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.

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.

Canada falling behind as electric vehicle sales pick up around the world

Electric-vehicle sales in Canada grew by more than one third in the first half of this year but they are not keeping pace with the rest of the world.

Canada’s annual inflation rate was unchanged in October

Canada’s annual inflation rate held steady at 6.9 per cent last month.

Canadians, economists alike saw little relief from inflation in October: forecasters

Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last month.

Employers concerned about worker burnout, retention amid tight job market: survey

A new survey says Canadian employers are concerned about employee burnout and high turnover amid the ongoing labour shortage.

Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

Canada's low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor...

Seasonal job postings soar, but employers may struggle to fill them, Indeed says

Indeed's holiday hiring trends report released Wednesday said that seasonal postings for this winter are up 28 per cent compared with last year, and up 40 per cent from 2019 levels.

Venture debt in the spotlight amid tech downturn, falling valuations

Venture debt is handy for extending a company's runway, making it popular as businesses navigate a downturn that has triggered mass layoffs, spending cuts and falling valuations across the sector.