High inflation. A complicated interest rate cycle. Alberta’s controversial pension plans. Netflix’s password sharing crackdown. Canada’s most livable cities. Rising mortgages payments. Recession fears. It’s safe to say that there has been no shortage of news this year.
In the final weekly digest of 2023, we’re taking a look back at The Globe’s most-read business and investing stories of the entire year. Get caught up on the biggest stories that resonated with readers on a variety of topics from housing, debt, critical minerals and more.
‘We’re barely making it’: Eight Canadian stories reveal the pain of soaring mortgage costs
In a year of high inflation and housing unaffordability, Canadian homeowners were especially feeling the squeeze of interest rates. Irene Galea spoke to Canadians facing difficult decisions in order to continue paying off their loans. They’re deferring retirement, cutting back expenses and worrying about how they will cover their next mortgage payment. Some are even lengthening their mortgage amortization, stretching out the duration of their payments from 15 or 25 years to 30 years or beyond to keep their payments down. These are their stories.
Opinion: Netflix’s desperate crackdown on password sharing shows it might fail like Blockbuster
When Netflix announced in February that it would crack down on password sharing, Canadians users were left questioning whether it was still worth paying the subscription fee. In a column for The Globe and Mail, Ken Birch, director of the Institute for Technoscience and Society at York University, raises the question of whether the move – and Netflix’s business model and monetization strategy – is viable in the long-run. He writes: “Netflix is facing a self-defeating cycle with its subscription changes.” Fast forward to the end of the year, Netflix has reported strong third-quarter results and increased its subscriber base – sending shares surging.
The 100 most livable cities in Canada
One of The Globe’s popular stories of the year in general was the inaugural ranking of Canada’s 100 most livable cities. The data-driven list places an emphasis