National home sales continue surging, prices rise amid falling interest rates: CREA
The Canadian Real Estate Association says the number of homes sold in November rose 26 per cent compared with a year ago, marking the second
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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.
Canada Post operations to resume on Tuesday, company says
Mail is set to begin moving again on Tuesday after a month-long strike by Canada Post employees comes to a close. The Canada Industrial Relations
Federal minister asks labour board to intervene in Canada Post strike
Mail could begin moving again in Canada as early as next week after the federal government moved Friday to end the nearly month-long work stoppage
BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward
The Bank of Canada lowered its key interest rate by half a percentage point on Wednesday but signalled a slower pace of rate cuts moving
Wait times grow amid Canada Post strike as backlogs and frustration build
It’s almost two weeks since Darren Solomon had a working fridge. The appliance’s compressor conked out on Nov. 26 and he’s been waiting for a
Finance minister says government’s fiscal update coming Dec. 16
Finance Minister Chrystia Freeland will publish the government’s fall economic statement on Dec. 16, just before members of Parliament are expected to head home for
BoC expected to lower interest rates again, with odds leaning toward larger cut
Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week. Statistics Canada’s latest job report tilted expectations in favour of
Lower immigration will slow economic growth, but won’t cause recession: report
A new report suggests the federal government’s rapidly reduced immigration targets will significantly slow economic growth, but not enough to trigger a recession. The Conference
Purolator, UPS pause shipments from couriers amid backlog
Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada
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