The Canadian Press

Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing, CMHC says.

The Bank of Canada said in a study Monday that the closure of many downtown services coupled with a desire for more living space increased demand for homes in suburban areas.

At a new, semi-annual showcase called Shopify Editions on Wednesday, the Ottawa e-commerce giant laid out more than 100 product updates made over the last six months, including several that launch this week.

The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase in April this year.

The research released today indicates that experience and education – once crucial to many positions – are becoming less important amid labour shortages.

The combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year, experts say.

The federal government is banning companies from importing or making plastic bags and takeout containers by the end of this year, from selling them by the end of next year and from exporting them by the end of 2025.

Governments have been loosening COVID-19 restrictions, with Ottawa allowing airline and railway workers as well as passengers to climb on board without being jabbed starting Monday.

Firm says Shopify's plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.

The U.S. bank authority announced the Wednesday move will shift the country's benchmark rate to a range between 1.5 per cent and 1.75 per cent as it tries to tame soaring inflation.