As alcohol consumption declines, a St. Patrick’s Day with fewer raised glasses
The usual sight of green-clad revellers celebrating St. Patrick’s Day is expected across Canada on Sunday — but compared with a decade ago, fewer of
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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.
Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.
Tight-lipped Bank of Canada holds key interest rate at 5%, says it’s too early to cut rates
The central bank announced its interest rate decision Wednesday as economists widely expected no change in the policy rate.
Business insolvencies leap higher in January from a year earlier, led by bankruptcies
Business insolvencies more than doubled in January compared with a year earlier as they also surpassed pre-pandemic levels for the month.
Canada lags behind peer countries on female representation in management: report
In a new report Tuesday, the Canadian Chamber of Commerce said Canada lags behind nearly half of its OECD peers in its share of female
BoC expected to hold interest rates this week as grey cloud hangs over economy
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the
Canada averts recession with meagre growth in Q4, consumers and businesses pinched
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
Loblaw spending more than $2B to build more than 40 new stores, renovate hundreds
Loblaw Cos. Ltd. announced Tuesday the record investment plan, which includes the expansion and relocation of 10 stores and renovations at 700 locations across its
‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January
Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.
CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec
CPA Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from
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The Ottawa Hospital Foundation’s Campaign to Create Tomorrow
The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
