Weekly Digest – 25 January 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

The price of oil is rising again

China has shown signs that they are ready to buy more oil, which could mean the economy will perform better, and crude oil prices will move back between $90 and $100 a barrel.

PM announces investment in quantum computing

Justin Trudeau announced a new investment of $40 million to build the world’s first photonic-based, fault-tolerant quantum computer. This computer will be used in finance, transportation, environmental modelling, and health.

Why experts say deflation is unlikely

More than a quarter of Canadians believe that current decades-high prices will drop five years from now, but economists think that prices are likely to stay high overall.

These are the 5 signs that it’s time to quit your job

In 2022, many workers considered making a career move and quitting their job. But now that the job landscape has changed thanks to widespread layoffs keep these 5 things in mind when considering whether or not it’s time to move on.

Apply for The Canadian Business Innovation Awards

The Canadian Business Innovation Awards celebrate 50 leading organizations pushing their industries forward and challenging the status quo. Learn more about the awards and how to apply here.

Bitcoin continues to gain ground

Bitcoin has started 2023 on a positive note, with the price rising above $23,000 earlier this week. Investors are hoping for a reversal in the monetary tightening that spooked market players last year.

US government hits its debt ceiling

The treasury secretary said the government would suspend debt issuance and investments into two government employee retirement funds until Congress acts.

Microsoft throws its weight behind OpenAI

Microsoft is making a multibillion-dollar investment in the artificial intelligence startup OpenAI, which makes ChatGPT, DALL-E and other tools that can write readable text and create images.

Spotify cutting 6% of its workforce

The latest tech giant to announce a round of layoffs is Spotify, who said this week that 588 employees will lose their jobs.

M&Ms ditches “spokescandies” a year after makeover

M&Ms replaced their “spokescandies” with US comedian Maya Rudolph after a rebrand of the cartoon versions caused a backlash. Conservative news outlets deemed the recent makeovers, which were meant to be more inclusive and appealing to more people, as a product of “woke culture.”

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