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.
Among the usual trappings are new factors that could shake up holiday shopping, the busiest season of the year: inflation, and the high interest rates the Bank of Canada has imposed to fight it.
Ailing toy retailer Mastermind GP Inc. says it has reached a deal to sell the bulk of its business to a company representing three big names in the Canadian retail world.
Canada's unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country's population is growing rapidly.
Canadian companies have been keen not to ignore AI's capabilities as a technology that could disrupt their business or deliver efficiency and cost savings.
Small businesses lost more than $38 billion in revenue opportunities last year because of labour shortages, according to estimates from the Canadian Federation of Independent Business.