Lightspeed joins Shopify and others in a round of cost-cutting layoffs
Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.
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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.
Canada’s annual inflation rate slowed in December but grocery prices stayed high
In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a
More businesses expect sales to slip as high inflation, rates weigh on spending: BoC
The central bank released its fourth-quarter business outlook and consumer expectation surveys Monday, giving some insight into how high inflation and interest rates are affecting
Resilient economy may muddle inflation fight, recession still expected: economists
Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks.
Canada will see weakest level of home sales since 2001 this year: TD report
The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.
Tight labour market means rise in gig work unlikely during recession: economists
The tight labour market, combined with a changing workforce and stubborn inflation, might make this recession different from those that preceded it.
Ottawa-Gatineau’s unemployment rate holds steady at 4.5% in December: Statistics Canada
The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday.
Flexible workplaces with work life balance ‘win win’ for workers, employers: study
A new study on work-life balance says flexible schedules and shorter work weeks can lead to more productive, healthy and loyal workers.
Half of Canadian workers to seek new job in 2023 in hunt for better pay, perks: Poll
That number has risen steadily over the last year and a half, from about 21 per cent of employees on the hunt for a new
Small business outlook for year improves slightly, still shows recession fears: CFIB
Small business owners have a slightly better outlook on the year ahead than a month ago but their short-term outlook has worsened
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