BoC watching its words to avoid spurring interest rate cut speculation, summary reveals
The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any
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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.
Swings in inflation not ‘unusual,’ but underlying price pressures still high: BoC
Bank of Canada deputy governor Sharon Kozicki says swings in the inflation rate are to be expected in a speech coming after the latest consumer
Canada’s inflation rate jumps to 4%, making the BoC’s next rate decision harder
gher gasoline prices drove Canada’s inflation rate to 4.0 per cent in August, making it the second month in a row inflation has risen.
Employers must use caution amid workplace power dynamics, experts say
Following the resignation of NHL coach Mike Babcock, experts say it’s important for senior-level employers to remember that positional power is a real thing.
Inflation likely gained pace in August, economists expect, reversing progress
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
Eastern Ontario communities affected as Metroland ends print editions of community papers
Metroland Media Group will end print editions of its community newspapers as it seeks protection under the Bankruptcy and Insolvency Act.
Extension of CEBA repayment deadline gets mixed reviews from business groups
Business groups gave a mixed reaction to PM Justin Trudeau’s announcement Thursday that the initial repayment deadline for CEBA loans will be extended to Jan.
Consumers still hungry for leisure travel, despite inflation, rate hikes: Transat CEO
Canadians are still gung-ho for travel to sun-splashed resorts and European getaways, in spite of higher inflation and interest rates, says Transat AT CEO.
Federal government will remove GST on new rental housing builds, senior source says
PM Justin Trudeau will announce Thursday the removal of the GST on construction of new rental apartment buildings, according to a senior government source.
Housing gap steady as lower incomes expected to offset construction slowdown: CMHC
Canada will be short about 3.5 million homes by the end of the decade compared with what’s needed to restore affordability, per CMHC.
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