A Recap On Canada’s Business; Brexit, CPP And NewLeaf

The Brexit vote to leave the European Union initiated a plunge of the British pound sterling to a low point while the U.S dollar went up with the worth of gold increasing. The governor of the Bank of England, Mark Carney said they are well set for this and are ready to handle the current situation. Both the Bank of England and the Queen’s Treasury are working together to come up and prepare for what’s to come. The questions that are left unanswered now is the undecided fate of Britain’s economy, commercial services, monetary status and immigration system.

#1. CPP Closing On Reform Agreement

It has surfaced that people will have to be paying more into the Canada’s Pension Plan so that they can be able to have more pension when they go into retirement. The extras are being labeled as a much-needed target for mediocre earners who have retired or either another damage on businesses. The agreement is yet to be finalized by Ottawa with the provinces on the 15th of July.

#2. NewLeaf To Start Operating

When they first planned to start flying, they didn’t succeed and the company had to wait for a while and are ready to start flying again coming July. The company is meant to have their flight’s prices discounted in February, but unfortunately, they reimbursed all those that got the tickets and had to be put on hold for some time. NewLeaf has commenced with sales of tickets and will be providing their aviation services to 12 cities in Canada in the upcoming month.