TORONTO – Inflation falls, prices rise: the paradox continues. The latest Consumer Price Index (CPI) for May 2023 shows that the increase is 3.4% year-on-year, one point less than the 4.4% increase in April: according to Statistics Canada, the reduction – is the result of falling gas prices. (more…)
TORONTO – Tourism to Canada is in crisis: this was declared by the head of the Tourism Industry Association of Canada, according to which – as reported by Global News – companies in the sector are struggling to stay afloat and not drown in a sea of debt caused by the shortage of foreign visitors. A concern confirmed by a survey conducted between April and May by Nanos – online, on a sample of 149 accountants of tourism companies – according to which about 45% of operators could close within three years, unless the government intervenes to adjust the terms of the loans.
TORONTO – An unprecedented emergency. Canada could see a “record” level of burnt area this year: nine provinces and territories are already currently battling wildfires that have forced the evacuation of more than 100,000 people across the country since early May, government officials said today, showing wildfire risks are set to rise this month and remain “unusually high” throughout the summer in Canada. (more…)
TORONTO – I love Canada. There is simple underlying ethic to which, as Canadians, we all seem to subscribe: respect the Law; earn your bread; open doors to others; respect the lawful aspirations of fellow citizens; do not pull the ladder up behind you; leave the space you occupy in a better condition than you found it.
TORONTO – In many countries of the world, today – May 1st – was the Day of Workers. Not in Canada, where it falls on the first Monday in September (Labour Day). But, ironically, an agreement was reached just today between the Public Service Alliance of Canada (PSAC) – whose over 120,000 workers had been on strike since last April 19 – and the Treasury Board. However, the 35,000 employees of the Canada Revenue Agency (CRA) remain on strike: unlike other federal civil servants, CRA’s workers have not yet reached an agreement with the government. (more…)