Economy

Canadian restaurants grapple with staff shortages, rising costs – National

When a fried chicken chain opened its first location in Atlantic Canada, it was so popular it had to cut back hours. The Popeyes Louisiana Kitchen that opened a few weeks ago in a Halifax suburb has reduced its schedule because of high demand that left staff scrambling as customers queued up for hours. “Due …

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Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’

Lloyd Blankfein Michael Nagle | Bloomberg | Getty Images Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the US Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face the Nation” on CBS, Blankfein said a …

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Firing Bank of Canada head would spark global ‘shock wave’: ex-budget watchdog – National

If any Canadian government were to fire the head of the Bank of Canada, the result would be a “global financial shock wave,” warned the country’s former budget watchdog. In an interview with The West Block guest host Eric Sorenson, former parliamentary budget officer Kevin Page said the Bank of Canada’s reputation is one as …

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Firing Bank of Canada head would spark global ‘shock wave’: ex-budget watchdog – National

If any Canadian government were to fire the head of the Bank of Canada, the result would be a “global financial shock wave,” warned the country’s former budget watchdog. In an interview with The West Block guest host Eric Sorenson, former parliamentary budget officer Kevin Page said the Bank of Canada’s reputation is one as …

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What does the Bank of Canada do, and how does it work?

FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File PhotoCHRIS WATTIE/Reuters The Bank of Canada has been criticized in recent months over runaway inflation, most prominently by Conservative Party leadership candidate Pierre Poilievre, who tweeted in April that the institution is financially illiterate. …

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Cryptocurrencies nurse mega losses; Bitcoin back above $30,000 | Crypto News

Cryptocurrencies nursed large losses on Friday, with Bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment …

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Bidding war no more: How to make an offer in Canada’s cooling housing market

The apparent cooling in Canada’s housing market is leaving many buyers and sellers alike confused about how to price and bid on homes in the normally fervent spring market, real estate brokers say. Those who spoke to Global News said the new market is resulting in negotiation power swinging back into the hands of buyers …

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John Horgan encouraging people ‘to think before you hop in the car’ amid record-breaking gas prices

Premier John Horgan is encouraging BC drivers to carpool, use alternative modes of transit and “think before” they drive amid record-breaking gas prices. Analysts are forecasting fuel could cost $2,339 per liter at Metro Vancouver gas stations by Sunday. Horgan says he is more worried about the inflationary impacts on things like food prices than …

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Elon Musk says deal to buy Twitter ‘temporarily on hold’ | Business and Economy News

The billionaire says the deal was temporarily on hold pending details over spam and fake Twitter accounts. Billionaire Elon Musk has announced that his $44bn deal for Twitter Inc was temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5 percent of users. “Twitter deal …

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