The Canadian Press

Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks

The Bank of Canada held its key interest rate at five per cent today and signalled it has begun discussing when it should start cutting rates.

Firehouse Subs offers cash to first responders, vets to open restaurant locations

Firehouse Subs will offer $100,000 to current or former first responders or veterans who agree to open a restaurant.

Pret A Manger latest to join competitive quick-serve food industry in Canada

U.K. café chain Pret A Manger debuted its first stand-alone restaurant in Canada on Tuesday.

All eyes on the BoC this week for any hints on when it plans to cut interest rates

As the Bank of Canada gears up to announce its next interest rate decision Wednesday, economists will be on the lookout for any clues on when it plans to start cutting interest rates. 

Best Buy and Bell partner up to rebrand, revamp The Source stores across Canada

Best Buy Canada and Bell Canada have announced a partnership to rebrand and revamp 165 The Source stores.

Tech industry expecting more layoffs, but companies say hiring coming too this year

Tech’s biggest names spent last year in layoff mode and if the last few weeks are any indication, that pattern is continuing into this year.

Duelling U.S. sandwich brands Jimmy John’s and Jersey Mike’s to expand in Canada

Inspire Brands announced Wednesday that its Jimmy John’s banner would make its first foray outside the U.S. this year with a restaurant in the Greater Toronto Area and more to follow across the country.

Canada’s annual inflation rate accelerates to 3.4% in Dec, complicating path for BoC

Canada’s annual inflation rate rose to 3.4 per cent in December, largely reflecting a sharper decline in gasoline prices a year ago compared to last month.

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution

December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.

Economists expect December inflation ticked up, trend still points to slowdown

Economists are forecasting Canada's inflation rate likely ticked up last month, but that isn't expected to set off alarm bells as long as underlying price pressures ease. 

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