February 22, 2024
Canada’s January unemployment rate to hit 5.9%—highest since the pandemic
The data for the first month of 2024 will tell a similar story to the one we have observed over 2023—employment is rising but not quickly enough to prevent an increase in the unemployment rate.
RELEVANT NEWS
Canada in store for 1.25% interest rate cut in 2024: CIBC
In its latest provincial forecast, CIBC Capital Markets predicts that the country could be in store for a 1.25% rate cut in 2024.
‘A big positive shift’: What economists say about Canada’s inflation numbers
Canada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to start cutting rates as early as June. Here’s what economists are saying about the numbers.
It’s now looking like we won’t see an interest-rate cut until June — why does the Bank of Canada keep us guessing?
This will seem odd, but the economy is performing too well for the Bank of Canada to provide Canadians with interest-rate relief. The consensus prediction of economists is that the Bank won’t start cutting rates until June or July.
Opinion: We no longer believe inflation will come down any more, and that’s dangerous
One of the central objectives of the Bank of Canada is keeping inflation low, stable and predictable – and the mission to wrestle it back down to 2 per cent has been continuing for the past few years.
Bank of Canada’s inflation ‘buffet’ muddies timing of interest rate cuts
The Bank of Canada says it’s watching core inflation closely as it weighs when to cut interest rates, but a mixed bag of measures gives it options on timing and clouds the outlook for markets and economists.
Canada inflation slows more than expected to 2.9% in January
Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the coming months.
BoC’s Macklem highlights inflation fighting errors, lessons learned in new essay
The surge of inflation over the past three years has been a “stark reminder” that central banks can’t always ignore supply shocks and hope price increases stabilize on their own, Bank of Canada Governor Tiff Macklem wrote in an essay published last week.
Young people are quickly dropping out of the labour market
The labour participation rate for those aged 15 to 24 fell to 62.7 per cent in January, down a full three percentage points from last April, according to figures from Statistics Canada.
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
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: Minimum Wage
The CFA seeks to ensure increases are predictable and phased in over a reasonable amount of time. Significant and unpredictable increases in the minimum wage can have a dramatic impact on our members and their businesses, potentially resulting in hiring freezes, price increases, and reduction of employee hours.
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