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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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.
Canada’s largest federal public union declares impasse in negotiations with Ottawa
The Public Service Alliance of Canada says the federal government has failed to provide a wage offer that protects workers from surging inflation.
UPDATED: Inflation sets fresh three-decade high at 6.8% in April with little sign of cooling
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Regular travel and public health measures can’t coexist: Canadian Airport Council
International arrivals at Canadian airports are so backed up, people are being kept on planes for over an hour after they land because there isn’t
Canada’s new Cybersecurity Standard: What you must know and why take action
Cybersecurity expert Sai Huda says Canadian small to mid-sized enterprises (SMEs) are far too vulnerable to stealth attacks from hackers. Huda understands that SMEs are
‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation
Restaurants across the country are reducing hours and condensing menus as persistent staff shortages and spiking costs threaten to derail the industry’s comeback from crushing
Tourism rebounding across Canada, but won’t hit 2019 levels until 2023: Trade group
World travel expert says businesses can finally breathe a sigh of relief as the sector recovers from two years of border restrictions and nosediving demand.
BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s
Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and
Canadians hold nose at gas prices as they hit the road, skies once again
Even as gas prices hit record highs, Canadians are fanning out across the country for fresh travel experiences after two years of bottled-up demand.
US inflation hit 8.3% last month but slows from 40-year high
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain
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