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The Great Return: Why Remote Work Is Fading for Many Canadians

  Over the past few years, remote work reshaped how Canadians lived and worked, offering flexibility, reduced commuting stress, and a better work–life balance. But that era is shifting. A growing number of employers across Canada are signalling that remote options—once seen as a permanent fixture—are gradually disappearing. Several factors are driving this change. Many companies argue that in‑person collaboration boosts creativity, strengthens team culture, and improves productivity. Some leaders also believe that physical presence helps with mentorship and career development, especially for younger employees who entered the workforce during the pandemic. Economic pressures are also playing a role. With businesses navigating uncertainty, some executives feel that having employees on‑site provides more oversight and operational stability. At the same time, commercial real estate vacancies have pushed organizations to make use of the office space they’re already paying for. For w...

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China’s Central Bank Cuts Reserve Requirement Ratio for Banks to Boost Slowing Economy

 

China’s central bank has announced a cut in the reserve requirement ratio for banks to help boost the slowing economy. The move is expected to provide 1 trillion yuan ($141 billion) in long-term liquidity to the market. The deposit reserve requirement will be cut by 0.5 percentage points as of February 5th, 2024. 

The decision comes as the world’s second-largest economy faces multiple challenges, including a faltering recovery from the shocks of the COVID-19 pandemic. The central bank’s moves appear to be part of a concerted effort to stabilize the markets and instill greater confidence in the outlook for the economy.


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