Canadians cutting back spending on groceries, restaurants as inflation rises: poll
A new poll suggests Canadians are looking for ways to cut back on spending as their concerns about the cost of living rise alongside headline
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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.
Retail sales rose 3.2% in January amid Omicron surge, StatCan reports
Statistics Canada says retail sales rose 3.2 per cent to $58.9 billion in January, helped by higher sales at new car dealers to start the
Social norms will take time to establish as more workers head back to offices
Along with anxiety about commuting times and corporate vaccination policies come questions over what professional behaviour looks like in 2022.
Under headline jobs figures, report finds pockets of weakness in rebound for women
A new report says women’s historically high numbers in the country’s labour force remain below where they might have been if COVID-19 had never occurred.
Fed begins inflation fight with key rate hike
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling
Statistics Canada says wholesale sales rose 4.2 per cent in January
Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal
Statistics Canada says higher prices helped manufacturing sales edge up in January
Statistics Canada says manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal
ESG investors taking closer look at portfolios amid war in Ukraine
The war in Ukraine is forcing investors, especially those who prioritize environmental, social and governance (ESG) factors, to take a closer look at the stocks
Supply chain woes slashing Canadian manufacturing, hurting small businesses
A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.
Shopify suspends operations in Russia, announces aid for Ukraine
Ottawa-based Shopify will temporarily suspend operations in Russia and Belarus and will not be collecting fees from its Ukrainian merchants and partners for the “foreseeable
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