Tag: Economy

Experts Expect Food And Gas Prices To Rise | CTV News

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HALIFAX — If you’ve found it difficult to purchase certain products and goods lately, you’re not alone. Experts say the COVID-19 pandemic disrupted the global supply chain, slowing economies that are now picking up the pace. This has lead to shortages for some items and rising prices for others. At Sweet Jane’s Gift and Confectionary in downtown Halifax, the store shelves seem full. But owner Janet Merrithew notes some supplies are delayed coming in and several suppliers have been contacting her last minute to say shipping costs are going up.…

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Majority Of Baby Boomers Would Opt For Semi-Retirement If Employers Only Allowed: Poll | CBC News

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The majority of working baby boomers would stay on the job longer if employers allowed them to shift into semi-retirement — but most workplaces don’t provide that option, a new survey suggests. With unemployment in Canada at record lows and a labour shortage poised to hit critical levels when boomers hang up their hats, semi-retirement could be one way to help manage that crisis. Since working longer puts more money in people’s wallets when they do retire, that increased spending power would benefit the economy as well. Read full story here: Majority Of Baby Boomers Would Opt…

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Machines Replacing Workers: Fed Budget To Look At Historic Economic Challenge | The Chronicle Herald

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WASHINGTON — Next week’s Canadian federal budget will raise concern about workers being displaced en masse by new technologies. It’s arguably an under-told story of the last U.S. election — people often talked about Ohio and Pennsylvania’s coal miners and steel workers, less so about technologies pushing them aside: automated steel production, and the 3D underground imaging finding cheaper natural gas. It’s a concern as old as policy-making itself. The very first book of Aristotle’s ”Politics” warned that if shuttles could weave and harps could pluck themselves, labourers and slaves would be obsolete. When the…

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Canada’s Oil Industry Expected To Lose Another $1.1B This Year – Business – CBC News

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All in, the board forecasts that Canadian oil companies will lose a cumulative $1.1 billion Cdn before taxes in 2017. That’s better than the $8.6 billion lost in 2016, but still solidly in the red. “Global demand is expected to increase in coming years, suggesting that prices will continue the upward trajectory that began late last summer,” board economist Carlos A. Murillo said. “Despite recent positive developments, however, we do not expect the industry’s bottom line to return to positive territory until the fourth quarter of this year given that it started…

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