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.

Weak GDP report unlikely to sway Bank of Canada to more rate cuts: economists

The Canadian economy was showing more cracks in August, but most economists weighing in on the latest...

Zellers is set for another relaunch. Here’s what the new owners have in store

Zellers is making a comeback — again. The discount retailer that's died and been revived several times since...

Bank of Canada lowers key interest rate but signals cuts may be done

The Bank of Canada is signalling it might be done cutting interest rates in the short term...

Bank of Canada expected to cut key rate despite mixed inflation, jobs data

Most economists expect the Bank of Canada will look past strong jobs data and signs of stubbornness...

Inflation jumps to 2.4% in September thanks to gas, grocery costs

Inflation jumped higher in September, Statistics Canada said Tuesday, thanks largely to annual changes in gas prices...

Local unemployment rate jumps as national rate stays steady

Ottawa-Gatineau's unemployment level rose again in September, after hitting its highest level in four years the month...

Deloitte forecast sees Canada avoiding technical recession this year

A new forecast by Deloitte Canada suggests the country will avoid a technical recession this year as...

Tariff support, focus on investment on business leaders’ federal budget wish lists

Business leaders have a wide-ranging wish list for the upcoming federal budget in the hopes Prime Minister...

Business groups warn of ‘massive’ impact from another Canada Post strike

Business groups expect a "massive" hit to small company's operations after unionized postal workers began a countrywide strike on Thursday evening.

Economic growth in July could give way to stall in August: StatCan

The Canadian economy grew in July but any momentum may have been short lived, Statistics Canada said Friday.
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