The Canadian Press

Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report

A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space.

Survey shows employers, workers might be aligning on hybrid work

The new data from recruiting company Robert Half found that hybrid working arrangements were favoured by 54 per cent of hiring managers, compared with 49 per cent of professionals surveyed.

July home sales see largest annual rise in two years: CREA

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.

As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC

Canada's annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall.

Economists expect rise in inflation as price growth fight enters new phase

Forecasters anticipate this week's consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation.

Shopify optimistic about ‘new shape’ of business following layoff, AI announcements

Shopify says it recorded a US$1.3-billion loss in its most recent quarter as the company laid off 20 per cent of staff and sold its logistics business.

All news in Canada will be removed from Facebook, Instagram within weeks: Meta

Discovering news articles and videos on Facebook and Instagram will soon become a relic of the past, as Meta announced it is officially ending news availability in Canada.

Economy grew in May despite wildfire effects, looks to have slowed in June: StatCan

The economy grew by 0.3 per cent in May despite pressure from wildfire-hit oil and gas, per Stats Can, but seemed to slow in June.

Canadian venture capital funding bounces back in Q2 but first half lags behind 2022

CPE Analytics says Canadian venture capital funding rose in Q2, but funding levels are still well off what they were for the first six months of 2022.

Montreal’s new, for-profit light-rail system: national model or cautionary tale?

Unlike other major transit projects in Canada, Montreal's light-rail train opened quickly, and the government didn't get in the way.

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