Annual inflation rate edged up in April, raises chances of higher interest rates
Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
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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.
Inflation likely slowed again in April, but economists say wage growth a top concern
Canadians’ wages are finally growing faster than prices as inflation continues to ease, but that isn’t necessarily good news for economists.
CFIB wants CEBA loan repayment deadline extended as businesses struggle
The Canadian Federation of Independent Business says in a survey of its members, 78 per cent of them reported that getting extra time to repay
BoC might have to rethink rate pause as unemployment remains very low: economists
Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.
Small business owners balance rising costs with keeping customers happy: survey
Almost a third of Canadian small business owners raised prices by more than 10 per cent in 2022 to offset rising costs, a survey found
Wage increases secured by striking workers shouldn’t be seen as ‘fat cat’: experts
Labour experts say the wage increases the country’s largest federal public-sector union secured Monday are far from the hefty gains some might perceive them to
Strike over for 120,000 public servants as union inks tentative deal with feds
The majority of Public Service Alliance of Canada workers who had hit the picket lines since April 19 were expected to sign in for duty
After economy posts strong start to 2023, new data suggests slowdown has begun
The Canadian economy’s strong bounce back at the start of the year appears to have been short-lived, as new data suggests growth is on a
Small business owners working eight-day-week equivalent due to staff shortages: CFIB
A new study by the Canadian Federation of Independent Business says the average small business owner is working the equivalent of an eight-day workweek due
Both union, government warn of major service disruptions as a result of strike
Canada’s largest federal public-service union and Ottawa are both warning of likely service disruptions as nearly one-third of all federal workers remain on strike for
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