BDC survey finds most businesses can weather the coming storm

Most say they can weather the economic storm — even though the worst is yet to come

Article content

Good Morning!

Advertisement 2

Article content

Article content

There appear to be a few glimmers of light as clouds gather on the horizon for Canada’s economy.

While Canadian businesses expect an economic downturn in the coming year, 69 per cent say they are prepared to face it, according to a new study by the Business Development Bank of Canada.

The BDC surveyed 1,500 small and medium-sized business owners across Canada to determine their level of confidence in

Read More

‘We are not backing down,’ White House weather advisor says

White House Nationwide Weather Advisor Gina McCarthy defended the Biden administration’s insurance policies to relieve report vitality selling prices, even as the president struggles to stability the speedy danger of inflation with long-phrase challenges posed by local weather change.

Talking to Yahoo Finance Are living, McCarthy claimed the president’s dedication to halve U.S. greenhouse fuel emissions from 2005 amounts continues to be “absolute.”

“We’re not backing down,” McCarthy explained. “Nor are we offering up on our targets. They are intense. But we are on concentrate on domestically to do what we want to do.”

McCarthy’s comments occur amid escalating unease among environmentalists that the White Property is backing off of formidable local weather pledges set one particular yr ago in the experience of public annoyance over rising strength expenses.

President Biden addresses a push conference at the COP26 UN Climate Alter Conference in Glasgow on November 2, 2021. (Photo by Brendan Smialowski/AFP)

The president rejoined the Paris Arrangement on his to start with day in office environment, and vowed to direct world-wide leaders in placing international locations on path to carbon neutrality by 2050.

At the White House’s initially Leaders Summit on Climate final 12 months, Biden introduced the U.S. would practically double its determination to lessening emissions, when aiming to eradicate fossil fuels from the country’s electric powered grids by 2035.

Nonetheless, bigger strength costs brought on by pandemic-similar provide shortages and the Russia-Ukraine War have threatened to derail these insurance policies. Fuel costs have climbed approximately 20% among February and March, although they have moderated in new months.

Less than pressure to act, the president has publicly accused oil firms of holding back creation to hold prices high. In March, Biden introduced a history launch of 1 million barrels of oil a working day by tapping into the

Read More