The Bank of Canada announced on Wednesday that it would raise its overnight rate to 0.5%, 25 basis points from the lower bound policy rate of 0.25%, to tackle inflation. … READ MORE >
Canada
Canada’s growth picked up at end of last year as economy reopened
The Canadian economy ended last year on a strong note, expanding by 4.6% in 2021 on an annual basis thanks to a reopening economy. … READ MORE >
Canada’s supply chain worsens amid omicron’s spread
RSM Canada’s Supply Chain Index worsened to 1.84 standard deviations below zero in January, down from a revised 1.36 standard deviations below neutral in December as the omicron variant spread across Canada and the world. … READ MORE >
Canada’s retail sales slump because of omicron
Retail sales in Canada plunged by 1.8% in December across all provinces as the spread of the omicron variant hurt holiday shopping. … READ MORE >
This week in energy: Jet fuel demand, oil and gas earnings, ESG metrics
In this week’s energy industry analysis, we take a look at the jet fuel demand landscape, fourth-quarter earnings reports for oil and gas companies, and the first oil and gas producer in North America to issue a sustainability-linked bond. … READ MORE >
Environmental and facilities services see a sunrise powered by legislation, automation: Spring 2022 outlook
Environmental and facilities services companies are poised to take advantage of infrastructure legislation and productivity-enhancing technology. … READ MORE >
Law firms implementing new battle plan in war for talent: Spring 2022 outlook
Law firms that focus on improving productivity and justifying rate increases by bringing greater value to clients will reap the benefits of those strategic shifts long after labor challenges subside. … READ MORE >
5G, IoT and ESG—An opportunity for telecom to drive change: Spring 2022 outlook
As the focus on environmental, social and governance initiatives continues to grow among companies, investors and consumers, 5G is poised to provide substantial environmental benefits relative to current and past network technologies. Read RSM’s outlook for the tech sector. … READ MORE >
Could the video gaming and esports industry be at the center of the next economic evolution?: Spring 2022 outlook
Video gaming and esports, perhaps at one time thought to be just a hobby for young children, should be discounted no more. VG&E is a multibillion-dollar industry poised to lead and remain at the center of a global economic renaissance. Read RSM’s outlook on the sector. … READ MORE >
Tech investment sets new records while cloud software growth continues: Spring 2022 outlook
In a year filled with pandemic challenges that included labor constraints and global supply chain issues, the technology ecosystem achieved new records in all categories of investment, including venture capital, private equity and initial public offerings, with both IPOs and special purpose acquisition company transactions hitting new highs. … READ MORE >