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Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag
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.
Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag
Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte
Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.
Statistics Canada reports real GDP up 0.6 per cent in January as Quebec strikes end
Statistics Canada says real GDP grew 0.6 per cent in January, helped by the end of public sector strikes in Quebec in November and December.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline
CFIB president Dan Kelly says many businesses that had to borrow to repay their CEBA loans are facing high interest rates and will be challenged
Need to improve Canadian productivity has reached emergency level, BoC official says
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation
BoC expects to cut interest rates this year, governing council split on timing: deliberations
The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing.
‘Unambiguously good’: Inflation slows in February as price growth unexpectedly eases
Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery
Economists expect inflation rate ticked up above 3% last month amid higher gas prices
Economists say inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to two per cent inflation
As alcohol consumption declines, a St. Patrick’s Day with fewer raised glasses
The usual sight of green-clad revellers celebrating St. Patrick’s Day is expected across Canada on Sunday — but compared with a decade ago, fewer of
Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.
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