Shopify losses, job vacancies and a technical recession: The business and investing stories you need to know about this week

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Shopify losses, job vacancies and a technical recession: The business and investing stories you need to know about this week
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Plus, what to do if you’re stressed about rising mortgage payments

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Turns out, we love going to the mall after all. As pandemic restrictions have lifted, many people are returning to old habits – trying on clothes, testing mattresses, browsing shelves – and as the Shopify layoffs seem to show, ditching online shopping. As Matt Lundy writes, Canadians spent about $3.5-billion on e-commerce orders in May, from a year earlier, when parts of the country were still in lockdown. It’s a similar story in the U.S., but don’t call it a bust yet.

For more than a year, Canada’s record labour shortage has meant big pay bumps for those willing to switch jobs. But with a possible recession on the horizon and some tech companies trimming their headcounts, some workers are starting to wonder. As Erica Alini reports, the latest Statistics Canada data shows employers were actively seeking to fill over a million vacant positions at the beginning of May, up 42.5 per cent from the same month last year.

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