What’s In This Email

• Weak job market influenced Bank of Canada’s decision to cut rates

• Before starting your online business, read this!

• Luckily cats can’t compete in the Olympics

• 17 Random facts about the 90s you need to know

• Notable Spotlight: Canadian Concerts: Hottest tickets of 2024

• Notable Plug 🔌

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Weak Job Market Influenced Bank of Canada's Decision to Cut Interest Rates

Recent insights reveal that concerns over a weakening job market played a significant role in the Bank of Canada's decision to cut interest rates in July, as the central bank seeks to stimulate economic growth.

Key Takeaways

• Job Market Concerns: The Bank of Canada expressed worries that further deterioration in the labour market could hinder consumer spending, potentially stalling economic growth and keeping inflation below its 2% target.

• Interest Rate Strategy: With inflation easing, the central bank is focused on supporting the economy, indicating that it may continue to lower interest rates if inflation aligns with projections.

• Economic Uncertainty: While the Canadian economy has avoided a recession, signs of underlying weakness persist, such as the economy shrinking on a per-person basis and rising unemployment, which reached 6.4% in June.

• Future Rate Cuts Expected: Analysts now anticipate that the Bank of Canada will continue cutting rates throughout 2024, aiming to reach a lower terminal rate by the end of 2025.

Why this matters: Understanding the Bank of Canada's strategy provides valuable context for businesses and consumers as they navigate the impacts of changing interest rates on the broader economy. With continued rate cuts expected, the economic landscape may shift, affecting everything from consumer spending to business investments.

Read the full article here.

Before Starting Your Online Business, Read This: The Harsh Truths No One Will Tell You

Starting an online business can seem like a dream come true, especially when you're tired of the daily grind and yearning for independence. However, beneath the allure of working from home and being your own boss, there are some hard truths that aspiring solopreneurs need to know.

Key Takeaways

• Research is Crucial: Jumping into a niche because someone else is successful in it can be a costly mistake. Choose a field that aligns with your skills and passions, not just one that looks profitable.

• Be Cautious with Courses: Don’t rush into buying every course or eBook that promises success. Follow creators, read reviews, and ensure that the content is genuinely valuable before investing.

• Isolation is Real: The freedom of working solo can quickly turn into loneliness. While you avoid office politics, you might miss the camaraderie and idea-sharing that comes with having coworkers.

• Wearing Many Hats: As a solopreneur, you are the CEO, marketer, customer service rep, and accountant all in one. This can be overwhelming and requires constant skill-building.

• Motivation Challenges: Without a boss or team to keep you on track, maintaining motivation is tough. It’s easy to fall into procrastination without a solid system and self-discipline.

• Decision Fatigue: Making every decision on your own can lead to burnout. Building a supportive community is essential for advice and fresh perspectives.

• Blurring Work-Life Boundaries: When your home is your office, separating work from personal life becomes a challenge. Establishing and sticking to a work system is crucial to avoid burnout.

Why this matters: Starting an online business is rewarding, but it's not without its challenges. Understanding these realities can help you prepare better and build a sustainable venture. The key is to approach your solopreneur journey with a strong mindset, discipline, and a clear strategy.



Read the full article here.

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Canadian concert tours: Hottest tickets in 2024

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🔌 NOTABLE PLUG

🎙️ Get Into It: Cool People Who Did Cool Stuff podcast. As long as there’s been oppression, there’ve been people fighting it. This weekly podcast dives into history to drag up the wildest rebels, the most beautiful revolts, and all the people who long to be—and fight to be—free. It explores complex stories of resistance that offer lessons and inspiration for us today, focusing on the ensemble casts that make up each act of history. That is to say, this podcast focuses on Cool People Who Did Cool Stuff. Listen on Apple or Spotify.

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🧠 Today We Learned: the term "Spaghetti Western" refers to Western films made in Europe. It's called such because most of these films were directed by Italians.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.