Ontario businesses raise prices, consider cutting staff as minimum wage increases

Ontario businesses raise prices, consider cutting staff as minimum wage increases
TORONTO — Ontario’s new $14 per hour minimum wage does not take effect until Jan. 1, but Chris Stevens has already taken steps to ensure his restaurant can afford the added expense. The co-owner of Kaboom Chicken in Toronto’s Leslieville neighbourhood has raised menu prices in anticipation of the wage hike. He and his business partner also plan to reduce their staff’s hours in the new... Read More

Crude awakenings: stabilizing oil unlikely to improve the TSX’s performance in 2018

Crude awakenings: stabilizing oil unlikely to improve the TSX’s performance in 2018
TORONTO — While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead anticipate more modest returns with the add-on of greater market volatility. “Despite being flat in the early part of the... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: No mortgage for you As of Jan. 1, shopping for a mortgage will become more difficult thanks to new rules from Canada’s federal financial regulator. Put in place to help cool real estate markets in Vancouver and Toronto, potential borrowers will have to undergo... Read More