While everything may appear to be going swimmingly for the Canadian economy, there could be peril on the horizon. According to early-warning indicators compiled by the Switzerland-based Bank for International Settlements, Canada is one of three economies – including China and Hong Kong – most at risk of a banking
With a booming tech industry, one-bedroom apartments going for over $2,000/month, and many young people mulling a move outside the city due to cost of living, it’s no surprise that Toronto is a wealthy city. Wealth, in this context, refers to the total private money held by all individuals living in
What does a business do when minimum wage sees a considerable increase? If you’re the rich owners of a Tim Horton’s franchise, you eliminate paid breaks and slash other benefits. If you’re Coffee Public, a two-location franchise that first opened in Toronto six years ago, you pay your employees above the
The gap between the pay of average Canadian workers and Canadian CEOs is wider than ever. According to a recent study by the Canadian Centre for Policy Alternatives, Canada’s 100 highest-paid CEOs (earning $10.4 million on average) earned 209 times the average worker’s income ($49,738 on average) last year. Last year,
Saving a little money is a ubiquitous New Year’s resolution. For around 9 per cent of Ontario workers, that goal is now a little bit easier. Starting yesterday, January 1st, minimum wage in Ontario stands at $14 an hour. The increase is part of the province’s Fair Workplaces, Better Jobs Act,
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