Wave of tech layoffs tips power back in favour of employers in sector
Members of Canada’s tech industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.
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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.
BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.
Women’s tech collective Toast launches with aim to diversify hiring, reduce wage gaps
“Really our mission statement is to help women get to do the work that they want, at the pay that they deserve,” Toast’s chief executive
Lightspeed joins Shopify and others in a round of cost-cutting layoffs
Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.
Canada’s annual inflation rate slowed in December but grocery prices stayed high
In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a
More businesses expect sales to slip as high inflation, rates weigh on spending: BoC
The central bank released its fourth-quarter business outlook and consumer expectation surveys Monday, giving some insight into how high inflation and interest rates are affecting
Resilient economy may muddle inflation fight, recession still expected: economists
Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks.
Canada will see weakest level of home sales since 2001 this year: TD report
The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.
Tight labour market means rise in gig work unlikely during recession: economists
The tight labour market, combined with a changing workforce and stubborn inflation, might make this recession different from those that preceded it.
Ottawa-Gatineau’s unemployment rate holds steady at 4.5% in December: Statistics Canada
The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday.
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