July travel on an upward trend, but is still a fraction of pre-pandemic levels
The agency says the number of trips by U.S. residents in July was 2.2 million, 11 times the number of trips taken in July 2021
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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.
Canadian employers sought to fill nearly one million jobs in Q2
Statistics Canada says employers were actively seeking to fill 997,000 jobs in the second quarter, the highest quarterly number on record.
Canada’s inflation rate cools in August but grocery prices continue to climb
In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8
Ottawa’s unemployment rate falls to 3.4% in August, bucking national trend
It marks the capital’s lowest unemployment rate since at least March 2001 – the earliest date for which statistics are available.
Lower economic growth necessary to bring inflation down: BoC senior deputy governor
Bank of Canada senior deputy governor Carolyn Rogers says the journey back to two per cent inflation will take time and a that period of
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
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
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