Tausi Insider

The Canadian dollar CADUSD weakened against its U.S. counterpart on Thursday as a rebound in equity markets lost momentum and despite preliminary domestic data showing that wholesale trade rose in November. The loonie was trading 0.3 per cent lower at 1.3650 to the greenback, or 73.26 U.S. cents, after moving in a range of 1.3572 to 1.3663. Wall Street stocks fell as investors weighed signs of a still tight U.S. labor market. On Wednesday, the major U.S. indexes posted their biggest daily gains so far in December. Canada is a major producer of commodities, including oil, so the loonie tends to be sensitive to shifts in investor sentiment. Oil climbed to its highest level in 2-1/2 weeks with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. U.S. crude prices were up 1.1 per cent at $79.14 a barrel. Canadian wholesale trade rose 1.9 per cent in November from October, largely reflecting higher sales in the motor vehicles and parts...

New research suggests a four-day week may be gaining mainstream momentum in corporate Canada as workplaces continue to fine tune post-pandemic schedules and working conditions. A survey by recruitment firm Robert Half found 91 per cent of senior managers polled say they support a four-day work week for their team. It found the majority of managers also anticipate their company will transition to a shorter working week within the next five years. The poll also found nearly three-quarters of workers would put in four 10-hour days in exchange for an extra day off a week. Mike Shekhtman, senior regional director with Robert Half, says a shorter work week could help with employee recruitment and retention. He says giving workers the option to work a four-day week and the autonomy to create their own schedule could also boost morale and productivity. https://www.tausiinsider.com/four-day-work-week-gaining-mainstream-momentum-in-corporate-canada-survey-suggests/?feed_id=323420&_uni...