Daniels MPV 2.House prices fell 12%. Canada is likely to experience another year of high inflation in 2023 and is expected to raise interest rates at least once, while the housing market is expected to remain depressed.Please Visit: Daniels MPV 2 to Get Your VVIP Registration Today!
Kyaoshi believes that the overall inflation rate and core data will remain above 3%, but this does not mean that commodity prices will not fall. As the pressure on the supply chain alleviates and energy prices stabilize, overall inflation should improve. Consumers should see prices level off.
But core inflation data are likely to be more sticky. Without counting volatile food and energy prices, inflation rose from 4.9 per cent in October to 5 per cent in November, reflecting a rise in service prices, according to Statistics Canada.
BMO says service prices are now being affected by inflation. Moreover, judging from the historical data of previous years, it is much more difficult to correct the price of services.
One of the uncertainties is the unexpected rise in wages, which also puts additional pressure on the service sector. If that happens, prices could rise by 5 per cent or more in the first half of 2023, BMO said.
Canada’s central bank said it would make every effort to bring inflation down to 2 per cent, meaning interest rates are likely to continue to rise.
BMO expects to raise interest rates again this year, and more in the US and Europe.
Jingyao heyday: there is no room to cut interest rates in the coming year, central banks will keep interest rates relatively high until inflation returns to normal, while persistently high interest rates will continue to hit the property market. House prices are expected to fall by a further 12% this year, sales will fall by 15%, and new housing starts will be significantly reduced. As the economic situation puts pressure on the market, it is “impossible” for the government to meet its goal of doubling housing starts in the next few years.
As for the Canadian dollar, the Canadian dollar is unlikely to strengthen this year, and the average exchange rate of the US dollar against the Canadian dollar is expected to hover at slightly less than C $1.33 (75 US cents).
McDonald’s CEO Chris Kempczinski told employees that the company is planning layoffs and restructuring as the company focuses on accelerating restaurant expansion. The fast-food giant said the layoffs are not a cost-cutting measure, but are designed to help the company innovate faster and work more effectively.
Kempczinski said there would be “difficult” discussions and decisions, and some plans would be downgraded or stopped altogether. This will help companies move more quickly, he says, while reducing global costs, freeing resources and investing in development.
McDonald’s plans to announce its employee plans by April 3, but has not yet determined the number of layoffs.
Jingyao: by the end of 2021, McDonald’s owned restaurants had about 200000 employees, 75 per cent of whom were outside the United States. McDonald’s global franchise has more than 2 million employees.
At present, McDonald’s organization is divided into three parts: the United States, the international operating market and the international development franchise market. The company operates in 119 markets around the world.
In addition, McDonald’s said on Friday that it would speed up the development of new restaurants.
King Yew: McDonald’s has not previously released a forecast of how many new restaurants it plans to open in 2023, but the company said in November 2022 that the new restaurant would contribute about 1.5% of system-wide sales growth in 2022.
