Statistics Canada says country posted merchandise trade surplus for January
Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in
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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.
Higher interest rates could dim valuations for VC backed startups in Canada: experts
Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away. On Wednesday,
Macklem says Bank of Canada needs to raise rates to moor inflation expectations
Top central banker says raising bank’s benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the
WestJet Group to buy Sunwing Airlines amid turbulent global travel market
Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc.
UPDATED: Bank of Canada hikes key interest rate
The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,
Ontario to end vax passports, some businesses persist
Some establishments in Ontario will maintain proof-of-vaccine requirements even after the province ends its vaccine certificate system on Tuesday.
‘Price sensitive’ shoppers turn to discount grocery stores as food costs rise: Loblaw
Canadian consumers are increasingly shopping at discount grocery chains, buying store-branded food and choosing less pricey pork or chicken rather than beef in an effort
Banking industry says it will need to diligently implement emergency orders
Canada’s banking industry says it will follow through with the federal government’s emergency orders targeting the trucker protesters as discussions on how best to implement
New rules going after blockade financing an overreach, critics say
The federal government’s move to use expanded financial powers to crack down on the trucker protests is being called a severe overreach by financial crime
Annual inflation rate rises to 5.1 per cent in January on broad price increases
Statistics Canada says the annual pace of inflation topped five per cent for the first time in more than 30 years.
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