Rate cut timing ‘difficult to foresee’ amid inflation pressures: BoC deliberations
The Bank of Canada isn’t sure when it will be able to start cutting interest rates as it continues to contend with inflation that’s still
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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.
Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says
Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as
Black Canadians report high levels of racism despite workplace improvements
Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in
Business, consumer insolvencies rise in December as higher rates bite
Business insolvencies rose 57.2 per cent in December compared with a year earlier, according to the Office of the Superintendent of Bankruptcy.
Economic bounceback at the end of 2023 could push back rate cuts, economists say
Canada’s economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts
Bad Boy Furniture Warehouse fails to file proposal, is deemed bankrupt
Toronto-area furniture retailer Bad Boy Furniture Warehouse Ltd. is officially bankrupt.
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
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
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