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Pressure Mounts on the Bank of Canada After Unemployment Falls Sharply

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The pandemic may not be over yet but nations around the world are beginning to show signs of recovery. Businesses are gradually beginning to open up again, hopefully permanently, while the overall mood and confidence is also lifting. Canada is no exception and the country saw a significant rise in…

Missing revenue: How Canada gets short-changed on taxes

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Recent data sheds light on the vast amounts of money that Canada loses each year due to willful non-payment of personal taxes. Broadly speaking, the missing tax revenue falls into two categories: The illegal tax evasion that is uncovered by authorities, and the tax evasion that goes undiscovered or unpunished.…

Exam Misconduct Rises In Canadian Universities With Online Learning

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A management accounting class at the University of British Colombia’s Sauder School of Business has been notified that they will have to retake a midterm exam after some students were found to have cheated during their online examination. The February 10th exam was administered via online testing platform Wiley due…

Tax Cuts Proposed to Ease Pressure on Businesses

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In December, more businesses were forced to close shop temporarily due to pandemic restrictions. This decision likely contributed to the loss of 63,000 jobs nationwide over the course of the month. Several regions, such as Quebec and Ontario, were forced to comply with strict business closure rules, which significantly increased…

Ontario Bureaucrat Charged with Fraud

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An Ontario man and his family, previously accused of using fraud to collect over $11 million from the government, is now facing additional charges that he syphoned $30 million as part of an illegal kickback scheme for government contracts. The accused, Sanjay Madan, was an IT Manager for the Education…

Acceleration Of Canada’s Annual Inflation Rate Threatens To Peak 3% In Spring

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Canada’s headline inflation reached 1% in January. This exceeded economists’ prediction of 0.9% and a year-over-year increase of 0.7% in December. Figures above 1% have not been recorded since a year ago when inflation rose 2.2% compared to February 2019. Canada’s provinces of Newfoundland, Labrador, Nova Scotia, Quebec, Ontario, and…