The Canadian Business World: Five things to watch for


What’s new in the Canadian business world? How can you get an affordable Canadian merchant account easily so to grow your business? Keep on reading below and you’ll know.


Recent Happenings in the Canadian Business World

Here’re several pieces of news concerning the Canadian business world that you should take into account:


  1. The price index for February 2018 speaks of the1st fall in home prices since July 2010. The reason has to do with increasing interest rates and stronger mortgage regulations.


  1. According to jobs galore Statistics Canada, 32.300 net new jobs have been opened. This happened after Canada generated a rush of full-time work. The latter made it possible to keep the national unemployment rate at the lowest point ever.


  1. Telus Corp., Vancouver-based telco, together with competitors Bell and Rogers, have been running 5G technology pilots. Also, they were going to spend billions of dollars on upgrading their networks so to be well prepared for the early stages of 5G technology within 1-2 years.


  1. According to Statistics Canada, the manufacturing sales grew 1.9% to $55.8 billion in February 21. This was registered after 2 consecutive monthly decreases. The main reason for such growth has to do with higher sales in the transportation equipment industry.


  1. CPPIB CEO Mark Machin notes that a decline in global stock prices may result in better prices for investments. The fund got a 4% return in the quarter ended Dec. 31.


  1. According to Statistics Canada, the country’s annual inflation rate hit 2.3%, inching a little farther past the midpoint of the central bank’s ideal range of between 1-3%.


By the way, business owners interested in a Canadian merchant account should find a reputable payment processor to work with. Only a respectable merchant services provider can help you get the best deal for your business. With a true professional in the field, you can enjoy the lowest possible rates and the right merchant services tailored to your own specific business needs.

If you’re a merchant interested in starting or growing your business in Canada, you can’t do without a Canadian merchant account. Also, you should always keep your finger on the pulse so to never fall behind.


Author Bio: Electronic payments expert Blair Thomas co-founded eMerchantBroker, serving both traditional and high-risk merchants by offering a Canadian merchant account, and much more. His passions include producing music and traveling.