How to solve Canada’s slow-moving retirement crisis

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How to solve Canada’s slow-moving retirement crisis
Finance
Breadcrumb Trail LinksRetirement Personal FinanceFraser Stark: Every Canadian who can comfortably navigate their own retirement finances is one less person requiring expensive subsidized care from the public pursePublished June 24, 2023 • Last updated 1 hour ago • 5 minute readRetirees face uncertainty on multiple fronts: market returns, cost inflation and their own physical health. Plus, the unknown length of an individual’s ultimate lifespan creates a labyrinthine financial planning challenge. Photo by Peter J. Thompson/Financial PostReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through…

Canada Bread agrees to $50M fine for role in bread price-fixing scandal

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Canada Bread agrees to M fine for role in bread price-fixing scandal
Business News
Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years. The company made the revelation in an Ontario court on Wednesday, acknowledging that under a previous management regime, it colluded with its competitors in Canada’s bakery industry to work in unison to raise the wholesale prices they charge to grocery chains, pushing up prices for consumers in the process. The company — which makes dozens of brands of baked goods, including Dempster’s, Stonemill, Vachon and others — has been owned by Mexican food giant Grupo Bimbo since 2014, but…

Uh-oh. More good news that may be bad for your economic health

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Uh-oh. More good news that may be bad for your economic health
Business News
At first glance, the response of “sold over asking” real estate signs may seem like an encouraging signal for the Canadian economy, especially for highly invested homeowners who have watched prices fall from last year’s highs. But a growing number of economists worry that a recent series of indicators, the latest being Wednesday’s rise in Canadian retail sales, may instead be a red flag for central bankers, leading them to more rate hikes that could ultimately make many Canadians feel miserable. With each new smidgen of optimistic data, money market traders point to a rising chance that central bankers will…

Luxury Jewelry: The Allure of Lab-Grown Diamonds 

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Business Plan
When it comes to luxury jewelry, few things captivate the imagination quite like the brilliance of diamonds. For centuries, these rare and precious gems have symbolized opulence, love, and beauty. However, the world of luxury jewelry is undergoing a remarkable transformation with the rise of lab-grown diamonds. In this article, we will delve into the realm of luxury jewelry and explore the growing appeal of lab-grown diamonds. Luxury jewelry has always been associated with exclusivity and extravagance. From intricate designs to impeccable craftsmanship, luxury pieces are crafted with utmost precision and attention to detail. Traditionally, diamonds mined from the earth…

Inflation dip won’t be enough to stop another bank rate hike: analysts

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Inflation dip won’t be enough to stop another bank rate hike: analysts
Business News
OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank of Canada’s interest rate decision on July 12. “I think this release is probably going to be a fairly optimistic one for inflation, in the sense that we are expecting the inflation rate to go down below four per cent,” said James Orlando, TD’s director…

Upcoming Opportunities in Duty-free Shopping Market Business

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Upcoming Opportunities in Duty-free Shopping Market Business
Business Marketing
Duty-free Shopping Market“Worldwide Market Reports offers a 70% discount on Duty-free Shopping Market Reports on Single User Access and Unlimited User Access” The latest research study released by Worldwide Market Reports on “Duty-free Shopping Market 2023 Forecast to 2030″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in – in-depth supply chain analysis to assist businesses in identifying major changes in industry practices.The market report also examines the current state of the Duty-free Shopping industry, as well as predicted future growth, technological advancements, investment…

Green Beans Processing Plant Project Report 2023: Business Plan, Manufacturing Process

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Green Beans Processing Plant Project Report 2023: Business Plan, Manufacturing Process
Business Plan
the report “Green Beans Processing Plant Project Report 2023: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue” by IMARC Group presents a comprehensive guide to establishing a green bean processing plant. The report offers in-depth market analysis and information on unit operations, raw materials, utility and infrastructure requirements, technology and machinery requirements, manpower requirements, packaging and transportation requirements. Additionally, the report details the project economics, including capital investment, project funding, operational expenses, income and expenditure projections, variable and fixed costs, direct and indirect costs, expected ROI, net present value, profit and loss account, and financial analysis.…

Small business optimism rose for the seventh consecutive month, remaining relatively low amid tough labor market

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Small business optimism rose for the seventh consecutive month, remaining relatively low amid tough labor market
Small Business
Toronto, May 25, 2023 – The long-term optimism index has been on the rise for seven months in a row and is at the highest level in almost a year, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer®. The 12-month index sat at 56.4 in May. PEI (75.0) and Newfoundland and Labrador (68.0) had the most upbeat entrepreneurs due to the beginning of the summer tourism season, while Quebec (48.8) and Saskatchewan (51.9) were at the bottom of the optimism scale this month. Health and Education services (67.6) topped the sector rankings, while Agriculture (45.6) and…