As the BoC takes a pause from hiking rates, all eyes are on the labour market
On Wednesday, the central bank raised its key interest rate for the eighth consecutive time and said it was taking a conditional pause, keeping the
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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.
Bank of Canada hikes key interest rate by quarter point, says it plans to hold
The rate increase marks the eighth consecutive hike since March as the central bank fights off decades-high inflation.
Companies’ diversity commitments at risk amid possible recession: study
A new report says that pledges made by companies to support diversity are at risk as the corporate sector prepares for a possible recession.
Discount grocers to outperform conventional stores as food prices surge: Report
Discount grocery stores are expected to outshine their conventional counterparts in 2023 as shoppers seek out cheaper food to cope with staggering price increases, a
Subcontracting ArriveCan development ‘seems highly illogical and inefficient:’ PM
The federal government paid millions of dollars over two years to GCstrategies, a two-person firm in Ottawa, for work related to the ArriveCan app.
Missing your favourite lunch spot? How food courts are emerging from the pandemic
As workers in Toronto’s Financial District scurry through the Brookfield Place food court on their lunch breaks, the darkened Starbucks at the space’s far end
Statistics Canada says November saw lowest number of people on EI in 25 years
Statistics Canada says November saw the lowest number of employment insurance beneficiaries on record in 25 years.
Wave of tech layoffs tips power back in favour of employers in sector
Members of Canada’s tech industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.
BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.
Women’s tech collective Toast launches with aim to diversify hiring, reduce wage gaps
“Really our mission statement is to help women get to do the work that they want, at the pay that they deserve,” Toast’s chief executive
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