January 26, 2023
| Competition Bureau Releases Draft Guidelines on Enforcement of New Criminal Wage-Fixing and No-Poach Prohibitions – Here’s What They (May) Mean for Your Franchise Business by Davit Akman | Sofi Katsovskaia | Larry Weinberg The Canadian government recently enacted amendments to the Competition Act intended to prohibit agreements between and amongst unaffiliated employers to fix wages or terms or conditions of employment or not to solicit or hire each other’s employees. Click here to learn more. |
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.
| Federal Government Digital Adoption Grant Program Do you own a small or medium-sized Canadian business? Get a grant and access to expert advice to increase online sales, reduce costs, better manage inventory and more! 1. CDAP Grow Your Business Online Grant Looking to implement e-commerce capabilities to remain competitive? Need to serve existing customers more effectively and attract new customers? With a micro-grant of up to $2,400, we can help with the costs related to adopting digital technologies. 2. Boost your Business Technology Grant Looking to increase productivity? Need to consolidate your back office software? Need better cybersecurity tools? With a plan tailored to your business, CDAP can help with your digital transformation. Get up to $15,000 to boost your business technology. |
RELEVANT NEWS
Quebec minimum wage will increase to $15.25
Quebec’s minimum wage will increase to $15.25, Labour Minister Jean Boulet announced Wednesday. It’s a pay bump of $1, meaning a minimum wage worker who works 40 hours a week will make an additional $2,000 a year, roughly.
Bank of Canada likely to raise rates again Wednesday — but should it?
The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, it’ll be the eighth time in a row that the bank has opted to hike its benchmark rate, which makes borrowing money more expensive for consumers and businesses.
Monetary Policy Report – January 2023
As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024.
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4½ %, with the Bank Rate at 4¾% and the deposit rate at 4½ %. The Bank is also continuing its policy of quantitative tightening.
| Are you struggling to hire? The CFA is hosting a virtual Career Fair in collaboration with Humber College to help address the labour shortage issues affecting our members. For , you’ll have the chance to: -Submit unlimited job postings for positions across your organization -Access Humber College’s pool of qualified, eager students looking to gain co-op work experience and earn school credits -Hire for part-time, full-time, and unpaid internship positions -Have your job postings featured on the CFA’s job board and Humber College’s career portal –Retain student contacts for future opportunities REGISTER NOW |
RELEVANT NEWS
Beyond the Bank of Canada’s rate hikes: The era of low interest rates is over | January 24, 2023
22% of Canadians say they’re ‘completely out of money’ as inflation bites: poll | January 25, 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.
