Canadian businesses are expected to have a good year as conditions in the U.S. improve. But that doesn’t mean employers will be upping their ranks – a recent survey from Hays Canada finds many plan to keep hiring costs down this year.
For the second time in 12 months the Greek debt crisis is threatening to derail the already shaky global economic recovery. The country is close to default again and they want the core European countries, France and Germany, to bail them out, again. Last year Canada emerged unscathed, but this year, Finance Minister Jim Flaherty is saying our nation faces a “real danger” of contagion. If Greece defaults, Flaherty’s biggest concern is Canada’s banking system could be damaged by the ripple affects.