BoC mindful of not overdoing interest rate hikes, summary of deliberations reveals
The Bank of Canada says it’s trying to not raise interest rates more than it has to, as members of the governing council are mindful
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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.
Canadian Chamber of Commerce joins calls for extension of CEBA repayment deadline
The Canadian Chamber of Commerce and a coalition of industry associations have joined calls to extend the deadline for small businesses to repay pandemic loans
Canadian movie theatres brace for film release slowdown as Hollywood strikes continue
Canadian movie theatre owners say they’re nervously watching for developments in dual Hollywood strikes and plan to show more classics, cult favourites and live events
Canada’s inflation rate tumbles to 2.8% in June even as grocery prices remain high
Statistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range for the first
BoC raises key interest rate to 5%, expects slower return to inflation target
The Bank of Canada raised its key interest rate by a quarter of a percentage point this morning, bringing it to 5 per cent.
As pandemic business loan repayment deadline looms, calls for extending deadline grow
New Democrats and a business group are calling on the federal government to extend the deadline for small businesses to repay loans they received from
Bank of Canada expected to raise rates next week, despite rise in unemployment rate
The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain
Businesses expect more, but slowing price, wage increases: Bank of Canada survey
Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the
Canadian economy holds steady in April as real GDP remains unchanged, StatCan reports
Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.
Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike
Statistics Canada says the country’s inflation rate fell to 3.4 per cent in May — the lowest it’s been since June 2021.
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