March 20, 2017

US Federal Reserve

The U.S. Federal Reserve has resumed normal monetary service by raising interest rates for the second time in three months. The Fed’s decision on 15 March 2017 reflects its confidence in the continuing expansion and signals that its efforts to relate the world’s largest economy are largely on track – with overall inflation seen to be stabilising around its longer run target of 2% over the next couple of years. Significantly, Chair Janet Yellen stressed that policymakers expect the strengthening economy would warrant “gradual increases” in the benchmark federal funds rate to ensure that the monetary policy stance remains accommodative of growth, even as price stability is ensured. This emphasis on ‘gradual’ provides a degree of policy predictability that markets, […]
March 17, 2017

Trudeau Set to Trigger Race for $600 Million Innovation Fund

Canada’s federal budget will launch a competition to pick about a half dozen research clusters that will receive hundreds of millions in government funding, people familiar with the plans say. Innovation and skills training will be a key theme of Finance Minister Bill Morneau’s second budget, due for release March 22 in Ottawa. Last year’s budget allocated up to C$800 million ($600 million) over four years to “support innovation networks and clusters” and this year’s plan won’t include any significant new funding on top of that, according to two people who spoke on condition of anonymity because the document isn’t yet public. The government will launch the process to pick the innovation clusters where the federal money is best concentrated, […]
March 16, 2017

40% Of Canadian Workers Would Take A Pay Cut For Career Growth

It’s not all about the money, apparently. According to a new ADP Sentiment Survey, 40 per cent of Canadian workers would take a pay cut at a new job in order to overcome a “growth gap” — a lack of career development opportunities from their current employers. Fifty-three per cent of Canadian workers are labelled “The Resigned” and don’t expect career development at their jobs. Of the 828 working Canadians surveyed, 23 per cent said they would take a five per cent pay cut, 12 per cent of employees would take a 10 per cent decrease, and four per cent would take a hit of more than 15 per cent. One-third of Canadians said their employers didn’t offer support such […]
March 16, 2017

Trump's Hat ‘An Invitation To Canada,' Polish Newspaper Declares

An unusual ad has appeared on the streets of Poland’s capital, Warsaw. It features a picture of Donald Trump’s famous “Make America Great Again” hat, and a declaration that “This is not a hat. It’s an invitation to Canada.” Despite appearances, the ad is not an attempt to lure emigres to Canada instead of the U.S. It’s an ad for one of Poland’s most prominent daily newspapers — Gazeta Wyborcza, a paper founded in 1989 as a source of uncensored news when the country’s Soviet-backed communist government collapsed. It appears to reference recent news that refugees in the U.S. have been crossing the border into Canada, in the wake of Trump’s attempts to ban travellers from a number of Muslim-majority […]
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