Canada & World

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 physically enough space to hold the lineups.

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...

‘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 pandemic restrictions.

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 slow or recessionary economic growth, senior BoC official said.

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 on American households.

BDC survey indicates growing digital divide among Canadian businesses

Research indicates there is a growing digital divide among businesses in Canada as businesses without an effective digital presence are less likely to attract investment and be profitable.

Surging gas prices compound inflation’s toll on Canadians, hurt consumer sentiment

Experts say soaring fuel prices create a kind of inflationary domino effect, with climbing gas prices raising shipping costs and higher shipping costs hiking the price of goods.

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