February 15, 2024
RELEVANT NEWS
Labour Force Survey, January 2024
There were employment gains spread across several industries in the services-producing sector, led by wholesale and retail trade (+31,000; +1.1%) as well as finance, insurance, real estate, rental and leasing (+28,000; +2.1%).
What a mixed jobs report means for the Bank of Canada, according to economists
The Canadian economy added 37,000 jobs in January and the unemployment rate fell to 5.7 per cent, according to figures released Feb. 9 by Statistics Canada. While that beat expectations of a 15,000-job gain, the picture wasn’t all rosy. Here’s what economists had to say about the report.
Bank of Canada believes interest rates need more time to work, minutes reveal
The central bank left its key overnight interest rate at five per cent last month and central bankers are now weighing how much longer it will have to be maintained at that level, according to a summary of the deliberations that led to the Jan. 24 hold decision.
What January’s employment data suggests to expect from Bank of Canada in terms of interest rate changes
The Bank of Canada will be in no rush to cut interest rates after Statistics Canada reported a larger-than-expected employment gain last month, economists say.
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.
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Thank You to Our Advocacy Champions
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
Government needs to provide the right economic climate and smart tax structures for entrepreneurs to have the best chance at surviving and succeeding. Our ask is that the Ontario government continues its work to maintain a low corporate income tax rate and enhance tax credits to help small business owners, particularly franchisees, thrive.
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:
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