The Canadian Press

While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said.

Canadian movie theatre owners say they're nervously watching for developments in dual Hollywood strikes and plan to show more classics, cult favourites and live events if the labour disruptions stretch on.

Statistics Canada says Canada's inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada's target range for the first time in more than two years.

Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months.

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

The Bank of Canada raised its key interest rate by a quarter of a percentage point this morning, bringing it to 5 per cent.

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 a pandemic support program.

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 last month, forecasters are still expecting a rate hike next week.

The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.

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 pandemic, a new survey by the Bank of Canada suggests.