CDN BUSINESS JOURNAL

The byelection was much closer than the polls predicted, but Olivia Chow has beaten Ana Bailou to become the next Mayor of Toronto. #TorontoMayor #Toronto

Nationally, wheat production is projected to increase by 55.6% year over year to 34.7 million tonnes in 2022. Learn more: ow.ly/4Our50KJ081.

This is my regular unsolicited advice after a @CPC_HQ leadership contest. Please don’t introduce the new leader as the “next PM”. It presumes on a title/office that has not been earned. Seems like a small thing perhaps but erring on the side of earnestness and humility never is.

NEW: We're suing Mark Zuckerberg for his role in Facebook’s misleading privacy practices and failure to protect millions of users’ data. Our investigation shows extensive evidence that Zuckerberg was personally involved in failures that led to the Cambridge Analytica incident.

The Ontario election will be held on June 2. As of this point, early polls indicate that incumbent Premier Doug Ford and his Conservative Party holds about a 7-point lead. #onpoli

Bank of Canada Governor Tiff Macklem and his team underestimated the voraciousness of inflation, which is why it's quite likely more interest rate hikes are on the horizon. Hikes will help quell spiraling inflation, but hurt those with heavy credit debt, including mortgages.

Findings of an IG Wealth Management Tax Study: •96% of Canadians plan to file their tax returns before May 2nd deadline •72% will claim appropriate Covid-related tax benefits •17% feel tax planning is a full year activity •60% expect to get a tax refund; average of $2,400

Listen, I can’t do miracles ok

Ryerson University is changing its name to Toronto Metropolitan University after its board of governors approved the switch on Tuesday.

$44 billion to acquire Twitter from Jack Dorsey, et al. while certain "celebrities" claim they'll close their accounts.

The extreme antibody reaction from those who fear free speech says it all

A social media platform’s policies are good if the most extreme 10% on left and right are equally unhappy

No time to read our Monetary Policy Report? That’s OK. Here’s our latest assessment of the Canadian #economy in 60 seconds. bankofcanada.ca/2022/04/mpr-20…

Bank Rate Now at 1%; will add more stress to borrowers. cbj.ca/bank-rate-now-…

Soaring Housing Costs Top Federal Budget Agenda cbj.ca/housing-costs-…

New Investment in Honda Plant cbj.ca/new-investment…

Inflation Hits 5.7% in February cbj.ca/1339620/

As of April 1, travellers entering Canada won't have to show proof of a negative COVID-19 test. The government is lifting the pre-arrival COVID-19 testing requirement at the border for vaccinated travellers. Passengers may still be subjected to random PCR testing at airports.

The totality of our sanctions is crushing the Russian economy. The ruble has lost more than half its value. The list of private businesses leaving Russia is growing by the day.