It is Tuesday, April 28. Here are the top stories we are following today.
What is surveillance pricing and is it coming to a grocery store near you?
Financial Post breaks down what surveillance pricing is, how it differs from dynamic pricing, and why people are concerned about it now. The concept involves using consumer data to set personalized prices, raising privacy and fairness issues.
What Bank of Canada’s Macklem and Fed-nominee Warsh get wrong about productivity and interest rates
Bank of Canada governor Tiff Macklem and United States Federal Reserve chair nominee Kevin Warsh are misinterpreting the effect of productivity on the economy and what it could mean for interest rates, says a Desjardins Group economist. Policymakers take a long-term view of neutral rates, but may overlook short-term impacts.
Simons continues slow and steady conquering of Canadian retail
For La Maison Simons, slow and steady wins the race. Canada’s oldest private family-owned retailer has opened just 19 stores in its 186-year history, but it has survived countless economic cycles and technological changes. After opening its first store outside Quebec in 2012, Simons has expanded to major cities including Edmonton, West Vancouver, Ottawa, Calgary, Halifax and Toronto.
Are young FHSA savers about to get duped again?
Canadians have billions of dollars tucked away in their First Home Savings Accounts, a savings stockpile that has only been growing as stock markets have powered higher in recent years. One mortgage broker said people should stop thinking of their houses as investments, adding that the market downturn is driving people to make purchases based on life events.
There is ‘growing confidence’ in Canadian LNG prospects: Shell CEO
Shell PLC chief executive Wael Sawan said improved signals from Ottawa and the British Columbia government over liquefied natural gas projects have boosted the odds of a green light for an expansion at LNG Canada. He noted that Canadian LNG projects benefit from structurally lower costs due to weaker natural gas prices in Western Canada and shorter shipping distances to Asia.
