Bank of Canada holds key rate for first time in a year, leaves door open to hikes
The central bank said Wednesday that it has decided to hold its key rate at 4.5 per cent based on its assessment of recent economic
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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.
Women powered pandemic shift toward higher-paying jobs, but pay gap persists: RBC
Women have powered a recent shift toward higher-paying and -skilled jobs, but a pay gap will persist until they cease being outnumbered by men in
New concept retailer Team Town Sports will consider vacant Nordstrom locations, exec says
Canadian retailer Sporting Life Group is launching a new chain of big box stores that will cater to players of team sports of all ages
Mall landlords likely to get ‘creative’ to fill Nordstrom vacancies: experts
Nordstrom’s departure from Canada’s retail landscape will leave significant holes in shopping malls, and some analysts say landlords will need to get creative to fill
BoC expected to hold interest rate next week, one year after aggressive cycle began
One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding
Insolvency filings in Canada in January up 33.7% compared with a year earlier
The federal regulators said there were 9,066 total insolvencies filed in the first month of the year, up 33.7 per cent from 6,779 in January
UPDATED: Economy posted no growth in the fourth quarter, but consumer spending is holding on
On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth.
Industry minister announces $250 million to train workers for emerging sectors
The program will help 15,000 mid-career workers to transition into new positions in sectors including clean tech, cybersecurity and bio manufacturing, he said.
Canada’s inflation rate is expected to fall significantly this year. Here’s why
Inflation, which first began creeping higher in 2021, took off dramatically last year and peaked at 8.1 per cent in the summer.
Canada’s annual inflation rate slowed in January but grocery prices remain high
In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year
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