KeatsConnelly Cross-Border Weekly Best of the Web 2014-3-21

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing Canadians and vacation time, Canada’s inflation, and the weaken loonie.

Nay-cation? Why Canadians are leaving vacation days on the table (http://business.financialpost.com) It doesn’t seem to add up. Canadians put a lot of value on vacation but don’t even use the days they are entitled to. A new survey by TD Bank finds 93% of Canadians think vacations are important to be “happy” but only 43% report using up all of the days they are entitled to. It gets worse. All those vacation days not used amount to billions of dollars going back to employers because once they’re gone, they might just be gone forever…

Canada inflation exceeds forecast, retail sales rebound (www.theglobeandmail.com) Canada’s inflation rate slowed in February but stayed within the central bank’s comfort zone, news that may reassure policymakers somewhat but is unlikely to trigger a change in their neutral stance on interest rates.Consumer prices rose 1.1 per cent in the year to February, down from a 1-1/2-year high of 1.5 per cent in January but above the market forecast of a 0.9 per cent increase, Statistics Canada data showed on Friday. Lower gasoline prices partially offset higher shelter and food costs in February, it said…

Weaker loonie hurts more than it helps (www.advisor.ca)  The negative impact of a weaker loonie will likely outweigh any benefits, says Philip Cross, former chief economic analyst for Statistics Canada, in an analysis published today by the Fraser Institute. This week the Canadian dollar dropped below US90 cents. Good news, say some economists, for the Canadian economy. Not so, says Cross…

Come back next week for more interesting news and articles. Enjoy your weekend!

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