Economy

First signs that Canada could be heading for a price-wage spiral, says an economist

As more and more workers demand higher wages in the face of soaring inflation, economists are wondering if Canada is in a wage-price spiral. (RJ Johnston/Toronto Star via Getty Images) As more employees demand higher wages in the face of 40-year high inflation, an economist says there are warning signs of a wage-price spiral. “I …

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Albert Einstein said insanity does the same thing over and over again and expects different results

As of 4:21 p.m. EDT based on gold futures, the most active December futures contract is currently set at $1668.90, a net decline of 0.07% or 1.10 $. Gold futures traded at a slightly higher high and a higher low than yesterday. However, yesterday’s relief rally took gold from a low of around $1622 and …

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Inflation has yet to peak, CFOs say recession is here or about to hit

At CNBC’s Delivering Alpha Investor Summit in New York on Wednesday, several big names in the investing community indicated they saw no signs of slowing inflation. David Rubenstein, co-founder and co-chairman of the Carlyle Group, said that while “we’ve been used to 2% inflation for 25 years, we have to get used to the fact …

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‘The worst is yet to come’: Eurozone and UK are in recession, US ‘flirts’ with one – Credit Suisse

(Kitco News) After an already chaotic September, “the worst is yet to come”, according to Credit Suisse, which sees central banks counting on higher rates as economies face recession. Economies around the world are under threat as central banks are forced to ruthlessly tighten economic policy to curb inflation, Credit Suisse said in its latest …

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Help wanted: Wages are skyrocketing, especially in Montreal — and so are benefits

Breadcrumb Links Local News Local company Ask for help Now, candidates often “look for jobs” and make the decisions. Retrospective 2021: Labor shortage darkens Quebec’s sunny economy As the labor shortage worsens, Quebec launches a campaign to hire abroad Share this article on your social network Advertisement 1 This ad has not loaded yet, but …

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Retirement-aged women come up with creative ways to supplement their income

Podcaster, house sitter and retirement coach Jacquie Doucette, pictured in Vancouver, has pursued several different lines of business since retiring from public service.Maggie Naylor Jacquie Doucette was looking for a way to travel inexpensively after her official retirement from the Canadian public service. Thus, the Ottawa-area resident has joined an international network of home and …

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Labor shortages, pandemic savings to soften blow of short-lived recession: report – Castlegar News

A tight labor market and high savings during the pandemic will cushion the impact of a recession on Canadians, according to a new report from Deloitte. Deloitte’s latest economic outlook report predicts that Canada will enter a short-lived recession by the end of the year. The report says that while rising interest rates will lead …

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Fed Bullard: We are determined to get to the right level on rates

Learn more about the St Louis Fed President Adam’s button Thursday 29/09/2022 | 15:10 GMT-0 09/29/2022 | 15:10 GMT-0 If unemployment in the United States rises to 4.5%, it would still be healthy The Fed is certainly sensitive to global developments and the impact on US financial stability Inflation will start falling in 2023, but …

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