Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks
The Bank of Canada held its key interest rate at five per cent today and signalled it has begun discussing when it should start cutting
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Firehouse Subs offers cash to first responders, vets to open restaurant locations
Firehouse Subs will offer $100,000 to current or former first responders or veterans who agree to open a restaurant.
Pret A Manger latest to join competitive quick-serve food industry in Canada
U.K. café chain Pret A Manger debuted its first stand-alone restaurant in Canada on Tuesday.
All eyes on the BoC this week for any hints on when it plans to cut interest rates
As the Bank of Canada gears up to announce its next interest rate decision Wednesday, economists will be on the lookout for any clues on
Tech industry expecting more layoffs, but companies say hiring coming too this year
Tech’s biggest names spent last year in layoff mode and if the last few weeks are any indication, that pattern is continuing into this year.
Duelling U.S. sandwich brands Jimmy John’s and Jersey Mike’s to expand in Canada
Inspire Brands announced Wednesday that its Jimmy John’s banner would make its first foray outside the U.S. this year with a restaurant in the Greater
Canada’s annual inflation rate accelerates to 3.4% in Dec, complicating path for BoC
Canada’s annual inflation rate rose to 3.4 per cent in December, largely reflecting a sharper decline in gasoline prices a year ago compared to last
Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution
December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national
Economists expect December inflation ticked up, trend still points to slowdown
Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price
Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon
The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a
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