BoC expected to hold key interest rate steady at 5% amid ‘sluggish’ economy
The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates
Skip to content
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.
Premiers ask feds for COVID-19 small business loan extension
Canada’s premiers have sent a joint letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for
Slowdown in inflation supports interest rate pause next week, economists say
Statistics Canada says the annual inflation rate slowed to 3.8 per cent in September as prices year-over-year rose more slowly across the economy.
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
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.
Get our email newsletters
Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.
The Latest
Video
OBJ360
Sponsored
Sponsored
The Ottawa Hospital Foundation’s Campaign to Create Tomorrow
The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
