Connect with us

Business

Poilievre blames Trudeau after Bank of Canada hikes interest rate again

Published

 on

Conservative Leader Pierre Poilievre blamed Prime Minister Justin Trudeau for the Bank of Canada’s decision to raise interest rates again Wednesday, saying government spending has fuelled inflation.

The central bank hiked its overnight rate by 25 basis points to five per cent — a move meant to tamp down persistent inflation in an economy that’s still performing relatively well despite a series of disruptive global events.

The bank’s decision will push up the cost of borrowing money. That means homeowners with variable-rate mortgages and consumers with car loans will need to dig a little deeper to pay their bills. Businesses also will have to spend more to get cash — costs that could be passed on to consumers.

“After eight years of Trudeau, life costs more. The culprit is Justin Trudeau,” Poilievre said at a campaign-style stop in Penticton, B.C.

“Trudeau promised Canadians that they didn’t have to worry about higher interest rates. His policies forced the Bank of Canada to deliver an uppercut to Canadian families who are drowning in debt.”

 

Poilievre calls latest rate hike an ‘uppercut’ to Canadians

 

Conservative Leader Pierre Poilievre says the latest interest rate hikes makes Canadians the most ‘indebted households in all of the G7.’

Asked about interest rates in June 2020, Trudeau said they’re at “historic lows” and tried to reassure Canadians about big government spending. Also in 2020, Tiff Macklem, the governor of the Bank of Canada, said interest rates “are going to be unusually low for a long time.”

The bank operates independently of the government of the day.

The bank’s mandate is to achieve price stability — low inflation — and one of its few tools to accomplish that goal is rate hikes.

Poilievre has been blaming government spending for the wave of inflation that has washed over Canada in the last two years.

Trudeau and his finance minister, Chrystia Freeland, have said COVID aftershocks and the ongoing war in Ukraine are to blame for inflationary pressure in much of the Western world.

Economists largely agree that stimulus spending during the health crisis did have an impact on inflation — consumers flush with cash chasing scarce goods pushed prices — but extraordinary government spending wound down long ago and the inflation issues are now largely fuelled by other causes.

 

Trudeau points to ‘targeted’ supports as interest rates rise again

 

Prime Minister Justin Trudeau talked about global inflationary pressures and pointed to his government’s targeted financial support programs when asked about the latest rate hike from the Bank of Canada.

Canada appears to be on the winning side of the inflation fight, according to OECD data. Canada, the U.S. and Japan have seen prices grow less year-over-year than other G7 countries.

The cost of energy has come down considerably and the inflation rate on food and other items has stabilized in Canada and the U.S.

In the United Kingdom, France and Germany, for example, inflation is still persistently high.

Despite those apparent gains, Macklem said the country can’t afford to ease up. He said robust consumer demand and tight labour markets demand higher interest rates to push inflation lower and hit the bank’s 2 per cent target.

“We’ve been clear about the indicators we are watching and it’s clearly too early to be talking about interest rate cuts,” Macklem said during a Wednesday mid-morning news conference.

“We are certainly trying to balance the risks of over- and under-tightening and we’ll be taking it one meeting at a time,” he added.

 

Interest rates are up again: What’s the Bank of Canada saying?

 

Bank of Canada governor Tiff Macklem says ‘monetary policy is working — but underlying inflationary pressures are proving more stubborn.’

Trudeau acknowledged the bank’s decision isn’t what many Canadians want to hear. But he framed the issue as a global one that’s not unique to Canada.

“I’ve had conversations with leaders here in Europe and around the world and the cost of living is a real challenge,” he said. “People around the world are facing significant challenges.”

Trudeau said his government is “stepping up with targeted support for people who most need it at this moment.” He pointed to the government’s GST rebate — which has been branded politically as a “grocery rebate” — as one of those measures.

Poilievre said a government led by him would “axe the carbon tax” and rein in government spending as part of a push to get inflation under control.

 

728x90x4

Source link

Continue Reading

Business

Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday – CBC.ca

Published

 on


[unable to retrieve full-text content]

  1. Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday  CBC.ca
  2. Falcon Content Update Remediation and Guidance Hub  CrowdStrike
  3. July 19-22, 2024 operation  Delta News Hub
  4. Delta still cancelling hundreds of flights after CrowdStrike outage. Why?  Global News Toronto
  5. CrowdStrike incident has CIOs rethinking their cloud strategies  CIO

728x90x4

Source link

Continue Reading

Business

Before Spending Money on a ‘Career Coach,’ Do Yourself a Favour, First Try These Job Search Strategies

Published

 on

I’m sure you’re aware of the “career coaching” industry—Internet talking heads promising job search and career success—that’s sprung up in recent years. Worth noting: The industry is unregulated. All career coaches are self-proclaimed; no certification or licensing is required.

 

Career coaches have one ultimate goal: To make money off you.

 

Today’s tight job market is making job seekers frustrated and desperate, which career coaches are taking advantage of with their promise of insider knowledge, personalized guidance, and a direct line to the hidden job market. Career coaches market themselves as a shortcut to finding a job, which is appealing when you’ve been unemployed for a while.

 

I’m not averse to hiring a career coach to assist you with your job search; it’s your money. However, keep in mind a career coach…

 

  • is a significant expense, especially if you’re unemployed
  • will only offer common sense advice, nothing that you probably already don’t know or haven’t read or heard before, and
  • doesn’t have insider knowledge

 

…and you’ll still need to do the activities related to job searching.

 

When asked, “Nick, should I hire a career coach?” my answer is an unequivocal “No!” Conducting your job search solo will not only save you money, you’ll also be developing job search skills you’ll need for the next time—chances are there’ll be a next time—you’re job hunting. Before spending thousands of dollars on a career coach, I suggest first trying the following job search strategies.

 

Optimize your online presence.

 

In today’s digital-first job market, employers will check your online digital footprint to evaluate your candidacy; are your interview-worthy? Start with the obvious: Ensure your LinkedIn profile is up-to-date and showcases your quantified accomplishments (a non-quantified statement is an opinion) so employers can see the value you can add. Do yourself a favour, read LinkedIn Mastery: A Comprehensive Guide to Navigating Digital Landscapes Effectively, by Benjamin Stone.

 

Necessary: Stay active on LinkedIn!

 

Your LinkedIn profile can’t be non-active. Maximizing LinkedIn’s potential requires regularly engaging with content, commenting on posts, and contributing original content. Engaging actively and visibly on LinkedIn will lead to opportunities.

 

Next:

 

  • List your social media accounts.
  • Deactivate accounts you are no longer using.
  • Set any accounts you don’t want prospective employers or recruiters to see to private.
  • Ensure your social media profiles (g., display name, handle, headshot, bio) convey the same message about your professional background.

 

Leverage your existing network (a low-hanging fruit few job seekers take advantage of).

 

Everyone has a network of some sort. This means since all job opportunities are attached to people—good news—there are job opportunities all around you. Often, your barista, dentist, hairstylist, neighbours, fellow members of whatever club or association you’re a part of, and, of course, family and friends can help open doors for you.

 

Tell everyone you know that you’re looking for a new job. Always carry extra copies of your resume and hand them out when appropriate. You’ll be surprised at the number of people willing to help you when they understand your situation.

 

Read these two books:

 

 

Ferrazzi outlines practical strategies for building relationships, networking, and leveraging connections

.

 

Hollins provides actionable strategies for achieving your job search and career goals, such as overcoming procrastination and boosting productivity with focus and discipline.

 

Apply less, connect more.

 

Applying online is a waste of time. In previous columns, I’ve noted that applying online is comparable to playing the lottery; you’re hoping a stranger hires you. Numerous studies have shown that most jobs aren’t advertised; they’re filled through connections and referrals.

 

Job searching today is a long game; you need to be patient. Today, you need to network your way into a company and identify opportunities, which no career coach can do for you. It’s unlikely the resume you submit online will be reviewed. Paying to have your resume redesigned won’t get it more views; getting it in front of people who can hire you will.

 

Take what you will from the following.

 

A few months back, a job seeker asked me, “I’ve been working as a help desk agent at a healthcare software company for five years. I want to become a Director of IT at a large multinational company. What should I do?”

 

How should I know? I’m not a Director of IT. Why not ask the Director of IT at a large multinational company?

 

Take advantage of the fact that people love talking about themselves. Dinner with someone who holds the position you aspire to is a better investment than hiring a career coach who lacks your dinner partner’s real-world experience. I charted my career path by observing those ahead of me and seeking their advice. Talking to people who are where you want to be will benefit your job search and help you achieve your career aspirations.

 

By shifting your mindset, optimizing your online presence, leveraging your existing network, staying engaged on LinkedIn, and connecting with the right people, you won’t need to hire a costly career coach, and you’ll develop skills you can use throughout your career.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

Continue Reading

Business

How to Start a Business?

Published

 on

Market Research

You have to conduct research on the whole market and find out the gap. This gap will be your opportunity. Moreover, this research will give you an idea of how different businesses work and how they fulfill the needs of the people. Businesses work due to the demand for their products and services in the market. So, through this research, you have to collect information about the following things:

 

 

You can use surveys, questionnaires, and focus group interviews to extract information on the above factors.

 

Business Plan

Develop a complete roadmap for your business. This plan should cover all the details from the manufacturing to the sales and pricing.

 

It has a summary of the complete execution of the company, including the mission of the company, product or service of the company, competitors of the company, management, and employees of the company, as well as the location of the company. This plan should be in such a way that everyone can easily understand.

Investment For Business

If you are not self-funded, then you will need investment for your business. There are several ways to find investment, such as the following:

 

●     Venture capital

You can offer the shares of the company in exchange for shares of the company. In the beginning, you have to offer the company ownership to finance your project.

●     Crowdfunding

In this type of investment, a large number of people give funds to the startup. They are not given shares and profits from the company. However, the company provides them with gifts in the future for their finances.

●     Loans

There are many government and private companies that are offering loans for small and large companies. For this loan, you have to prepare a business plan, expense sheet, and expected profits. You can find several companies that are providing loans for businesses, such as Lendforall, Baker Tilly, West Bank Union, etc.

Structure of Business

Before starting a business, you have to select its structure. Traditionally, you will find the following structures of business:

  • Sole proprietorship
  • Partnership
  • Limited Liability Company
  • Corporation

 

To select any structure, you must analyze and compare your business with others. You will get an idea of which structure will be the most suitable for your business.

Business Tools

Nowadays, there are several business tools available in the market. These tools have made business management easy to a great extent. However, you have to invest in these tools to compete the market. Here are some important tools for business:

 

 

Many other tools are available in the market that are used for different management purposes.

Registration of Business

You have to register your business with the federal government. Moreover, you should apply for the insurance for your business. There are many other documents, such as tax IDs from federal and state governments, licenses and permits for your business, and applying for a business bank account.

Continue Reading

Trending