Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Renters under pressure: When will the fever break in the hot rental market?
Ask the average renter and they can tell you: Canadian rents have soared in recent years.
Amount of energy needed for Bitcoin mining has doubled in Canada this year, study finds
Canadians have used an enormous amount of electricity for Bitcoin mining this year, placing additional strain on the country’s power grid.
Canadian unemployment rate rises to 6.4%, with student summer jobs especially hard to come by
The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday. The unemployment rate has trended upward for more than a year, with 1.4 million people unemployed in June, according to the agency’s monthly Labour Force Survey.
A pathway to greater efficiency for Canadian finance leaders
Earlier this year, the Bank of Canada noted an urgent need for the country to elevate its productivity levels. Improving productivity through efficiency, can allow our economy to grow faster and lessen the risk of inflation. Encouragingly, this is an achievable scenario. The Canadian market is brimming with technology that can help companies work smarter, optimize workflows, and achieve their business goals.
How a weaker Loonie impacts Canadian consumers and investors
As the Canadian dollar continues to weaken against the U.S. dollar, Canadian consumers and investors are feeling the economic strain of higher prices for imported goods and reduced purchasing power compared to their U.S. counterparts. Worse, some currency watchers don’t expect the loonie to appreciate any time soon.
Canada’s unemployment rate rose to its highest level in more than 2 years last month
The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday. In its monthly labour force survey report, the agency said the unemployment rate came in at 6.4 per cent for the month, up from 6.2 per cent in May, as the size of the labour force grew.
Why cleaning up Canada’s building industry could be a big win for the economy and climate
New net-zero building designs and decarbonizing retrofits could lay the foundation for a green building boom — but the challenges are formidable.
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