Small business group calls for relief at pumps amid high fuel costs
The Canadian Federation of Independent Business says record gas prices, supply chain snarls and labour shortages have pushed the cost of doing business through the
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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.
Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday
The Bank of Canada raised its key interest rate by half a percentage point on June 1, bringing it to 1.5 per cent. Since then,
Ottawa-Gatineau’s unemployment rate falls below 4% in June
That marks the lowest rate in at least two decades and comes even as the local economy’s job-creation engine stalled last month.
Canada headed towards ‘moderate’ recession in 2023: RBC economists
Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report
Bank of Canada’s rapid rate hikes likely to cause a recession, study finds
The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly
Bank of Canada surveys suggest business and consumer inflation expectations up
Central bank says businesses’ expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous
Air Canada to slash summer flight schedule as airports face lengthy delays
Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid
Canada joins international agreement to help Indigenous businesses access new markets
Ng paid tribute to First Nations’ businesses and said support would be offered by the government to help these companies, including those from Nunavut and
Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when
Canadian employers willing to hire workers without direct experience, survey says
The research released today indicates that experience and education – once crucial to many positions – are becoming less important amid labour shortages.
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