Business openings drop by 50% as possible recession looms
The lack of openings this year comes as small businesses struggle with inflation and debt
- By: Rosa Saba, The Canadian Press
- September 30, 2022 September 30, 2022
- 15:58
The lack of openings this year comes as small businesses struggle with inflation and debt
A surprising number of workers younger than 65 are retiring early
Yet clients will need guidance in the medium term due to real estate-driven volatility and affordability pressures
Bankruptcies and debt restructurings were up sharply from last year
CFIB members' outlook aligns with expectations for a second-half slowdown, TD says
Canadians' personal finances have worsened, BDO survey suggests
The poor performance was the second consecutive quarter of economic contraction
Some banks expect third-quarter growth of about 1%
Winnipeg, Toronto and Vancouver are expected to see the largest declines
Majority of active managers outperformed in first half of 2022, S&P reports
The pound touched an all-time low against the U.S. dollar on Monday
Christine Lagarde said the bank's baseline scenario was subdued economic growth
Faster deliveries and less congested ports point to diminishing disruptions
Russia's invasion of Ukraine cited as key factor in global economic slump
ETF sales stay positive, mutual fund redemptions moderate
Bank hikes Fed forecast 75 bps, adds 25 bps to BoC call
A lower loonie might make it harder for the Bank of Canada to stem inflation
Proposals to boost central clearing, would curb systemic risk, report says
The bank matched last month's half-point increase to bring its benchmark rate to 2.25%
Slowing growth to curb demand for metals, lowering prices and earnings
Mercer Canada surveyed organizations about compensation plans for 2023
Report highlights size of portfolio decarbonization challenge
Weaker demand expected to curb record profits