Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.
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The Canadian Press
Tight-lipped Bank of Canada holds key interest rate at 5%, says it’s too early to cut rates
The central bank announced its interest rate decision Wednesday as economists widely expected no change in the policy rate.
Business insolvencies leap higher in January from a year earlier, led by bankruptcies
Business insolvencies more than doubled in January compared with a year earlier as they also surpassed pre-pandemic levels for the month.
Canada lags behind peer countries on female representation in management: report
In a new report Tuesday, the Canadian Chamber of Commerce said Canada lags behind nearly half of its OECD peers in its share of female
BoC expected to hold interest rates this week as grey cloud hangs over economy
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the
Body Shop Canada files for bankruptcy protection, plans restructuring
The Body Shop Canada Ltd. says it will close 33 stores, including three stores local to Ottawa, and halt its e-commerce operations as it seeks
Canada averts recession with meagre growth in Q4, consumers and businesses pinched
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
Canada’s AI reputation at risk if it doesn’t speed up adoption: tech community
Members of Canada’s tech community say they’re worried the country is adopting AI too slowly, threatening its reputation as a leader in the sector, if
Loblaw spending more than $2B to build more than 40 new stores, renovate hundreds
Loblaw Cos. Ltd. announced Tuesday the record investment plan, which includes the expansion and relocation of 10 stores and renovations at 700 locations across its
‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January
Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.
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