The Canadian Press

Ottawa’s unemployment rate falls to 3.4% in August, bucking national trend

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

Lower economic growth necessary to bring inflation down: BoC senior deputy governor

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 names Morgan Stanley executive as new chief financial officer

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.

Bank CEOs say higher rates starting to dampen growth

The heads of Canada's biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that they continue to notch growth.

UPDATED: Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

The Bank of Canada raised its key interest rate by three-quarters of a percentage point Wednesday and signalled this won't be the last increase as it continues its battle against high inflation.

Cannabis retailer Superette granted court protection from creditors

In an order made by the Ontario Superior Court on Aug. 30, cannabis retailer Superette Inc. has been granted court protection from creditors under the Companies' Creditors Arrangement Act.

Remote work debate intensifies as companies mandate return to office after Labour Day

A return-to-office showdown is pitting some bosses and workers against each other as the back-to-school season brings with it a renewed push to get employees back into the office.

BoC expected to raise interest rate for fifth time at pivotal moment for economy

Inflation appears to have peaked, but it's still running hot, and a supersized rate hike from the Bank of Canada next week is widely expected.

Canadian economic growth lags expectations in Q2; July estimate points to contraction

The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, bringing the quarterly reading below estimates and an early look at July suggests a contraction.

‘Quiet quitting’ an opportunity for employers to help reshape the workplace

Quiet quitting essentially refers to clocking in when you're expected to, doing your assigned tasks, leaving on time and not taking on extra work outside your regular hours.

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