Weekly Digest – 8 June 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Gas prices show no signs of slowing down
As the summer driving season ramps up, gas prices continue to rise in all provinces. The highest prices are in BC, where they are above $2.20/litre.
Ontario’s right to disconnect policy is now in effect
The new policy, which means you do not have to respond to anything work-related after you go home, applies to all workers except those who work for the Crown. It is the first of its kind in North America.
Outlook on housing slanted to the downside
New forecasts consider a worst-case scenario of home values losing up to 30%, meaning most gains made since 2020 would be erased.
Musk threatens to walk away from $44 bn Twitter deal
On Monday, Elon Musk openly accused the social media giant of not disclosing data on spam accounts. Twitter stock has fallen 23% since the beginning of the month amid uncertainty surrounding the deal.
Natural gas futures hit a 13-year high
With the hot summer months upon us, demand for natural gas is expected to surge as Canadians try to keep their homes cool. The increase in demand comes just as there is also a lack of supply.
Canadians divided over remote and hybrid work
Some fear a class division, as service workers do not gain any of the perks of working from home, such as reduced costs and no commute. The changes have made it very difficult to find and maintain workers in the service sector.
Largest trial ever of a 4-day work week begins in the UK
The trial includes over 3,300 workers from 70 different companies. It will see those workers complete a 32-hour work week with no cut in pay. It is the largest of its kind in the world and will last six months.
Hunger and food shortages on the rise
A new survey shows that almost a quarter of Canadians have reported eating less than they should due to the rising cost of food. 1 in 5 people reported going hungry some time between March 2020 and March 2022.
People, lands, infrastructure and financing are the focus of new Indigenous-led economic strategy
The new strategy was launched Monday, and is meant to ensure prosperity for Indigenous peoples, who have largely gone underserved in the economic makeup of the country.
Housing markets are beginning to settle amid uncertainty
RBC published an analysis of housing markets in Vancouver, Toronto, Montreal, and Calgary, showing the housing market is rebalancing. It can be found here.
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