Canada’s annual inflation rate fell slightly to 6.8% in November
Grocery prices climbed at a faster annual rate in November. The federal agency said prices rose 11.4 per cent annually, up from 11 per cent
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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.
Retail spending in Canada shows signs of slowdown amid higher inflation, interest
Retail spending in Canada showed early signs of a slowdown just as the holiday shopping season ramped up this fall, according to new figures.
Manufacturing, importing straws and other single use plastics now banned
As of today, companies can no longer produce or bring into Canada plastic checkout bags, cutlery, stir sticks, straws and takeout containers.
Non alcoholic beer, wine and spirits on the rise as demand grows
With the holiday season in full swing and “Dry January” around the corner, Canadians might find more non-alcoholic options on menus and store shelves.
Tech job postings down 32% since May, nearing pre pandemic levels: Indeed
Job search company Indeed says postings on its site for Canadian tech roles have dropped 32 per cent since May and are showing no signs
New poll finds Canadians not using all vacation, working extra hours before holidays
The poll, conducted by Maru Public Opinion for ADP Canada, found 29 per cent of respondents say they’ll take all their vacation time in 2022.
Bank of Canada governor says rate hikes are working but it needs to stay the course
The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn’t taking any chances in its efforts to
Boards should strive for 40% women, 30% diverse directors: report
A new report recommends Canada’s corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented groups.
BoC shifting from how much to raise rates to whether to raise them: Deputy
Bank of Canada Deputy Governor said that given the risks around inflation becoming entrenched, the bank had to continue more forceful rate increases.
Bank of Canada hikes key rate by half percentage point, signals possible pause
After its seventh consecutive increase since March, the central bank signaled it may pause its aggressive rate hike cycle.
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