Bank CEOs say higher rates starting to dampen growth
The heads of Canada’s biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that they continue to
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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.
UPDATED: Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher
The Bank of Canada raised its key interest rate by three-quarters of a percentage point Wednesday and signalled this won’t be the last increase as
Remote work debate intensifies as companies mandate return to office after Labour Day
A return-to-office showdown is pitting some bosses and workers against each other as the back-to-school season brings with it a renewed push to get employees
BoC expected to raise interest rate for fifth time at pivotal moment for economy
Inflation appears to have peaked, but it’s still running hot, and a supersized rate hike from the Bank of Canada next week is widely expected.
Canadian economic growth lags expectations in Q2; July estimate points to contraction
The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, bringing the quarterly reading below estimates and an early
Statistics Canada says job vacancies reached another new high in June
The agency says employers were actively seeking to fill 1,037,900 positions compared with 1,005,700 in May.
‘It’s like Lego bricks’: Shippers and consumers feel effects of overflowing ports
Industry observers say bottlenecks and shipping delays stem from several choke points along the supply chain, including backed-up warehouses, staff shortages and rail capacity.
The return of Zellers: Hudson’s Bay to resurrect Canadian discount retail chain
The company said the relaunched Zellers will offer “a digital-first shopping journey that taps into the nostalgia of the brand.”
Slowing inflation not enough to prevent September interest rate hike, economists say
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed.
OCS capping pot shop orders and changing delivery window after partner’s cyberattack
Ontario’s cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused
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