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“Loblaws is Out of Control”: Canadians Unite Against Rising Grocery Prices
A group of Canadians fed up with grocery prices has decided to boycott Canadian grocery giant Loblaws during the month of May. The boycott includes all of Loblaws’s subsidiaries, including Real Canadian Superstore, No Frills, T&T, Esso Gas, and Shoppers Drug Mart, as well as their in-house brands such as President’s Choice, No Name, and Joe Fresh.
Half of BC Restaurants Currently in The Red
While COVID-19 restrictions on BC’s restaurant industry were lifted over 18 months ago, BC’s restaurants are still facing urgent financial hardships. Amid decreasing profits and bankruptcies, many restaurants are now seeking assistance from the provincial government.
How Banks Across the Globe Failed
On Mar. 10, the Federal Deposit Insurance Corporation (FDIC) in the United States took control of Silicon Valley Bank (SVB) after billions of dollars were withdrawn by depositors and the bank defaulted. As a result of this, a couple of days later, two other banks defaulted as well, creating negative consequences globally.
Finance Minister Announces 2023 Budget
Amidst looming fears of a recession and slowing economic growth, this year’s federal budget sees billions in new spending for healthcare, affordability, and the clean economy, while straying from key measures of fiscal responsibility and facing a mounting debt burden.