Canada & World

Women have powered a recent shift toward higher-paying and -skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, says a new report.

Canadian retailer Sporting Life Group is launching a new chain of big box stores that will cater to players of team sports of all ages and genders.

Nordstrom's departure from Canada's retail landscape will leave significant holes in shopping malls, and some analysts say landlords will need to get creative to fill the space.

One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement.

The federal regulators said there were 9,066 total insolvencies filed in the first month of the year, up 33.7 per cent from 6,779 in January 2022.

On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth.

The program will help 15,000 mid-career workers to transition into new positions in sectors including clean tech, cybersecurity and bio manufacturing, he said.

Inflation, which first began creeping higher in 2021, took off dramatically last year and peaked at 8.1 per cent in the summer.

In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year effect.

Economists have been encouraged by recent month-to-month trends, which have shown prices have been rising at a slower pace.