Five things to watch in Canadian business in the new year

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It was a busy 2024 for Canadian business: the Bank of Canada began cutting interest rates as inflation moderated and labour unions looked to make gains.

Some of these changes look set to continue in 2025, but the new year will also bring fresh challenges.Corporate Canada will be focused on Donald Trump, who is set to be sworn into office on Jan. 20, with the U.S. president-elect already making waves in the business world.

But Mc Mahon says he thinks we are getting a big dose of"The Art of the Deal,” referring to Trump’s book on negotiating tactics. Mc Mahon said moves by Trump to cut corporate taxes and increase deregulation should benefit U.S. businesses. The Conservatives enjoy a wide lead in the polls that could translate into a majority in the House of Commons.

Davelle Morrison, a real estate broker at Bosley Real Estate Ltd., said 2024 was a terrible year for the real estate market, but she expects things to turn around in 2025.

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