Finance minister says government’s fiscal update coming Dec. 16
Finance Minister Chrystia Freeland will publish the government’s fall economic statement on Dec. 16, just before members of Parliament are expected to head home for
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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.
BoC expected to lower interest rates again, with odds leaning toward larger cut
Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week. Statistics Canada’s latest job report tilted expectations in favour of
Lower immigration will slow economic growth, but won’t cause recession: report
A new report suggests the federal government’s rapidly reduced immigration targets will significantly slow economic growth, but not enough to trigger a recession. The Conference
Purolator, UPS pause shipments from couriers amid backlog
Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada
Cyber Monday delivering sales but some are expecting them to be down from last year
Canadians have flocked to malls and online stores for Black Friday, Cyber Monday and their surrounding sales period, but at least one tech firm found
Shopify data show Black Friday shopping fuelling sales across Canadian retailers
Canadian shoppers have been visiting malls and logging onto retailer websites as Black Friday sweeps through the country. Shopify Inc., an Ottawa-based company whose e-commerce
GDP per capita falls for sixth straight quarter, economists split on rate cut size
The Canadian economy shrank on a per-person basis for a sixth consecutive quarter, extending an all-too-familiar trend of high interest rates stifling business investment and
HOOPP poll says inflation and employee burnout top employer concerns
A new report says inflation and employee burnout are topping concerns for Canadian businesses for this year and next. The survey released by the Healthcare
Implementing GST break for two months proving to be a ‘nightmare’ for businesses
Canadian businesses are about two weeks away from having to scrap some of the tax they charge customers, but many have already realized that’s no
Fewer people intend to buy an EV amid price, driving range concerns: EY report
A new survey finds fewer drivers intend to make their next car purchase an electric vehicle. EY’s Mobility Consumer Index report shows overall intentions among
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