Raising the minimum wage may lead to losing 60,000 jobs The latest report by the central bank shows that minimum wage increases in Canada may cost the economy about 60,000 jobs by 2019, even in spite of the obvious benefits they will provide. The Bank of...

Canada’s Top CEOs will earn about $50K each by this afternoon Just before you drink your second coffee today, the top 100 Canadian CEOs will earn a sum equal to an average worker’s annual income. A new report shows that by 10:57 a.m. January 2, the...

Statistics Canada’s previous report on foreign homebuyers is just the beginning According to the Statistics Canada’s new real estate program director, the government’s recent report providing the most thorough data on foreign ownership so far, was just a small part of what comes next. In 2018,...

The average consumer debt in Canada reaches $8,500 According to the latest survey by Ipsos, the average sum a Canadian owes in consumer (non-mortgage) debt reached $8,539.50. Nevertheless, the Canadians feel more optimistic about their financial state than in 2016. The poll was conducted during the...

Canadian economic growth slowed down in October According to Statistics Canada, the national economic growth was unchanged in October, as the increases in the wholesale trade and retail sectors were offset by a drop in oil and gas extraction. Meanwhile, economists expected the GDP to show...