Some observers have been quick to call for investigations and prosecutions of those mentioned in the Paradise Papers, a high-profile exposé of the financial dealings of the world’s wealthy.
Labour markets have been tightening sharply in the United States and Canada. The unemployment rate in the U.S. is well below 5 per cent, while in Canada the rate is quickly approaching 6 per cent. Generally, this development leads to rising inflation, as employers offer higher wages to attract new workers. Yet inflation in both countries remains below the 2 per cent target established by the central banks in both countries.
The celebration of Canada’s 150th birthday was a time for Canadians to reflect on how lucky we are to live in a wealthy country. There were certainly no guarantees way back in the 19th century that Canada would develop into a rich country.
Momentum is clearly building around the future deployment of 5G networks in North America. 5G will be essential in order for Internet of Things (IoT) applications and self-driving cars to become mainstream. It may also unlock significant growth potential for the Canadian telecommunications industry, which has barely grown in recent years as measured by its gross domestic product.
It’s been a scorching summer in Alberta, with temperatures consistently above the 30-degree mark during the last few weeks. While not everyone across Canada is lucky enough to enjoy this weather, the high temperatures bring with them a useful reminder of the importance of electricity in our daily lives, a service provided by a key industry that is in a constant state of change.