Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when
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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 employers willing to hire workers without direct experience, survey says
The research released today indicates that experience and education – once crucial to many positions – are becoming less important amid labour shortages.
More pay boosts possible this year amid tight labour market, inflation: experts
The combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year,
Some single use plastics will be banned over the next 18 months
The federal government is banning companies from importing or making plastic bags and takeout containers by the end of this year, from selling them by
Growing number of companies end mandatory vaccination as COVID-19 restrictions ease
Governments have been loosening COVID-19 restrictions, with Ottawa allowing airline and railway workers as well as passengers to climb on board without being jabbed starting
Bank of Canada likely to mirror 0.75% Fed hike next month: economists
The U.S. bank authority announced the Wednesday move will shift the country’s benchmark rate to a range between 1.5 per cent and 1.75 per cent
Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says
While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel
Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says
While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel
Ottawa Business Growth Survey: Uncertainty and opportunity lie ahead for Ottawa’s business community
Jim McConnery, managing partner at Welch LLP, says that if anything is for certain, it’s that the pre-pandemic status quo is no longer an acceptable
Bank of Canada says economy can handle higher rates despite household debt risks
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can handle the rising interest rates needed
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