese chip stocks fall after sweeping new regulations
Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. The rules expand on attempts to curb Chinese companies’ access to key tech.
Elon Musk’s Twitter deal set to be a case study for generations
In a surprising twist, it looks like Elon Musk’s purchase of Twitter may go through after all. With all of the ups and downs, many experts say the ordeal will be “immortalized in case studies for future captains of industry”.
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