Odds of another rate hike have fallen, BoC governing council agreed as it held rate
The odds of another rate hike have decreased, the Bank of Canada’s governing council agreed during discussions ahead of its most recent interest rate decision.
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The Canadian Press
Inflation holds at 3.1% in November as progress in tamping down price growth stalls
Canada’s annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled.
Canopy Growth sells This Works skin care brand to U.K. investment firm
Smiths Falls, Ont.-based cannabis company Canopy Growth says the deal with Inspirit Capital is valued at up to $15.9 million.
Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way
All grocers need to sign code of conduct for it to be successful, Metro CEO tells MPs
All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president
Retailers facing pricing pressure may have to pass increases to shoppers: Dollarama
“Retailers are doing their best not to push those costs on to the consumers, but retailers can only absorb so much,” said Dollarama Inc.’s chief
Shares of cannabis company Canopy Growth to be consolidated on a one for 10 basis
Canopy Growth Corp. says a consolidation of its shares on a one-for-10 basis is expected to become effective on Friday. The post-consolidation shares are expected
Tourism recovery not expected until next year, Destination Canada report finds
A new report from Destination Canada says the country’s tourism industry won’t fully recover until next year.
Ontario pledges $4 million for 2025 world junior hockey championship in Ottawa
The 2025 junior championship, which will begin Dec. 26, 2024, will feature 29 tournament games as well as exhibition contests in Ottawa and surrounding communities.
Surge in newcomers putting pressure on inflation via housing demand: BoC deputy
The recent surge in newcomers is adding to inflation through housing demand, warning rents and home prices could continue to rise without boosting housing supply,
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