Weekly Digest – 19 October 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Most of us expect prices to stay high and inflation to continue
New surveys from the Bank of Canada reveal that most consumers and businesses think Canada will enter a recession. Not all economists are convinced… yet.
Loblaw’s freezes prices, but some suspicious of motivation
On Monday, Loblaw’s announced it was freezing prices on its No Name products in its stores until January. It’s a popular strategy that has been used by grocery stores abroad as the cost of living bites, but some are labelling it a PR move.
Economic conditions provide provincial governments with a windfall
Due to a roaring economy and soaring inflation, most provincial governments are flush with cash these days. But experts warn that it’s an illusion that isn’t likely to last.
How to know if you’re about to pay a credit card use surcharge
Ask CBC has compiled a list of rules that retailers charging the fee must adhere to. They’re meant to help you know whether you will have to pay extra for using a credit card before shopping.
Hockey fans irked by high-tech ads
The National Hockey League says that it’s pleased with the integration of dynamic, high-tech ads that appear on the rink for TV viewers at home, but aren’t visible to fans who are live in the arena. Those seeing the ads aren’t as enthused, saying they are ineffective and detract from the game.
The housing market is “in a funk”
New numbers confirm what many have long suspected – the housing market has slowed down. Sales for September were down by more than 30 per cent compared to the same period a year ago, and prices have sunk as well.
The business of wellness
Canadian Business interviewed journalist Rina Raphael on her new book, The Gospel of Wellness. It’s an insider look at the trillion-dollar wellness industry, which puts pressure on women in particular.
Enhanced security measures may impact Represent a Client
The CRA is reminding tax professionals that enhanced security requirements in Represent a Client (RAC) could impact your ability to log into RAC and access client data. Details can be found here.
Tim Hortons rejects $5 bill printed in 1986
A woman in Sudbury was surprised when the bill she presented as payment wasn’t recognized by the young employees working at the register, and they rejected it. A Bank of Canada spokesperson said that while merchants have the right to refuse any form of payment, all older banknotes retain their value and can be exchanged for newer bills at any bank.
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