RBC economists say recession could arrive as early as Q1 of next year
In a new report, the economists say the downturn won’t hit households and businesses equally.
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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.
Hybrid work nudges engineering firm in a greener, more efficient direction
One of Ottawa’s largest engineering firms is re-engineering its approach to in-person work in response to the challenges of the past two years.
Travel industry braces for busy winter season as Canadian travellers ready for sun
Expert say that demand could spike further if remaining COVID-19 restrictions such as vaccine mandates are lifted, encouraging travellers who were previously hesitant to fly
Canadian economy grew slightly in July, Statistics Canada says
Statistics Canada said Thursday that the economy grew by 0.1 per cent in July, outperforming its preliminary estimate that pointed to a contraction of 0.1
Labour shortage, pandemic savings to soften blow of short-lived recession: report
Tight job market means unemployment might not rise as much as it typically would during a recession, Deloitte says in its latest Canadian economic outlook.
Office safety concerns grow as border restrictions ease, possible COVID-19 wave looms
Worker shortages mean many employees have additional leverage to push their bosses to accommodate their desire to keep working remotely, Ottawa lawyer says.
Ontario government investing $90 million in skilled trades programs
The province says the funding opens on Thursday to anyone who is unemployed or underemployed.
July travel on an upward trend, but is still a fraction of pre-pandemic levels
The agency says the number of trips by U.S. residents in July was 2.2 million, 11 times the number of trips taken in July 2021
Canadian employers sought to fill nearly one million jobs in Q2
Statistics Canada says employers were actively seeking to fill 997,000 jobs in the second quarter, the highest quarterly number on record.
Canada’s inflation rate cools in August but grocery prices continue to climb
In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8
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