Canada & World

The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn't taking any chances in its efforts to get the inflation rate back to two per cent.

A new report recommends Canada's corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented groups.

Bank of Canada Deputy Governor said that given the risks around inflation becoming entrenched, the bank had to continue more forceful rate increases.

After its seventh consecutive increase since March, the central bank signaled it may pause its aggressive rate hike cycle.

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 percentage point next week.

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.

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 residents.

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.

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 the economy more broadly.

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 interest rates than it was 10 years ago.