Canada’s economy contracts in May, but there were signs of a June rebound
The Canadian economy contracted again in May, Statistics Canada said Thursday, but signs of a rebound in June could see growth hold flat for 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.
Bank of Canada holds key rate at 2.75% as economy shows resilience to tariffs
Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but the spectre
CFIB sees recession in Canada as business confidence remains ‘persistently low’
The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB, released Thursday, shows it’s forecasting that
TD Bank joins its peers in moving to require four days in office
TD Bank Group says it is moving to require employees be in the office four days a week, adding to the number of banks doing
Business confidence subdued amid tariffs but ‘worst-case’ less likely: BoC survey
A pair of reports from the Bank of Canada say tariff-related uncertainty continued to put a damper on business and consumer sentiment in the second
Inflation rises to 1.9% in June as vehicle price hikes accelerate
The annual pace of inflation accelerated to 1.9 per cent in June as consumers were paying more at car dealerships, Statistics Canada said Tuesday. The
It’s not just students who will be commuting more this September. After years of experimentation with hybrid work, an increasing number of companies are whittling
Amid a renewed return-to-office push, experts outline what your options are
As the number of in-office days is set to increase for many of Canada’s hybrid workers, return-to-office mandates are setting the stage for tension between
Ottawa-Gatineau’s unemployment rate rises to 5.8% in May
Ottawa-Gatineau’s unemployment rate jumped three-tenths of a percentage point in May as the local economy shed nearly 4,000 jobs, Statistics Canada said Friday. The National
Bank of Canada holds key interest rate at 2.75% as tariff uncertainty persists
The Bank of Canada held its benchmark interest rate steady at 2.75 per cent Wednesday as policymakers keep waiting for more clarity on how tariffs
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