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.
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
Canopy Growth names Luc Mongeau as the cannabis company’s next CEO
Canopy Growth Corp. has named Luc Mongeau as the cannabis company’s next chief executive officer. The company says Mongeau, who is already a member of
Retail industry praises GST holiday but says it may be ‘laborious’ for some
A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean
Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut
Canada’s inflation rate climbed back up to two per cent in October, shifting expectations slightly in favour of a quarter-percentage point interest rate cut next
Canada Post workers go on strike Friday morning, disrupting deliveries
Canada Post workers hit the picket lines Friday after contract negotiations with their employer failed to conclude by the strike deadline — and Ottawa is
Trump’s victory sparks concerns over ripple effect on Canadian economy
As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what
Inflation is down, wages are up. Why are Canadians still frustrated with the economy?
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation’s economy is actually doing
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