Canada & World

Statistics Canada says November saw the lowest number of employment insurance beneficiaries on record in 25 years.

Members of Canada's tech industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.

"Really our mission statement is to help women get to do the work that they want, at the pay that they deserve," Toast's chief executive said.

Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.

In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a year ago.

The central bank released its fourth-quarter business outlook and consumer expectation surveys Monday, giving some insight into how high inflation and interest rates are affecting Canadian consumers and businesses.

Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks.

The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.

The tight labour market, combined with a changing workforce and stubborn inflation, might make this recession different from those that preceded it.