Canada & World

Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon

The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada.

Tim Hortons reveals which three doughnuts will join Dutchie in returning to menu

Canadians who have missed being able to buy blueberry fritters, cinnamon sugar twists and walnut crunch doughnuts at Tim Hortons are in luck.

E-scooter provider Bird Canada unaffected as U.S. operations file for bankruptcy: COO

Electric scooter rental company Bird Global has filed for bankruptcy in the U.S. but its operations in Canada will be unaffected, according its COO. 

Odds of another rate hike have fallen, BoC governing council agreed as it held rate

The odds of another rate hike have decreased, the Bank of Canada's governing council agreed during discussions ahead of its most recent interest rate decision.

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Canada's annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled.

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 for lower inflation.

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 had received a CEBA loan.

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...

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 executive.

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 had 40,275 restaurants at the start of this year.

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