February 8, 2024
RELEVANT NEWS
Bank of Canada says federal budget could hinder inflation fight
Bank of Canada (BoC) Governor Tiff Macklem on Thursday said Prime Minister Justin Trudeau should avoid major spending increases in his next federal budget so they do not hinder the central bank’s efforts to bring down stubborn inflation.
B.C. to review its Labour Relations Code for first time since 2018
Labour Minister Harry Bains says the panel has been told to report back to him by May 31 after consulting interest groups and Indigenous communities on the labour laws.
CBDC’s Newcomer Loan Program provides flexible financing to newcomers
The Newcomer Loan Program provides financing to those who won’t receive support from other financial institutions, including banks, because of their residential status.
BoC meeting summary shows central bankers wary of cutting rates too early, having to reverse course
Members of the Bank of Canada’s governing council are wary of cutting interest rates too early and having to reverse course if inflation rebounds, according to a summary of the discussions that took place ahead of the central bank’s Jan. 24 rate decision.
Working from home has a dark side, research suggests
Proponents of working from home like to tout benefits such as increased productivity and better work-life balance, but research suggests remote work could harbour a dark side, too.
Canada to see ‘soft landing’ but not recession in 2024, economist forecasts
“Growth is going to be below one per cent, so there’s not much growth especially if you look compared to 2021-22 this is quite modest growth but the economy will continue to grow anyway, especially the second part of 2024,” Pierre Cléroux, chief economist of the Business Development Bank of Canada, said.
Canadian market experts see interest rates starting to drop in April, BoC survey finds
By the end of 2024, the market experts’ median forecast is for the policy rate to come down to 4 per cent, the same as their forecast in the previous survey released in November.
Business decries Ottawa call for an end to reliance on cheap foreign labour
Canada’s immigration minister is taking steps to curb the country’s dependence on temporary foreign labour and international students, prompting pushback from business groups that say there aren’t enough domestic workers available to sustain parts of the economy.
‘Labour shortage is real.’ Canadian retailers push back on Ottawa’s foreign labour cap
Marc Miller said companies, including “big-box stores,” are already lobbying against the planned reduction in permitted work hours for international students in comments made Tuesday to BNN Bloomberg.
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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
Common Employer
There needs to be clarity in employment law that allows the franchisor to protect their intellectual property and maintain standards across the system, without the risk of a labour board deeming such actions de facto control, which would result in a common employer declaration.
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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