Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s hot housing market ‘settling down’ amid rate hikes, new listings A return to Bank of Canada interest rate hikes and growth in new listings started to cool off the housing market in June, according to the Canadian Real Estate Association. Here’s what could send the Canadian dollar higher… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Struggling mortgage holders could see lenders waive fees under new guidelines Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher interest rates. Canada unexpectedly posts largest trade deficit since 2020 Canada’s merchandise… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Will there be a recession in Canada? What the latest data tells us Canada’s economy is showing signs of underlying strength as some consumers and businesses brush off recession fears, a flurry of data releases suggest. Some say the door is open for the Bank of Canada to pause… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Food prices to stay higher than before pandemic: RBC RBC economist Claire Fan talks about why food prices are going to slow, but not to pre-pandemic levels. Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesses Shopify CEO Tobias Lutke is ready… Read more
CPA Ontario Provides Notice of Intent to Conclude Current Arrangement with CPA Canada TORONTO, ON, June 20, 2023 – CPA Ontario, the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario, has provided notice of intent to conclude its current arrangement with CPA Canada and align on new working relationships. The change to CPA Ontario’s relationship with CPA Canada, which coordinates certain services and programs for provincial… Read more
Our team is wishing you and your family a Happy Canada Day! To all Canadians around the world, a very happy Canada Day to you all! Please note that our office will be closed from end of day Thursday, June 29 through Monday, July 3. We will re-open at 9:00 AM on Tuesday, July 4. Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Air Canada says it gave ‘erroneous’ response on delays compensation Air Canada says it will offer compensation to travellers who were affected by flight delays caused by technical problems in recent weeks. The airline, which had initially faced questions over messages reportedly sent to passengers saying they would not… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canadian economy surges, rate hike expected Canada’s economy exceeded expectations, growing 3.1% annually in Q1 due to increased household spending and favorable international trade. This may pressure the Bank of Canada to consider raising interest rates. AI stocks like Nvidia are surging. Should you buy into the hype? Nvidia,… Read more
As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices out there, it can be challenging to know where to start. That’s where we come in! In this guide, we’ll break down the essential accounting principles that every small business owner should know. We’ll discuss how these principles can help you keep track… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Small businesses are getting a break on credit card fees starting next year Small businesses in Canada will no longer have to pay credit card fees starting in 2024. This is due to a new federal government initiative that will require credit card companies to lower their fees. This… Read more
When you go into business as a tradesperson, your focus is often on performing your trade to the best of your ability – as it should be. With time, the quality of your work will speak for itself, which is the most valuable testimonial of all. However, any trades accountant or bookkeeper will tell you there’s more to it these days. While your good reputation preceding you is undoubtedly essential,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian support for royals may have slumped, but the scenes in London tell a different story Support for the monarchy in Canada is at its lowest point in years, but there were still a large number of Canadians present at the King’s coronation in London. In a continuation of… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Tentative agreement reached in public sector strike The government and the public sector union have come to a tentative agreement that would see around 120,000 public servants return to work after a strike that lasted almost two weeks. The agreement covers wage increases, remote work agreements, and protections against… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. CRA strike: what you need to know PSAC’s strike has disrupted many government services, including those provided by the Canada Revenue Agency (CRA). While tax filing is still possible, there may be delays in processing, particularly for paper submissions. Get more details here. US stocks down, but earnings season… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Federal strike looms Over 100,000 workers across Canada, including around 35,000 Canada Revenue Agency workers, are set to walk off their jobs if a deal cannot be reached on issues like job security, wages, and remote work. SpaceX postpones first attempt to launch Starship rocket into orbit SpaceX is… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 5 positive personal finance trends in Canada today There’s been plenty of bleak financial news lately, but the Globe and Mail has rounded up five reasons you can feel good about your finances. Learn what they are here. Why founders need to pay themselves When you’re raising venture capital… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadians living alone squeezed by the “singles tax” Singles are feeling the pinch as rents rise, dubbing it the “singles tax”, which is the difference between what a single person pays for an apartment, groceries, and gas versus what it would cost per person if shared by a couple.… Read more
The entire AoM team is wishing you sunshine, good times and a very happy Easter this year! We hope you have a chance to head outside and enjoy the springtime weather! Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian banks are better protected from US-style “bank runs” Canada’s Big Five banks are large, diversified and well-capitalized, have experienced leadership and are closely monitored by a respected banking supervisor. Learn more about why experts agree that Canadian banks are safe. Nordstrom Canada liquidation sales begin this week Nordstrom… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canada and others rushing to stop Silicon Valley Bank crisis from spreading Governments in the US, UK, and Canada are taking steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank, with more than $200bn in assets, caused fears of wider disruption. The first… Read more