Electricity bills may continue to shock you even as overall inflation eases. Here’s why.
While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity.
Economists say consumers should expect their electric bills to continue rising at a fast pace as liquefied natural gas, a key fuel for generating electricity, remains in short supply in the US and companies’ operating costs rise. Average US electricity prices could rise at a 10% clip again this year and possibly next, predicts Mark Wolfe, director of the National Energy Assistance Directors Association, even though economists have forecast overall…
Fake online reviews: US proposes bans
WASHINGTON –
US federal regulators are looking to crack down on fake reviews and other deceptive internet practices.
The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more. Businesses would also be prohibited from running company-controlled websites that claim to be independent, and other deceptive practices like “review hijacking,” which makes reviews for one product appear like they were written for significantly different ones.
If the proposed rule is approved, following a 60-day public comment period, violators could face hefty penalties.
“Our proposed rule on…
Canadians seeking financial advice from banks left unsatisfied
Breadcrumb Trail Links
News
Executive Summary
Executives
Roughly two-thirds of retail bank customers ‘financially unhealthy,’ the study finds
Published June 30, 2023 • 4 minute read
Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg files
Article content
As high inflation, rising interest rates and market volatility take a toll on their finances, Canadians are seeking advice from their financial institutions, but some banks are not delivering this effectively, according to a new study.
Advertisements 2
This advertisement has not been loaded yet, but your article continues below.
THIS CONTENT…
Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.
The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after remaining flat in March.
The ongoing resilience in the economy will likely spur discussions of a potential rate hike, as the Bank of Canada is expected to make its next interest rate announcement next week.
The relatively strong GDP showing investors had increasing the odds…
Canadian forest fires are the latest costly climate disaster that public accounts fail to capture
You don’t have to tell the people of Calgary and other Canadian communities breathing orange air that forest fires have a cost.
And while repeated studies draw a direct line between an increase in costly forest fires and climate change, economists and accountants right up to Canada’s Parliamentary Budget Officer say the benefits of stopping climate change and thus reducing the many harms it creates is simply impossible to measure for public accounting purposes.
It is an interesting conundrum and the thousands of people displaced from their homes or breathing smoke from the current spate of forest fires are caught…
Tucker Carlson leaves Fox News days after Dominion lawsuit settlement
April 24 (Reuters) – Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role roles.
The outspoken Carlson embraced conservative issues and delivered his views with a style that made his prime-time show, “Tucker Carlson Tonight”, the highest-rated cable news program in the key 25-to-54 age demographic on the most-watched US cable news network. Shares of Fox closed 2.9% lower on the news, which the company announced on Monday.
Dominion Voting Systems…
How Ryan Reynolds became Canada’s unlikeliest business mogul
UPDATE: After this story was originally published, Wrexham Football Club — which Ryan Reynolds and actor Rob McElhenney bought in 2021 — qualified for the fourth tier of the English football league system.
The business of Ryan Reynolds is booming. He bought into Montreal payment technology company Nuvei this week. He recently sold Mint Mobile for $1.7 billion. He offloaded his gin company for another $825 million.
But the jewel in Reynolds’ business crown may be a floundering Welsh soccer club he bought with fellow actor Rob McElhenney in 2021 for $3 million.
For years, Wrexham Football Club has been…
Saskatchewan among the world’s top 3 regions for mining investment
Breadcrumb Trail Links
News
Executive Summary
Executives
Three provinces make the top 10, according to Fraser Institute
Published May 05, 2023 • Last updated 20 hours ago • 4 minute read
An employee of Sayona Quebec in front of a lithium deposit at the company’s North American Lithium Complex in La Corne, central Quebec. Photo by MATHIEU DUPUIS/SAYONA/AFP via Getty Images files
Article content
Saskatchewan is the world’s third-most attractive region for mining investment, topped only by Nevada and Western Australia, according to the Fraser Institute’s latest Annual Survey of Mining Companies.
Advertisements 2
This advertisement has not been loaded…
