I got to be at the CBC News’ panel once again this weekend. We discussed three topics:
- The Equifax report that showed an increase in arrears in Canadians between 26-35. While the increase is modest, this segment of the population is one of the most vulnerable ones. I don’t think there is any structural issue that would threaten the overall economy, but it does identify a segment of the population that are financially stressed.
- Flair Airlines’ $1 base fare. A nice marketing gimmick, that has been shown to increase competition moderately with a 1% to 5% reduction in prices.
- LEGO is now aiming to produce 50% of their plastic from recycled materials by 2026, after failing to meet a 100% goal previously stated. Legos were shown to be the most polluting plastic toy, because of the ABS plastic they create their bricks with. These new goals are less ambitious than their previous ones, and show how challenging it is to reduce dependence on plastic. Environmentally conscious consumers will be better serve by using their Legos for longer instead of shopping for recycled ones.
Give a watch to the business panel below. As always, comments are welcome!
