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.
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, which is at its highest level since 1991.
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 to save money amid soaring inflation, Loblaw Companies Ltd. said Thursday.
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 them continue.
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 experts, while details remain scarce on how some of the directives will be implemented.
In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry.
Ottawa's mayor has set a deadline of noon today for truckers encamped in the capital's core to move out of residential streets in a bid to pare down the size of the protest's footprint.
U.S. protectionism has been a fact of life for decades. But even a year removed from Donald Trump's turn as president, it's very much on – thanks in large measure to Trump's successor.
Shipping delays are rippling through the economy amid the ongoing protests that have idled Canada-bound traffic on the Ambassador Bridge linking Detroit and Windsor.