Trudeau Seeks to Reform Laws Amidst Princess Diana Sweater Sale, Music Fest Cancellations, and Google Settlement

Trudeau proposes reforms to competition law to make corporations more competitive, but impact on prices unclear.
Princess Diana's iconic sheep sweater sold at auction for record $1.1 million.
Harvest Music Festival cancels all Saturday shows and events due to approaching Hurricane Lee.
Amherst mayor worried Hurricane Lee could cause flooding at vulnerable Chignecto Isthmus.
Google agrees to pay $155 million to settle claims it misled users about location tracking.

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9/16/2023

Politicians Propose New Measures to Address Inflation and Affordability Despite Limited Near-Term Impact

The Canadian government is taking measures to address affordability challenges, including a cut in Goods and Services Tax, plans to boost the Competition Bureau's power, and an effort to lower food prices; however, economists believe these measures are unlikely to have an immediate impact on inflation or interest rates.