A new study has found that the number of Canadians donating to charity, measured as a percentage of all tax filers, has declined to the lowest point in 20 years.
The Fraser Institute released this year’s Generosity Index, which measures the proportion of Canadians filing donations to charities in their taxes and the amount that Canadians donate as a portion of their income. The index shows that Canada’s rate of charitable giving is on a continued decline.
Bourbon St. Grill is trying to lure them in with a pair of beef or chicken Jamaican patties for $5 and a “budget-friendly” meal for students priced at $10.99.
Nearby, New York Fries is hoping a $7.49 hotdog and pop combo designed for “lunchfast, lupper or snacktime” will do the trick, and over at Sansotei Ramen, it’s all about an offer knocking $2 off tonkotsu or spicy tan tan.
This onslaught of promotions has taken shape at just about every fast-food joint across the country, and the phenomenon has intensified into what industry watchers have dubbed a “value war.”
They’re predicting the battle for your buck isn’t going away anytime soon and may even hit new heights next year.
“It’s going to be at least the first six months of 2025, when we’re going to be seeing elevated promotions, but it’s likely going to be the entire 2025,” said Danilo Gargiulo, investment research firm Bernstein’s senior analyst specializing in restaurants.
Last month, Canada’s unemployment rate grew by three-tenths of a percentage point.
That might not sound like much, but it is the largest one-month jump since the worst months of the pandemic in late 2020 and early 2021.
A recent study released by the Fraser Institute found that Alberta ranked 12th for economic freedom among Canada’s ten provinces, America’s 50 states, Mexico’s 32 states, and the US territory of Puerto Rico. Alberta tied with Texas, Tennessee, Colorado, and South Dakota.
Walmart’s top boss has lifted the lid on what Americans can expect for grocery prices next year – and it’s not good news.
CEO Doug McMillon said the cost of a family shop – at record highs after four years of rampant inflation – will not be coming down in 2025.
Canadian automobile plants are set to produce about 1.3 million vehicles this year, the lowest level in decades outside the Covid pandemic, as U.S. companies idle factories in the country amid slowing demand, according to a manufacturing think-tank.
Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11.
Canada recorded a bigger than expected trade deficit of $924-million in October, its eighth straight monthly trade shortfall, as export growth could not offset a smaller rise in imports, Statistics Canada data showed on Thursday.
Border control is looking better and better, eh?
That’s the conclusion of the 15th annual food price report released Thursday by a partnership that includes researchers at Dalhousie University, the University of Guelph, University of Saskatchewan and University of British Columbia.
The report’s authors used three different machine learning and AI models to make their predictions, and concluded a Canadian family of four can expect to spend $16,833.67 on food in 2025 — an increase of up to $801.56 from last year.
The three-judge panel overturned a preliminary injunction issued by a federal court, which barred the university from revealing the identities of current and former members of the Institutional Animal Care and Use Committee, a volunteer group that monitors the use of animals for medical research on campus.
“Basic ‘biographical data,’ including a person’s ‘name, address, identification, place of birth, telephone number, occupation, sex, description, and legal aliases,’ is not highly sensitive personal information, and thus categorically does not ‘implicate the right to privacy,” the panel wrote in its five-page, unanimous ruling responding to the committee member’s lawsuit to prevent their names from subject to a public records request.
Get used to longshoremen and other skilled tradesmen pulling in higher wages than college grads.
The quickly settled International Longshoremen’s Association strike takes us one more step toward the Great Inversion: a future in which people in the skilled and semi-skilled trades boast higher average wages than most college graduates. If the justification for most college degrees—only 10 percent of them in STEM fields—reduces to their boosting future earning power, then those graduates will have a problem. (Granted: a college education should be about more than just maximizing earnings.)
As the federal Parliament returned this week, there’s been a renewed debate about the Trudeau government’s economic record and the state of Canada’s economy relative to its peers. A comprehensive evaluation—including key metrics such as investment, income growth, and living standards—demonstrates an overall record of economic stagnation.
In an era where the cost of living continually surges, the pursuit of affordable groceries has evolved into a financial battleground for many Canadians.
Recent investigations by intrepid reporters in Quebec and Ontario have uncovered a revelation that may surprise some: dollar stores, most notably Dollarama, provide identical non-perishable products to regular grocery stores but at significantly lower prices, often falling within the 30% to 75% range.
Twelve months ago, during the pandemic housing boom, the suburbs of Langley and Mission were deluged with buyers. Anxious bidding wars ensued.
Spurred on by the dream of working remotely, the desire for more living space, unusually high government stimulus and chronically elevated values in core Metro Vancouver, buyers — including investors — were manically driving up prices in the Fraser Valley by more than 20 per cent compared to a year earlier.
Canada’s top economists are expecting the Bank of Canada to deliver another outsized rate hike on Wednesday in its continued fight against decades-high inflation.
The central bank is expected to raise the policy rate by 50 or 75 basis points as part of the Bank’s strategy of front-loading rate hikes, but comes at a time when recession calls are growing louder. Some economists are expecting the Bank to take its foot off the gas following this rate decision.
