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
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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.
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
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 Tiff Macklem said during a speech in downtown
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
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
Bank of Canada raises interest rate by half percentage point, says more hikes to come
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point hike ahead of today’s decision.
Canadian economy lost almost $13B due to manufacturing labour shortage: report
The penalties and loss of sales resulting from these issues totalled $7.2 billion, according to Canadian Manufacturers and Exporters’ (CME).
Bank of Canada expected to raise interest rates on Wednesday as recession fears grow
Wednesday’s announcement would make it the sixth consecutive time the Bank of Canada raises interest rates this year in response to decades-high inflation.
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