Canada & World

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 look at July suggests a contraction.

The agency says employers were actively seeking to fill 1,037,900 positions compared with 1,005,700 in May.

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 company said the relaunched Zellers will offer "a digital-first shopping journey that taps into the nostalgia of the brand."

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.

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 by a cyberattack on its logistics partner.

Business supports were excessive and show the outsized influence of business groups on public policy, economists say.

The Canadian economy stayed flat in May, with real gross domestic product showing neither growth nor contraction after a 0.3 per cent expansion in April.

Federal public service unions say the government's plan to get employees back to the office is confusing, disjointed and jeopardizing health and safety.

TD chief economist Beata Caranci said inflation today might feel especially challenging because Canadians have been shielded from inflation volatility for decades.