Weekly Digest – 13 December 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Macklem stands by the decision to raise interest rates further

The Bank of Canada has raised its benchmark interest rate an unprecedented seven times to slow runaway inflation. But Governor Tiff Macklem says the risk of letting inflation burn out of control is more significant than trying to rein it in.

We owe more money than we have, and our assets are declining in value, too

Statistics Canada says Canadian households now owe $1.83 for every dollar of disposable income. Additionally, mortgage debt rose 2.07 trillion dollars, and other forms of debt rose $722.6 billion in the third quarter.

How to cut holiday costs

Get some ideas to avoid breaking the bank during the holidays, as inflation affects prices for gifts, food, and just about everything you need for the holidays.

How to improve your company’s Glassdoor rating

After stumbling across Fresh Tracks Canada’s 2.1 rating on Glassdoor, CEO Sushant Trivedi raised that to a 4.6 by treating it as a symptom of deeper issues that needed to be tackled head-on.

The most important tax news for the last half of 2022

Chartered Professional Accountants Canada has created a round-up of some significant tax developments that took place in the second half of the year. It can be found here.

End of zero-Covid policy in China welcomed, but experts fear the worst is yet to come

Economists have welcomed Beijing’s quick dismantling of zero-Covid controls. However, there is growing concern about the toll isolation and frequent harsh lockdowns will have on the country’s economy and people.

A “near-limitless, safe, clean” source of energy

Researchers at the US Department of Energy have reportedly ignited 2.5 MJ of fuel, releasing a massive burst of energy. It’s considered a breakthrough in nuclear fusion technology and could lead to revolutionary developments in the clean energy space.

WTO finds that Trump tariffs broke global trade rules

The World Trade Organization has found that US tariffs on steel and aluminium imports imposed by Trump in 2018 violated global trade rules. Washington stated that they stand by the tariffs.

The blue “verified” check is back on Twitter, but nobody seems to know what it means

It again costs money to have a blue tick and even more if you’re using Twitter on an Apple device. Some users also have a message that appears if the tick is pressed, saying the account is a “legacy verified account” and “may or may not be notable”.

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