TruShield Top 5 – April 10, 2017

tax season

Canada’s average hourly wage increase for the month of March was the lowest it’s been since 1998, housing prices are up 27% from last year in the GTA and Canada’s 5 major banks are continuing to profit off the housing crisis. Here’s the TruShield Top Five for this week—a snapshot of news from around the world that may have an impact on your company.

TruShield Top 5 – April 10, 2017

  1. Canada added over 100,000 jobs in the past 6 months, which has had a positive impact on the national unemployment rate. The bad news? The average hourly wage in March only went up 1.1%, which is the lowest increase the country has seen since 1998. Via Huffington Post Canada.
  2. With housing prices in the GTA up over 27% from last year, Ontario Finance Minister Charles Sousa is pressing the Liberal government to intervene. Here are 5 things Canada could do that may help cool down the real estate market. Via Canadian Business News.
  3. Speaking of real estate, Royal Bank of Canada reported a record-high quarterly profit of $3 billion. Here’s how Canada’s 5 major banks are profiting off the housing crisis. Via Canadian Business News.
  4. A recent survey featuring Canada’s corporate leaders found the majority of them to be excited about the pro-business position the new Trump administration is taking, but not overly thrilled about President Trump himself. 36% of the respondents felt that the change will have a “somewhat positive” effect on job creation in Canada. Via the Globe and Mail.
  5. Taxes can be tricky—here are 4 easy tax credits you might be able to claim that could save you thousands of dollars. Via Business News Network.

This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy or completeness of the information and will not be responsible for any loss arising out of reliance on the information.