Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
“The Great Retirement” hits Canada
While Canada’s labour force grew in August, we are losing younger workers to retirement. A record number of Canadians aged 55-64 are now reporting they retired in the last 12 months.
Used car prices becoming more reasonable
In the height of the pandemic, used cars suffered some of the highest rates of inflation, and getting your hands on one was tricky. In August, prices were lower than they’ve been since last September.
Canadians owe $1.82 in debt for every dollar they have
New data from Statistics Canada shows that the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings.
Biggest crypto upgrade ever is happening this week
The Ethereum blockchain is expected to undergo a major overhaul this week. The changeover will slash energy consumption by more than 99 percent.
Tourmaline expects 28% more cash flow in 2023
Tourmaline Oil, Canada’s largest natural gas producer, boosted its 2023 cash flow guidance to $6.58 billion, up from $5.14 billion, pointing to strong prices in the Northeast Asia and western United States markets.
Ford is coming for Tesla
Ford wants to be a leader in the electric vehicle space, and announced plans to offer its BlueCruise hands-free highway driving system with entry level models in 2023. The announcement caused Ford shares to jump 2% on Monday.
Is LinkedIn still a professional network?
Some say that LinkedIn has become too Facebook-esque, with a growing number of users sharing personal stories in an attempt to increase engagement or even go viral.
CRA focusing more on personal services businesses
The Canada Revenue Agency is escalating their scrutiny of personal services businesses, and the consequences for breaching these tax rules can be severe. Find out more here.
“Quiet Firing” is the supposed antidote to quiet quitting, but the phenomenon is far from new
Quiet quitting has taken social media by storm lately, but now the term “quiet firing” has entered the conversation. However, a recent LinkedIn News poll showed that 80% of respondents reported experiencing or observing quiet firing in their workplace.
Money will change eventually, but not anytime soon
With the death of Queen Elizabeth II on September 8, Commonwealth nations around the world began to wonder what will happen to the existing coins that bear the queen’s likeness.
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