November 30, 2023
What to expect from the next Bank of Canada interest rate announcement
The Bank of Canada (BoC) is set to issue the final interest rate update of the year next month. The announcement will come on Wednesday, December 6 at 10 am ET, marking the eighth interest rate announcement this year. Canada’s central bank held the key interest rate at 5 per cent in the last update in October.
Canada Digital Adoption Program
Technology and the pace of change has accelerated rapidly in the last few years. If you are having difficulty keeping up, or want to optimize the digital capacity of your business, consider applying for a Canada Digital Adoption Program (CDAP) Boost Your Business Technology.
RELEVANT NEWS
B.C. lays out roadmap for million job openings forecast in next decade
The B.C. government is pitching new tools for the next generation of job seekers it says will be needed to fill an estimated million job openings in the next decade.
Bank of Canada governor commiserates with consumers and talks rate strategy at Saint John, N.B. business luncheon
Tim Macklem knows Canadians are under growing financial pressures, but notes they’re not afraid to raise the policy interest rate to further combat inflation.
Posthaste: Why the Bank of Canada could cut interest rates much more than markets expect
The Bank of Canada is widely expected to hold its benchmark interest rate when it meets next week, but a lot has changed since October.
The unexpected negative effects of pay transparency
Pay transparency laws are coming to Ontario, and while studies show that such requirements reduce income inequities, their implementation can also bring some unintended consequences.
Companies increasingly turn to private lenders for financing
Canadian businesses rejected by banks are increasingly turning to private lenders for financing, as demand for capital outstrips supply in the traditional debt market.
International students anxious as 20-hour-per-week work cap could be re-imposed
In November last year, Gunwant Singh Atwal got some welcome news. Singh Atwal, a student at Cape Breton University pursuing his degree in Healthcare Management, learned that the federal government would lift the work cap limiting international students’ ability to work more than 20 hours per week for one year.
Traditional Employment Remains Most Popular Choice Despite Recent Popularity of Gig Economy
The desire of employees and job seekers for more flexibility has upended the workforce and caused worry amongst companies that they will lose employees to the gig economy, but traditional employment remains the most popular among both employers and job seekers according to a recent survey from The Harris Poll commissioned by Express Employment Professionals.
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: Adopt the 4 Factor Test
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:
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
