The Canadian Press

Recent data counts 630 startups worldwide which have let go of 80,902 employees this year alone. About 1,193 startups have laid off 176,874 workers since the pandemic began.

The $500-million investment platform will support the growth and economic impact of Canadian women-led businesses, as women continue to face an uphill battle in the business world.

Statistics Canada says employers were actively seeking to fill 997,000 jobs in the second quarter, the highest quarterly number on record.

In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8 per cent compared with a year ago.

The national housing agency says the seasonally adjusted annual rate of housing starts in August was 267,443 units, down three per cent from 275,158 in July.

In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.

The auditing firm says fintech companies in the country garnered US$810 million in investments across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.

It marks the capital’s lowest unemployment rate since at least March 2001 – the earliest date for which statistics are available.

Bank of Canada senior deputy governor Carolyn Rogers says the journey back to two per cent inflation will take time and a that period of lower economic growth is necessary to bring inflation down.

Shopify founder and chief executive Tobi Lutke says the company will benefit from Hoffmeister's more than 20 years of investment banking experience in the technology sector.