UPDATED: Bank of Canada raises key rate half a point to 1% and warns of further hikes to come
The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are
Skip to content
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.
Canadians with mortgages brace for big Bank of Canada rate hike
The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point
Cannabis company Tilray Brands signs definitive agreement in Hexo deal
Cannabis company Tilray Brands Inc. has signed a definitive agreement in its proposed plan with rival Hexo Corp. first announced last month.
US inflation jumped 8.5% in past year, highest since 1981
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing
Loblaw, Frito Lay resolve high-profile pricing dispute that pulled chips from shelves
A high-profile pricing dispute that saw one of Canada’s largest food makers stop shipments of chips and snacks to the country’s largest grocer has been
Jobless rate holds steady at 4.9% in March as employment surges, labour force grows
Ottawa-Gatineau’s jobless rate held steady at 4.9 per cent in March as a surge in employment was offset by a big jump in the number
Budget 2022: Flush from booming economy, feds eye growth with $31B in new spending
Spending plan targeted at speeding the flow of goods through the country’s supply chains, boosting housing supply and jolting businesses out of an anemic period
After two years of uncertainty, Liberals ready budget under shifting circumstances
After two years of pandemic-induced uncertainty, the federal Liberals are readying to deliver an updated spending blueprint in a 2022 budget that, by all accounts,
Businesses brace for high inflation to stick around over next two years: BoC survey
Bank’s latest Business Outlook Survey found that more than two-thirds of businesses anticipate inflation will be above three per cent, on average, over the next
Industry looks to budget for help on supply chain problems, domestic production
Coming out of the COVID-19 pandemic, an association of manufacturers and exporters worries the country will fall further behind competitors in peer nations without the
Get our email newsletters
Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.
The Latest
Video
OBJ360
Sponsored
Sponsored
The Ottawa Hospital Foundation’s Campaign to Create Tomorrow
The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
EXPERT BLOGS
Didn’t we just do this? More changes coming to the Ontario Construction Act
Victoria Morvillo and Dan Leduc
Do I need an engineer for my construction project?
LRL Engineering
