Business gloom deepens as sales moderate, Bank of Canada survey finds
The Bank of Canada says its business outlook survey indicator fell in the third quarter as companies expect sales growth to slow over the coming
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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.
Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO
The PBO says higher interest rates will lead the economy to stagnate in the second half of the year, while the federal deficit rises significantly
Macklem says BoC will have to decide whether to be patient or to raise rates further
Bank of Canada Governor Tiff Macklem says the central bank will be deciding whether to exert patience at its next rate meeting or hike rates
‘Pawns in this chess game’: Questions remain about CPA Canada split
The two departing organizations say the unification of the accounting profession will not be undone, and that they’re doing what’s best for their members, but
Competition intensity has decreased over last two decades, Competition Bureau finds
Competition Bureau commissioner Matthew Boswell says new research from the bureau finds the competition intensity in the country has decreased over the last two decades.
Self-employment pulls back as younger Canadians shy away from entrepreneurship: RBC
Younger Canadians don’t want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.
Frequent price increases by businesses contributing to sticky inflation: BoC official
Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.
Statistics Canada reports real GDP essentially unchanged in July
Statistics Canada said Friday real GDP was essentially unchanged for the first month of the third quarter, following a 0.2 per cent decline in June.
Economy will be ‘back on its feet’ next year, Deloitte Canada says
The struggles facing the economy will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new
Canadian pot companies cheer as Senate committee advances cannabis finance reforms
Canadian cannabis companies are cheering a Senate committee’s decision today to push forward with easing federal financing restrictions on the U.S. industry.
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