Description: The Canadian economy continues to provide opportunity for job seekers. According to Statistics Canada, January showed 874,000 job openings. This number is down a bit from September, but still a very favourable statistic for potential employees. The Bank of Canada has stressed that the positive job market trend is one reason it is considering a raise in its benchmark interest rate.
Date: January 27, 2022
1) Are you and your classmates feeling good about your job choices for summer jobs and/or full-time jobs after graduation?
2) Why would the job market numbers be an influence on the Bank of Canada’s interest rate decisions?
3) Illustration 1.1 of Wiley’s Managerial Accounting: Tools for Business Decision Making provides a graphic showing the differences between financial accounting and managerial accounting. Which of these two streams are you more interested in as you project yourself towards a future accounting career?