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.
Frequent price increases by businesses contributing to sticky inflation: BoC official
Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.
Statistics Canada reports real GDP essentially unchanged in July
Statistics Canada said Friday real GDP was essentially unchanged for the first month of the third quarter, following a 0.2 per cent decline in June.
Economy will be ‘back on its feet’ next year, Deloitte Canada says
The struggles facing the economy will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new
Canadian pot companies cheer as Senate committee advances cannabis finance reforms
Canadian cannabis companies are cheering a Senate committee’s decision today to push forward with easing federal financing restrictions on the U.S. industry.
BoC watching its words to avoid spurring interest rate cut speculation, summary reveals
The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any
Swings in inflation not ‘unusual,’ but underlying price pressures still high: BoC
Bank of Canada deputy governor Sharon Kozicki says swings in the inflation rate are to be expected in a speech coming after the latest consumer
Canada’s inflation rate jumps to 4%, making the BoC’s next rate decision harder
gher gasoline prices drove Canada’s inflation rate to 4.0 per cent in August, making it the second month in a row inflation has risen.
Employers must use caution amid workplace power dynamics, experts say
Following the resignation of NHL coach Mike Babcock, experts say it’s important for senior-level employers to remember that positional power is a real thing.
Inflation likely gained pace in August, economists expect, reversing progress
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
Eastern Ontario communities affected as Metroland ends print editions of community papers
Metroland Media Group will end print editions of its community newspapers as it seeks protection under the Bankruptcy and Insolvency Act.
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