Bank of Canada hikes key rate by half percentage point, signals possible pause
After its seventh consecutive increase since March, the central bank signaled it may pause its aggressive rate hike cycle.
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The Canadian Press
BoC expected to end year off with one more rate increase, likely to pause hikes soon
Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a
Cdn. tech sector participation and pay gaps persist and in some cases, worsen: report
A new report shows women, people of colour and immigrants in Canada’s tech sector saw employment and pay inequities persist between 2001 and 2016.
Pandemic, slower U.S. migration see Canada closing gap with U.S. in workforce race
Since the global onset of COVID-19, Canada has been closing the gap with the United States when it comes to attracting and keeping new permanent
New census data shows how commuting dropped during pandemic, labour force aging
There were 2.8 million fewer commuters in 2021 than in 2016 as the pandemic drove a shift toward remote work, according to Statistics Canada.
Canopy Growth breaks out Canadian operations in new unit, lays off 55
Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller,
Economists see underlying signs of weakening in third quarter GDP numbers
Although the headline growth rate is significantly stronger than forecasters had anticipated, the fall in consumer spending suggest higher interest rates are beginning to affect
Government can’t solve housing issues alone, private sector must be involved: CMHC
The report by CMHC deputy chief economist Aled ab Iorwerth says the scale of the problem is so large that the private sector must be
Shopify says merchant sales set Black Friday record at US$3.36 billion
Shopify Inc. says sales by merchants on its system set a new record for Black Friday as they rose 17 per cent compared with a
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Speaking at a conference hosted by Western University’s Ivey Business School in Ottawa on Thursday, the former governor warned today’s economy is more sensitive to
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