As federal workers threaten to strike, tonight’s deadline for a deal looms large
The clock is ticking for the government and Canada’s largest federal public-service union to reach an agreement by a deadline of 9 p.m. EDT
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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 inflation rate falls to lowest level since August 2021, hits 4.3% in March
Canada’s annual inflation rate fell to 4.3 per cent in March as higher mortgage interest costs were offset by lower energy prices.
Federal workers to strike Wednesday if union, government don’t reach deal by Tuesday
The country’s largest federal public service union says if a deal isn’t reached with the federal government by 9 p.m. EDT on Tuesday, it will
Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023
The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more
Members of public service union vote in favour of federal strike mandate
Members of the public service’s largest union, which represents more than 120,000 federal workers, have voted in favour of a strike mandate. The Public Service
BoC expected to hold interest rate this week, even as economy keeps some steam
The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the
BoC surveys show businesses, consumers gear up for slowdown as economy softens
Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they’re also adjusting
Tourism shot up in 2022, but still far short of pre-pandemic levels: StatCan
Spending on tourism continued to grow last year as travellers returned to planes and patios, but it remained well below pre-pandemic levels, according to Statistics
$491B federal budget invests heavily in green economic transformation
The 2023 federal budget promises “transformative investments” in Canada’s green economy as the country tries to maintain its place in the global clean tech revolution
Canada heading into ‘mild recession’ as tight monetary policy squeezes growth: Report
New research says Canada is heading into a mild recession as elevated borrowing costs, a downturn in the U.S. and persistent inflation dial up the
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