Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.
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The Canadian Press
Freeland’s fiscal update pledges new guardrails to keep deficits in check
Finance Minister Chrystia Freeland presented her fiscal update in the House of Commons on Tuesday, stressing the pressure inflation and a slowing economy are putting
Statistics Canada says annual inflation rate slowed to 3.1% in October
The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell,
Bad Boy Furniture gets Ontario court approval to start liquidation sale
An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores.
Canadian Chamber of Commerce forms AI council with members including Amazon, Google
The chamber says the council will advocate for government policies to be centred on the responsible development, deployment and ethical use of AI in business.
CRA claws back $458 million in pandemic era wage subsidies after partial audit
The CRA has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program after a partial audit.
Economists expect inflation slowed again in October as high interest rates take hold
Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly.
Feds launch $10M program for small businesses in Indigenous tourism
The federal government has launched a $10-million program to provide grants to small businesses involved in Indigenous tourism across Canada.
Canopy Growth says Ontario court has approved sale of BioSteel business
Canopy Growth Corp. says an Ontario court has approved the sale of its BioSteel sports drink business in a pair of deals.
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