December 20, 2022
CFA’S ADVOCACY PRIORITIES FOR 2022-2023
- Educating Public Officials About Franchising
- Access to Labour for Franchisors and Franchisees
- Access to Capital
- Common Employer: Adopt the 4 Factor Test
- Ensuring a Fair Playing Field for Franchised Business under Environmental Legislation
Ensuring a Fair Playing Field for Franchised Business under Environmental Legislation
The CFA’s members are working hard to lead in environmental compliance. Businesses are switching from plastic products to paper, enhancing recycling, and using environmentally friendly products for cleaning, among other actions.
As the federal government moves forward with changes to environmental legislation, we ask that franchised businesses be treated fairly and not singled out. READ MORE.
RELEVANT NEWS
Government of Canada invests in recovery of small tourism businesses with support for two major partners in Quebec
“Thanks to the $40 million in support announced today, the FCCQ and Réseau des SADC et CAE will enable small businesses in the industry better equip themselves and enhance their offering for the upcoming tourism seasons,” says The Honourable Pascale St‑Onge.
Alberta announces details of inflation relief payments
Albertans on income support programs will automatically receive the first instalment of the government’s inflation-relief payments at the end of the month, while other eligible residents can submit applications next week.
Committee recommends N.S. raise minimum wage to $15 sooner than planned
In its December 2022 report, the committee recommended the province increase the minimum wage to $14.50 on April 1, 2023, and then to $15 per hour on Oct. 1.
Interest Rate Announcement and Monetary Policy Report
On eight scheduled dates each year, the Bank of Canada issues a press release announcing its decision for the overnight rate target, together with a short explanation of the factors influencing the decision.
Canada welcomes historic number of newcomers in 2022
Newcomers play an essential role in filling labour shortages, bringing new perspectives and talents to our communities, and enriching our society as a whole.
First permanent delivery-fee cap in Canada will help B.C. ring in new year
The new permanent cap limits the fees that delivery companies can charge restaurants to no more than 20% of the dollar value of an order.
Canadians’ debt payments higher now than in the ’90s when interest rates were 13%
Canadian commercial banks raised their prime lending rates to 6.45 per cent last week after the central bank increased its overnight rate by 50 basis points to the highest since early 2008.
Slumping temporary hiring could be a canary in the coal mine for labour markets
Ever since Canada’s booming December jobs report came out last week, economists have been pondering how the labour market can continue to defy the gravity of an economy that is, by all accounts, inching toward recession.
Canada’s Multi-Suite Residential and Industrial Real Estate Investment Activity to Remain Elevated in 2023: Morguard
Morguard Corporation recently released its 2023 Canadian Economic Outlook and Market Fundamentals Report, offering a detailed analysis of Canada’s commercial real estate market in 2022 and trends to watch for in 2023.
Posthaste: What to expect from inflation, interest rates and the housing market in 2023
Canada is likely in for another year of elevated inflation, at least one more interest rate hike and a continued downturn in the housing market, BMO said in a note predicting the top economic trends for 2023.
Regulations and Statutes in Force as of January 1, 2023
The Ontario government is making amendments to the Ontario Business Corporations Act that will require privately held business corporations to collect and retain certain beneficial ownership information and make it available upon request by law enforcement, tax, regulatory and other prescribed authorities.
After a strong year for the economy, 2023 will be shaped by high interest rates
The Canadian economy started off the year with a remarkable recovery from the COVID-19 pandemic, but heading in 2023, high interest rates are expected to take a significant toll.
Core inflation puts pressure on Bank of Canada to raise interest rates again
Canada’s inflation rate eased slightly in November but there were signs that underlying price pressures in the economy remain strong, increasing the odds that the Bank of Canada moves ahead with another interest-rate increase in January.
RELEVANT NEWS
Canada: Business Insolvency Filings See Sharpest Increase In 35 Years | January 11, 2023
Haven’t received your P.E.I. inflation support yet? Here’s what you need to know | January 10, 2023
International Experience Canada program is now open to welcome international youth to Canada | January 9, 2023
Promote your job opportunities with the CFA
To take advantage of this new opportunity, please submit your job postings (including a job description and directions for how to apply) to Andrew Schopp at aschopp@cfa.ca. For any inquiries, please contact Jessi-Lyna Wan at jwan@cfa.ca.
Please note the introductory offer ends October 31st, 2022. Any job posting submitted on November 1, 2022, and onwards will be subject to charges.
