ADVOCACY UPDATE | May 11, 2023

Educating Public Officials About Franchising

There is a mistaken perception that franchised businesses are not local businesses. While many brands are recognized across the country and across the world, local stores are owned by franchisees that live and work in their communities, from coast to coast to coast.

Bank of Canada launches public consultations on a digital dollar

As the world becomes increasingly digital, the Bank—like many other central banks—is exploring a digital version of Canada’s national currency. The consultation runs until June 19. READ MORE

Getting inflation back to 2%

Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. READ MORE

Recent developments in the Canadian economy: Spring 2023

Statistics Canada created an integrated summary of recent changes in output, consumer prices, employment, and household finances. READ MORE

Minimum wage in Canada by province and upcoming changes

The federal minimum wage increased from $15.55 to $16.65 per hour on April 1, 2023. Click the link below to learn more about the per province changes. READ MORE