Jonathan Frostick’s first resolution after suffering a heart attack in April was to cut down on video conferencing at work. “I’m not spending all day on zoom (sic) anymore,” the London, U.K.-based program manager financial services firm HSBC, wrote on LinkedIn last month.“I’m restructuring my approach to work,” Frostick continued. “I’m really not going to be putting up with any s#%t at work ever again — life literally is too short.”The vow struck a chord. The post has attracted more 295,000 likes and 15,000 comments so far, with readers sympathizing with Frostick and sharing readmore
The Canadian dollar has come a long way in the past year and its trajectory places it among the strongest currencies of 2021. It has been trading above 81 cents relative to the greenback for seven days in a row, and currency analysts say it could climb further in coming months.The loonie had plunged to 70 cents US at the onset of the pandemic, when fearful investors piled into the perceived safety of the greenback. And commodity prices collapsed. But things are different now.As the uneven global recovery begins — with Asian economies at the forefront and China leading the charge — demand readmore
Recent government changes to the bill meant to modernize the Canadian broadcasting act could expand regulation to everything individual Canadians put on Facebook, Instagram or YouTube. The bill, in its current state, would turn the YouTube video of a kid’s soccer game, or the Instagram reel you posted of your brunch, into a “program” that could be subject to regulation under the Canadian Radio-television and Telecommunications Commission’s (CRTC) rules.“It’s your Facebook post. It’s your tweet. It’s your cat videos. It’s your pictures of your children and grandchildren and that sort of stuff,” said readmore
Economists say the Canadian dollar is at a ‘sweet-spot’ after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn’t hurt businesses too much. The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It’s been above 80 cents US since last week.Colin Cieszynski, chief market strategist with SIA Wealth Management, said it is important to remember that the Canadian and U.S. dollars were at parity only a decade ago, so businesses won’t be hurting too hard just yet.READ MORE: Loonie could hit pre-coronavirus levels if readmore
On October 6, 1957, Russia’s Sputnik 1 made history as man’s first satellite to reach into space. Today, an estimated 6,000 satellites are making the rounds in Earth’s lower orbit, along what has become a busy satellite superhighway. Private industry is driving a space boom. Over the next several years, companies like Amazon and SpaceX plan to launch tens of thousands of satellites. Commentary: Upcoming space missions to keep an eye out for in 2021 Canada, too, is investing more money in their own space fleet, and even some upcoming trips to the moon. In total, $9.9 million was included in last week’readmore
The Bank of Canada is expecting strong consumption-led growth in the second half of the year as vaccinations against COVID-19 continue, Governor Tiff Macklem said on Tuesday. In comments to the House of Commons finance committee, he reiterated that considerable uncertainty surrounded the central bank‘s forecast that economic slack should be absorbed in the second half of next year. Read more: Bank of Canada keeps rates at 0.25%, raises country’s economic outlook The bank signaled last week it could start hiking rates from their record lows in late 2022, as it sharply boosted its outlook for the Canadian economy and readmore

Canada’s 2021 tax deadline is still April 30. Despite renewed school and business shut-downs in parts of the country due to the third wave of the COVID-19 pandemic, Ottawa did not prolong the tax season this year. April 30 is the cutoff for turning in your individual income tax return and paying any taxes owed. As usual, if you’re self-employed, you and your spouse or common-law partner have until June 15 to hand your tax paperwork over to the Canada Revenue Agency. But you still need to pay any tax balances by the end of April. Read more: ‘Fear and uncertainty:’ What readmore
Finance Minister Chrystia Freeland’s budget pledges the federal government will pony up $30 billion over the next five years to create a Canada-wide early learning system and a permanent funding increase of $8.3 billion per year thereafter. The goal is to cut childcare fees in registered centres in half by the end of 2022 and eventually reduce the cost of childcare to $10 per day by 2026, the budget said.READ MORE: Federal budget delivers big promises on childcare, tamer housing measuresBut Alberta — along with Manitoba and Ontario — has already voiced skepticism about the federal government’s offer, which comes with an emphasis on readmore
Canada’s provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies.But in Canada, some of the new public spending will settle at a permanently higher level or resume an upward trend once life goes back to normal, some economists say. Read more: How Canada’s federal budget affects benefits, taxes, and the minimum wage In Ottawa, the 2021 federal budget is eyeing a slew of new measures — readmore
The Bank of Canada will say Wednesday how it sees the economy faring over the coming months and the path for inflation amid the third wave of the COVID-19 pandemic.Along with the outlook, the bank will announce what is happening to its key interest rate target that has been set at 0.25 per cent during the pandemic in a bid to lower interest rates on consumers and companies and boost the economy.READ MORE: Consumers expect to return to pre-COVID-19 spending within a year, BOC saysGovernor Tiff Macklem has said the rate won’t move until the economy is ready readmore
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