BoC expected to end year off with one more rate increase, likely to pause hikes soon
Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a
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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.
Cdn. tech sector participation and pay gaps persist and in some cases, worsen: report
A new report shows women, people of colour and immigrants in Canada’s tech sector saw employment and pay inequities persist between 2001 and 2016.
Pandemic, slower U.S. migration see Canada closing gap with U.S. in workforce race
Since the global onset of COVID-19, Canada has been closing the gap with the United States when it comes to attracting and keeping new permanent
New census data shows how commuting dropped during pandemic, labour force aging
There were 2.8 million fewer commuters in 2021 than in 2016 as the pandemic drove a shift toward remote work, according to Statistics Canada.
Economists see underlying signs of weakening in third quarter GDP numbers
Although the headline growth rate is significantly stronger than forecasters had anticipated, the fall in consumer spending suggest higher interest rates are beginning to affect
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Speaking at a conference hosted by Western University’s Ivey Business School in Ottawa on Thursday, the former governor warned today’s economy is more sensitive to
Inflation relief measures should be well targeted and temporary, says Macklem
The federal government along with provincial governments have responded to high inflation with measures aimed at softening the blow on Canadians’ finances.
Canada falling behind as electric vehicle sales pick up around the world
Electric-vehicle sales in Canada grew by more than one third in the first half of this year but they are not keeping pace with the
Canada’s annual inflation rate was unchanged in October
Canada’s annual inflation rate held steady at 6.9 per cent last month.
Canadians, economists alike saw little relief from inflation in October: forecasters
Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last
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