CREA downgrades home sales forecast as interest rates weigh on buyers
The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.
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BoC raises key interest rate to 5%, expects slower return to inflation target
The Bank of Canada raised its key interest rate by a quarter of a percentage point this morning, bringing it to 5 per cent.
As pandemic business loan repayment deadline looms, calls for extending deadline grow
New Democrats and a business group are calling on the federal government to extend the deadline for small businesses to repay loans they received from
Bank of Canada expected to raise rates next week, despite rise in unemployment rate
The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain
Labour shortage in construction adding extra pressure to housing supply gap: experts
The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.
Businesses expect more, but slowing price, wage increases: Bank of Canada survey
Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the
Canadian economy holds steady in April as real GDP remains unchanged, StatCan reports
Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.
Cannabis company Canopy Growth sells California facility, changes auditors
The cannabis company is selling some of its facilities as part of an organizational transformation announced last year to help cut spending.
Champagne maintains Canada’s approach to AI is ‘ahead of the curve’
Canada’s industry minister says he thinks the country is “ahead of the curve” with its approach to AI, beating even the European Union.
Feds widen pathways for attracting tech talent
Ottawa wants to draw more tech talent to Canada and is expanding the pathways workers in the sector have to enter the country.
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