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.
While gasoline prices are big part of the picture, having jumped last month by 39.8 per cent compared with March 2021, price pressures are far broader.
Pension fund manager says it is looking to make investments in the sector comprise seven to 10 per cent of its net assets over the next five to 10 years, up from about three per cent today.
The federal government plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy that's needed.
 The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation.
The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase.
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
A high-profile pricing dispute that saw one of Canada's largest food makers stop shipments of chips and snacks to the country's largest grocer has been resolved.
Ottawa-Gatineau’s jobless rate held steady at 4.9 per cent in March as a surge in employment was offset by a big jump in the number of people hunting for work.
Spending plan targeted at speeding the flow of goods through the country's supply chains, boosting housing supply and jolting businesses out of an anemic period of investment.