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.
‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation
Restaurants across the country are reducing hours and condensing menus as persistent staff shortages and spiking costs threaten to derail the industry’s comeback from crushing
Tourism rebounding across Canada, but won’t hit 2019 levels until 2023: Trade group
World travel expert says businesses can finally breathe a sigh of relief as the sector recovers from two years of border restrictions and nosediving demand.
BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s
Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and
Canadians hold nose at gas prices as they hit the road, skies once again
Even as gas prices hit record highs, Canadians are fanning out across the country for fresh travel experiences after two years of bottled-up demand.
US inflation hit 8.3% last month but slows from 40-year high
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain
BDC survey indicates growing digital divide among Canadian businesses
Research indicates there is a growing digital divide among businesses in Canada as businesses without an effective digital presence are less likely to attract investment
Surging gas prices compound inflation’s toll on Canadians, hurt consumer sentiment
Experts say soaring fuel prices create a kind of inflationary domino effect, with climbing gas prices raising shipping costs and higher shipping costs hiking the
OAX 2022: Helping associations navigate volatility and disruption
Associations are a vital part of Canada’s economy and are facing unique challenges – and opportunities – coming out of the pandemic. The OTUS Association
Bank of Canada reaching out to Indigenous groups on economic reconciliation
Governor says the central bank hopes it can take a meaningful step toward building trust and strengthening its relationship with Indigenous peoples.
UPDATED: Ottawa-Gatineau’s jobless rate falls to 4.6% in April amid strong growth
Statistics Canada says a number of signs point to an increasingly tight labour market in recent months, including a drop in the number of part-time
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