Boards should strive for 40% women, 30% diverse directors: report
A new report recommends Canada’s corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented groups.
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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 shifting from how much to raise rates to whether to raise them: Deputy
Bank of Canada Deputy Governor said that given the risks around inflation becoming entrenched, the bank had to continue more forceful rate increases.
Bank of Canada hikes key rate by half percentage point, signals possible pause
After its seventh consecutive increase since March, the central bank signaled it may pause its aggressive rate hike cycle.
BoC expected to end year off with one more rate increase, likely to pause hikes soon
Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a
Cdn. tech sector participation and pay gaps persist and in some cases, worsen: report
A new report shows women, people of colour and immigrants in Canada’s tech sector saw employment and pay inequities persist between 2001 and 2016.
Pandemic, slower U.S. migration see Canada closing gap with U.S. in workforce race
Since the global onset of COVID-19, Canada has been closing the gap with the United States when it comes to attracting and keeping new permanent
New census data shows how commuting dropped during pandemic, labour force aging
There were 2.8 million fewer commuters in 2021 than in 2016 as the pandemic drove a shift toward remote work, according to Statistics Canada.
Economists see underlying signs of weakening in third quarter GDP numbers
Although the headline growth rate is significantly stronger than forecasters had anticipated, the fall in consumer spending suggest higher interest rates are beginning to affect
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Speaking at a conference hosted by Western University’s Ivey Business School in Ottawa on Thursday, the former governor warned today’s economy is more sensitive to
Inflation relief measures should be well targeted and temporary, says Macklem
The federal government along with provincial governments have responded to high inflation with measures aimed at softening the blow on Canadians’ finances.
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