The Impact of Ontario’s Minimum Wage Increase on the Canadian Economy Introduction On January 1st, 2018, Ontario implemented a significant increase in the minimum wage, raising it from $11.60 to $14 per hour, with further plans to reach $15 per hour in 2019. This move has sparked vigorous debates across the province and raised important […]
Pharmalab‘s Temporary Layoffs: Impact on the Pharmaceutical Industry Introduction In a shocking turn of events, Pharmalab, the pharmaceutical product manufacturing plant located in Lévis, has temporarily laid off approximately 170 employees. The employees, who were manufacturing Ideal Protein weight loss products, were taken aback by the sudden announcement upon returning from their summer vacations. The […]
China‘s Ailing Economy and its Potential Impact on the US August 21, 2023 The slowdown of China‘s economy has become a cause for concern not only within the country but also for American companies. With projections indicating that China is likely to miss its 5% growth target this year, the impact is already being felt […]
Canada’s Inflation Rate Rises to 3.3% in July: A Cause for Concern Canada’s economy is facing a new challenge as the country’s inflation rate surged to 3.3% in July, according to economists. This significant increase has alarmed experts, who warn of potential negative consequences for the Canadian economy and the Bank of Canada (BoC). The […]
