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Canada Registers Record-High Trade Surplus In June

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In a surprising turn, Canada has posted a trade surplus of C$3.23 billion for the month of June. This is the highest surplus on record since a figure of C$3.45 billion was registered in September 2008. The record set is all the more impressive given analysts’ prediction that trade would…

Multimillion-dollar fraud case

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Four Canadian women are facing charges for faked invoices, expenses and sales. They have allegedly committed multiple instances of tax fraud, all of whom have pleaded not guilty and will be representing themselves in their upcoming court case despite suggestions to seek professional legal advice. The women claim to own…

Inflation is a looming threat for Canada’s economy

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Inflation is a big topic of conversation for the Bank of Canada. The Canadian economy struggles following the aftereffects of the Covid-19 pandemic. Statistics Canada has confirmed the Canadian inflation rate had reached 3.1% in June. Shelter and transportation prices were found to have risen while those for food, women’s…

Senior Managers Likely To Resign As Canada Enters Post-Pandemic Era

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Recent research conducted in April 2021 by LifeWorks and Deloitte Canada indicates that about a quarter of all senior leaders are considering resigning post-Covid. A senior leader is considered anyone two levels below that of the chief executive. The study surveyed about 1,200 senior leaders across nine industries. The study…

Passing Of Bill C-208 To See More Businesses Stay Within The Family

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It is good news for small family businesses, including farming and fishing enterprises, following the passing of Bill C-208. This Act proposes amendments to the Income Tax Act so that there are better tax terms when it comes to the intergenerational transfer of shares for qualifying corporations. The Bill has…

Uber Canada Shifts Base From Netherlands To Canada

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Uber Canada’s ride hailing and food delivery business is set to relocate from the Netherlands to Canada from July 1. This is the culmination of a transfer process that started in 2018. This change will put into effect sales taxes that will go to the government. Uber has confirmed that…

Canada’s Inflation Rate Reaches Decade-Long High Of 3.6%

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Statistics Canada has confirmed a 3.6% increase in the consumer price index as of May. This is the highest inflation rate since May 2011. It is also a marked increase on April’s 3.4%. This increase has been attributed to the contrast in pricing from last year when the pandemic first…