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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.
Bank of Canada’s next move less certain after inflation rate ticks higher in May
Canada’s annual inflation rate rose to 2.9 per cent in May, largely driven by higher prices for services, Statistics Canada reported on Tuesday.
BDC commits $250M to help Indigenous and Black-led businesses
The BDC says it is launching a $50-million program that will provide loans, plus training, for businesses that are majority-owned by women, Indigenous and Black
Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in
Bank of Canada interest rate decision coming on Wednesday amid rate cut speculation
The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation that the central bank might start to cut rates.
Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut
Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.
Employment jumps by 90,000 in April, raising doubts about June interest rate cut
Canadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.
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