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 for lower inflation.
"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 executive.
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.
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, a senior Bank of Canada official said Thursday.
At an investor update Wednesday, the Chicago burger giant said it aims to have 50,000 restaurants in operation worldwide by the end of 2027. McDonald's had 40,275 restaurants at the start of this year.
The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping bring inflation down.