Canadian economy contracts 1.6% in Q2 as tariffs hit, StatCan says
The Canadian economy contracted in the second quarter under the weight of U.S. tariffs, Statistics Canada said Friday. Real gross domestic product declined 1.6 per
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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.
Small businesses brace for higher costs as U.S. ends shipping-fee exemption
As the latest change to the Canada-U.S. trade relationship is about to take effect, Melissa Caracas Le-Fort is facing a deadline of her own. After
Businesses put at risk when employees use unauthorized AI tools at work
An artificial intelligence chatbot could help quickly clean up your presentation moments before an important board meeting. But those quick AI fixes can become a
Economists split on BoC’s next rate move after July inflation data
Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need a bit more convincing to cut
Landlords say Ruby Liu’s plan for Bay properties ‘defies commercial common sense’
Several of Canada’s most prominent real estate companies are slamming an attempt from a B.C. billionaire to take over 25 former Hudson’s Bay leases, saying
Canada’s economy contracts in May, but there were signs of a June rebound
The Canadian economy contracted again in May, Statistics Canada said Thursday, but signs of a rebound in June could see growth hold flat for the
Bank of Canada holds key rate at 2.75% as economy shows resilience to tariffs
Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but the spectre
CFIB sees recession in Canada as business confidence remains ‘persistently low’
The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB, released Thursday, shows it’s forecasting that
TD Bank joins its peers in moving to require four days in office
TD Bank Group says it is moving to require employees be in the office four days a week, adding to the number of banks doing
Business confidence subdued amid tariffs but ‘worst-case’ less likely: BoC survey
A pair of reports from the Bank of Canada say tariff-related uncertainty continued to put a damper on business and consumer sentiment in the second
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