Canada headed towards ‘moderate’ recession in 2023: RBC economists
Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report
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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.
Bank of Canada’s rapid rate hikes likely to cause a recession, study finds
The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly
Bank of Canada surveys suggest business and consumer inflation expectations up
Central bank says businesses’ expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous
Air Canada to slash summer flight schedule as airports face lengthy delays
Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid
Canada joins international agreement to help Indigenous businesses access new markets
Ng paid tribute to First Nations’ businesses and said support would be offered by the government to help these companies, including those from Nunavut and
Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when
Canadian employers willing to hire workers without direct experience, survey says
The research released today indicates that experience and education – once crucial to many positions – are becoming less important amid labour shortages.
More pay boosts possible this year amid tight labour market, inflation: experts
The combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year,
Some single use plastics will be banned over the next 18 months
The federal government is banning companies from importing or making plastic bags and takeout containers by the end of this year, from selling them by
Growing number of companies end mandatory vaccination as COVID-19 restrictions ease
Governments have been loosening COVID-19 restrictions, with Ottawa allowing airline and railway workers as well as passengers to climb on board without being jabbed starting
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