Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth.
Economists say inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to two per cent inflation will be a bumpy one.
The usual sight of green-clad revellers celebrating St. Patrick's Day is expected across Canada on Sunday — but compared with a decade ago, fewer of them will be indulging in alcohol.
Techopia Live is heading out to the Ottawa Valley. Based in Arnprior, Convergence Design Services dates back to the 1990s, but more recently the company has quietly doubled its revenues, ranking sixth on the Fastest-Growing Companies in Eastern Ontario.
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.Â
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 stage for rate cuts in the coming months.