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.
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.
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.
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.
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.
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.
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.
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.