Canada’s inflation rate jumps to 4%, making the BoC’s next rate decision harder
gher gasoline prices drove Canada’s inflation rate to 4.0 per cent in August, making it the second month in a row inflation has risen.
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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.
Employers must use caution amid workplace power dynamics, experts say
Following the resignation of NHL coach Mike Babcock, experts say it’s important for senior-level employers to remember that positional power is a real thing.
Inflation likely gained pace in August, economists expect, reversing progress
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
Eastern Ontario communities affected as Metroland ends print editions of community papers
Metroland Media Group will end print editions of its community newspapers as it seeks protection under the Bankruptcy and Insolvency Act.
Extension of CEBA repayment deadline gets mixed reviews from business groups
Business groups gave a mixed reaction to PM Justin Trudeau’s announcement Thursday that the initial repayment deadline for CEBA loans will be extended to Jan.
Consumers still hungry for leisure travel, despite inflation, rate hikes: Transat CEO
Canadians are still gung-ho for travel to sun-splashed resorts and European getaways, in spite of higher inflation and interest rates, says Transat AT CEO.
Federal government will remove GST on new rental housing builds, senior source says
PM Justin Trudeau will announce Thursday the removal of the GST on construction of new rental apartment buildings, according to a senior government source.
Housing gap steady as lower incomes expected to offset construction slowdown: CMHC
Canada will be short about 3.5 million homes by the end of the decade compared with what’s needed to restore affordability, per CMHC.
Airline competition ramps up, setting stage for showdown and reducing (some) fares
Though Canadian flights have long been dominated by Air Canada and WestJet, the emergence of newer carriers including Flair Airlines and Lynx Air has shaken
Via Rail ramps up service, returning it to pre-pandemic levels
The ramp-up comes three-and-a-half years after the pandemic brought some operations to a screeching halt, when Via Rail suspended its cross-Canada routes and temporarily laid
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