Tausi Insider

Opinions expressed by Entrepreneur contributors are their own. Over the last couple of years, Christmas in July has taken on a new meaning for retailers — what once was an opportunity to offer a summer sale has now transformed into a critical time to prepare for the upcoming holiday shopping season. But the past few holiday shopping seasons have proven to be anything but ordinary. The past two years, the pandemic caused supply chain delays resulting in backlogs and undelivered gifts, a challenge for retailers and a lesson learned for consumers. As a result, this year, consumers began their holiday shopping earlier to avoid supply chain bottlenecks and to combat high inflation — with 25% of consumers starting as early as August or September. Additionally, the pandemic accelerated the online shopping trend, with new data suggesting that 24.5% of this year's total retail holiday sales will come from online orders. With all of this in mind, some (myself includ...

Canadian bank CEOs say they’re able to adapt to the higher credit requirements the banking regulator has set in preparation for more uncertain economic times ahead. RBC RY-T chief executive Dave McKay says the bank will stay well above the 11 per cent stability buffer requirement even with the pending $13.5-billion acquisition of HSBC Canada, while there would be time to adapt to any further potential increases. In December, the Office of the Superintendent of Financial Institutions raised the capital requirements banks have to keep on hand by half a percentage point, while also increasing the range of potential future increases as a potential safeguard as higher interest rates put higher stress on borrowers. Speaking at RBC’s bank CEO conference in Toronto, McKay said he doesn’t expect that an increase in mortgage defaults would be a significant stress for the bank’s capital as only a low single digit percentage of its overall borrowers have both a potential payment crunch and low c...