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.

Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says

While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel optimistic about the future.

Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says

While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel optimistic about the future.

Ottawa Business Growth Survey: Uncertainty and opportunity lie ahead for Ottawa’s business community

Jim McConnery, managing partner at Welch LLP, says that if anything is for certain, it’s that the pre-pandemic status quo is no longer an acceptable operating model. 

Bank of Canada says economy can handle higher rates despite household debt risks

High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can handle the rising interest rates needed to tame inflation, central bank says.

Retailers’ renewed confidence in brick and mortar fuelling surge in commercial leases

Ottawa-born BeaverTails is among the chains that are looking to expand their national footprints as consumers start shopping and eating out in greater numbers.

Canadian tech community braces for possible downturn as stocks fall, inflation rises

Members of Canada's tech sector say that anxiety is being felt across the industry as rising interest rates and 30-year inflation highs weigh on businesses.

Bank of Canada could hike interest rates past 3% in bid to bridle inflation

The deputy governor of the Bank of Canada says it may need to raise its key interest rate to three per cent or beyond to ensure inflation does not become entrenched.

Bank of Canada could hike interest rates past 3% in bid to bridle inflation

The deputy governor of the Bank of Canada says it may need to raise its key interest rate to three per cent or beyond to ensure inflation does not become entrenched.

Bank of Canada raises key rate by half a point amid stubbornly high inflation

In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months as it forecasts higher consumer prices to come this year.

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 and household spending.
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