Fed begins inflation fight with key rate hike
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling
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Statistics Canada says wholesale sales rose 4.2 per cent in January
Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal
Average Ottawa home price up 16% from February 2021 to more than $730K, industry group says
The average price in the nation’s capital last month was $730,300, according to the Canadian Real Estate Association, up from $630,000 in February 2021.
Statistics Canada says higher prices helped manufacturing sales edge up in January
Statistics Canada says manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal
ESG investors taking closer look at portfolios amid war in Ukraine
The war in Ukraine is forcing investors, especially those who prioritize environmental, social and governance (ESG) factors, to take a closer look at the stocks
Ontario to lift most mask mandates March 21, remaining public health orders April 27
Ontario is removing most mask mandates on March 21, including in schools, and is ending all remaining public health orders a month later, shifting the
Supply chain woes slashing Canadian manufacturing, hurting small businesses
A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.
Statistics Canada says country posted merchandise trade surplus for January
Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in
Higher interest rates could dim valuations for VC backed startups in Canada: experts
Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away. On Wednesday,
Macklem says Bank of Canada needs to raise rates to moor inflation expectations
Top central banker says raising bank’s benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the
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