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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.

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Canada Post Strike Threatens Vital Donations for Local Charities


 

As the holiday season approaches, local charities are facing a significant challenge due to the ongoing Canada Post strike. This disruption is expected to lead to a sharp decline in mail-in donations, which are crucial for many non-profit organizations during this time of year.

In the Waterloo region, charities like the United Way and the Salvation Army rely heavily on mail-in donations, especially during November and December. Scott Hamilton from United Way Waterloo Region mentioned that half of their donations come through the mail during these months. Similarly, the Salvation Army received about $60,000 through mail-in donations last Christmas.

The strike has already impacted organizations like Food4Kids Waterloo Region, which reported a $10,000 shortfall due to the postal disruptions. Many charities are urging donors to consider alternative methods of giving, such as online donations, phone pledges, or in-person contributions.

To mitigate the impact, some organizations are exploring options like hand-delivering newsletters and donation requests to potential donors. Despite these efforts, the strike poses a significant threat to the fundraising efforts of many local charities, potentially affecting their ability to support those in need during the holiday season.

If you usually donate by mail, consider switching to online or other methods to ensure your contributions reach these vital organizations.


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