Bank of Canada on track for rate hike after GDP growth slows: Economists
Statistics Canada said Tuesday real gross domestic product grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment
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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 expected to jack up interest rates as inflation persists
“Canadian inflation is running more than three times faster than target,” Desjardins’ head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
Feds announce $247 million to create 25,000 apprenticeship positions across Canada
“We need Canadians to be able to seize these opportunities and to have the tools, training and resources they need to thrive,” Employment Minister Carla
Nexus program backlog balloons to nearly 300,000 applications
The Canada Border Services Agency (CBSA) says 295,133 Nexus applications have yet to be processed due to ongoing office closures prompted by COVID-19.
Banks sound notes of caution as outlook worsens, even as latest results show growth
“…Markets are struggling to predict how we land the economy, do we land it with a slight recession? And our message today is, it could
Worry about stagflation, a flashback to ’70s, begins to grow in the U.S.
Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas
Job vacancies hit record high of more than 1 million in March: StatCan
StatsCan said employers were seeking to fill more than one million positions at the beginning of March, up 22.6 per cent from February and 60.5
Consumer sentiment in Canada posts biggest drop since pandemic onset amid inflation
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May – the largest monthly drop since the pandemic’s
Canadians in the dark about how their data is collected and used, report finds
A new report says digital technology has become so widespread at such a rapid pace that Canadians have little idea what information is being collected
Experts see parallels between 1970s inflation crisis and today
Bank of Montreal chief economist Doug Porter said it’s highly unlikely Canadians are in for a double-digit, ’80s-style interest rate shock any time soon.
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