Loblaws experienced its second security breach this year, the Canadian inflation rate is at 1% — the lowest it’s been since 2015, and aging farmers with no written action plan for when they retire puts the Canadian farm industry at risk. These are the stories we’re following this week:
- Loblaws suffered an online security breach this week, marking the second time the company has had their data compromised this year. Via Mobile Syrup
- Data from Statistics Canada show 92 per cent of farmers have no written retirement or succession plan to indicate who will take over their farming businesses when current operators retire. Via CBC News
- Positive signs from Canadian retail sales in the past three months could make a case for another rate hike from the Bank of Canada later this year. Via Business News Network
- Proposed federal tax changes by Finance Minister Bill Morneau could impact the growth of big and small businesses in Canada. Via The Globe and Mail
- Canadian inflation rate is at its lowest since 2015, currently sitting at 1% — well below the Bank of Canada’s 2% target. Via Financial Post
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