Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way
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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.
Most businesses surveyed on track to repay CEBA loans, chamber says
The Canadian Chamber of Commerce said Wednesday that nearly half of the 16,000 small businesses it heard from in its fourth-quarter survey on business conditions
All grocers need to sign code of conduct for it to be successful, Metro CEO tells MPs
All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president
Retailers facing pricing pressure may have to pass increases to shoppers: Dollarama
“Retailers are doing their best not to push those costs on to the consumers, but retailers can only absorb so much,” said Dollarama Inc.’s chief
McDonald’s burger empire set for unprecedented growth over the next 4 years with 10,000 new stores
At an investor update Wednesday, the Chicago burger giant said it aims to have 50,000 restaurants in operation worldwide by the end of 2027. McDonald’s
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping
Weak economy looms over holiday shopping season as consumers seek value: retailers
Among the usual trappings are new factors that could shake up holiday shopping, the busiest season of the year: inflation, and the high interest rates
Region’s unemployment rate falls to 4.6% in November as labour force shrinks
Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s
Canadian economy shrank 1.1 per cent in Q3 on annualized basis, StatCan says
The Canadian economy shrank in the third quarter amid weak business and consumer spending as well as lower exports.
Labour shortages cost small businesses $38 billion in lost sales last year: CFIB
Small businesses lost more than $38 billion in revenue opportunities last year because of labour shortages, according to estimates from the Canadian Federation of Independent
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