December 7, 2023
Posthaste: Why these economists think the Bank of Canada will cut rates as early as April
The Bank of Canada’s decision to hold its benchmark interest rate Wednesday was no surprise, but as one economist pointed out the conversation had already moved on.
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RELEVANT NEWS
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The central bank announced its decision to keep its key interest rate steady at five per cent Wednesday, encouraged by evidence that higher rates are helping bring inflation down.
Government of Canada announces finalized agreements with Visa and Mastercard to lower credit card transaction fees for small businesses
These new agreements will help more than 90% of credit card–accepting businesses in Canada qualify for lower rates and see their interchange fees reduced by up to 27% from the existing weighted average rate.
Canada’s unemployment rate rises to 5.8% as job gains fail to offset population surge
The country added almost 25,000 positions last month after an increase of 17,500 in October, Statistics Canada said Friday in a report. The gain was slightly stronger than expectations on Bay Street.
Is a soft landing possible after this rate-hike cycle?
In its rate announcement, the bank highlighted GDP contractions, stalling consumption and unemployment as factors behind its decision to hold again.
New laws take effect in 2024 for Toronto as well as Ontario and Canada
The City of Toronto, the Province of Ontario, and Canada’s federal government will all be introducing new laws and tweaks to existing ones in January, and here are some of the ones that could impact your day-to-day.
Opinion: Don’t blame immigration for inflation and high interest rates
In the 12 months ending in March 2023, Canada welcomed nearly 1.2 million new people, a record for a one-year period. For 2023, population growth is expected to surpass three per cent, a 65-year high.
CFA’S ADVOCACY PRIORITIES FOR 2022-2023
- Access to Labour for Franchisors and Franchisees
- Access to Capital
- Common Employer: Adopt the 4 Factor Test
- Burdens of Small Business:
- Ensuring a Fair Playing Field for Franchised Business under Environmental Legislation
- Educating Public Officials About Franchising
Burdens of Small Business: Taxes
Keeping corporate and small business tax rates low and exploring additional tax incentives for entrepreneurship, like opening a new franchise location, can provide the best opportunity for small businesses to succeed and resume their role as an economic engine for the province.
CFA ADVOCACY ACCOMPLISHMENTS
The CFA is dedicated to guaranteeing that policymakers nationwide recognize the significant role played by the franchise business model in Canada’s economy and its impact on the livelihoods of nearly two million Canadians employed in franchising.
Learn more about our recent advocacy accomplishments here:
2023 | 2022 | 2021 | 2020 | 2019
THE CFA NEEDS YOUR SUPPORT!
Be active, be engaged, and get involved with the CFA’s advocacy work to help protect the franchise business model.
We need your donation to help support the work we’re doing to protect, promote, and advance the franchise industry in Canada. By supporting CFA’s advocacy with a financial donation, you can help augment and strengthen our advocacy initiatives. Learn more about our initiatives here.
Thank You to Our Advocacy Champions
