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.
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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.
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
High gas prices may have curbed downward inflation trend in January: economists
Economists have been encouraged by recent month-to-month trends, which have shown prices have been rising at a slower pace.
Perk or necessity? Hybrid work expectations differ between employers, employees
How to strike a balance between office life and remote work remains an enduring challenge for businesses nearly three years after lockdowns upended how many
Macklem says economy still overheated and jobs market is too tight
Statistics Canada’s most recent labour force survey revealed the economy added 150,000 jobs last month as the unemployment rate hovers around record-lows.
What tech layoffs, temporary foreign workers and boomers mean for the labour force
Neither layoffs hitting tech companies nor a shortage of workers seem to be weighing heavily on the country’s jobs numbers.
Tory revelation a reminder of need for workplace relationship policies: experts
As John Tory steps down after admitting to an “inappropriate relationship” with a former staffer, experts say preparation is key to protecting workplaces from the
Labour shortages could push up wages, ‘reignite inflation’ in long run, report warns
Wages are growing quickly in Canada, but so far not fast enough to match inflation, the report said.
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