Labour shortages could push up wages, ‘reignite inflation’ in long run, report warns
Wages are growing quickly in Canada, but so far not fast enough to match inflation, the report said.
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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.
Canadian labour market shows no signs of slowing despite high interest rates
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market.
Hot economy, inflation were at crux of BoC’s last rate decision: summary
The Bank of Canada’s governing council ultimately decided to hike its key interest rate last month because of ongoing strength in the economy and inflationary
Canadian business insolvencies up 37.2 per cent in 2022, consumer insolvencies up 11.2 per cent
The number of insolvencies filed by Canadian companies is up — and at least one business organization predicts that figure will keep growing.
Union files complaint against CRA over work-from-home rules
A union representing federal public servants has filed a bad-faith bargaining complaint against the Canada Revenue Agency.
Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem
Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is
Immigration increase alone won’t fix the labour market, experts say
With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of the need, some experts
Canadian economy grew slightly in November, expected to slow further
The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to
New alcohol recommendations could speed up changing drinking habits, businesses say
New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular.
Companies make progress on anti-Black racism, but workers worry about recession: poll
A survey by KPMG says most Black Canadians feel their employers made progress addressing anti-Black racism last year, but they worry about what a recession
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