Economic News from RSM
Canada’s Consumer Price Index fell to 1.6%, the smallest increase since February 2021, mainly thanks to lower gasoline prices.
On a monthly basis, CPI fell 0.4% in September after falling 0.2% in August, both due to lower gasoline prices. Gasoline prices fell 7.1% in September compared to August. On a year-over-year basis, gasoline prices fell 10.7%.
On a seasonally adjusted monthly basis, CPI was unchanged at 0.0%. … READ MORE >
As rates fall but remain above pre-pandemic levels, businesses must harness opportunities to create and deliver values through strategic investments to boost productivity. … READ MORE >
The increase in jobs, the largest since April, gives confidence that Canada can maintain a soft landing until the Bank of Canada’s rate cuts, which began in June, are sufficient for the economy to awaken. … READ MORE >
Canada regulators are pushing for increased competition in the internet space with a new regulation designed to give consumers more choice and competitive pricing, while offering a leg up to smaller telecoms providers seeking to grow their share of the market for internet service.
On Aug. 13, the Canadian Radio-television and Telecommunications Commission issued a new telecom regulatory policy that requires Canada’s three largest telecoms providers—Rogers, Telus and Bell—to give competitors access to their predominant fiber networks for a fee. since May to Ontario and Quebec, the nation’s two largest provinces. … READ MORE >
The Bank of Canada will need to continue rate cuts amid disinflation as well as rising unemployment and sluggish growth. … READ MORE >
Canada’s shifting immigration policies highlight the delicate balance between addressing short-term economic concerns and safeguarding long-term growth. … READ MORE >
The data in Canada’s labour survey for August paints a picture of a cooling job market as the economy added a mere 22,000 jobs and the unemployment rate rose to 6.6 per cent. … READ MORE >
Rates need to come down for businesses to start hiring again and to help those workers struggling to find employment. … READ MORE >
While raising the capital gains tax rate might help the government boost revenue, it could delay the economic recovery that Canada needs by temporarily discouraging investment. … READ MORE >
Even if the strike is resolved quickly and significant damage is avoided, this strike is the latest of events that highlight the need for companies to develop supply chain resiliency. … READ MORE >
