Slowing inflation not enough to prevent September interest rate hike, economists say
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed.
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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.
OCS capping pot shop orders and changing delivery window after partner’s cyberattack
Ontario’s cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused
Pandemic benefits were too generous with businesses, stringent with workers: experts
Business supports were excessive and show the outsized influence of business groups on public policy, economists say.
Canadian economy avoids contraction in May, economists expect continued slowdown
The Canadian economy stayed flat in May, with real gross domestic product showing neither growth nor contraction after a 0.3 per cent expansion in April.
Public service unions say federal government’s guidance on hybrid work flawed
Federal public service unions say the government’s plan to get employees back to the office is confusing, disjointed and jeopardizing health and safety.
History taught the Bank of Canada what happens when it doesn’t control high inflation
TD chief economist Beata Caranci said inflation today might feel especially challenging because Canadians have been shielded from inflation volatility for decades.
Inflation may have peaked in June as gas prices soared: economists
The increase in the consumer price index for the month was largely due to gasoline prices, which shot up by more than 50 per cent
Economists predict inflation climbed even higher in June amid ‘reopening effect’
Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.
‘Tough’ 6-12 months ahead for Canadians amid inflation, rate hikes: expert
As Canadians face a double whammy of skyrocketing inflation and the largest interest rate hike seen in 24 years, one expert is warning that prices
Bank of Canada targets inflation expectations with full percentage point rate hike
The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since
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