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’s economy ‘sprinting into a wall’ to start 2025 as tariff hit looms

The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February...

Carney confirms Liberals won’t proceed with planned capital gains tax change

Days before he's expected to call a federal election, Prime Minister Mark Carney is confirming he won't...

Hudson’s Bay to liquidate all but six stores starting Monday

After a week spent seeking a lifeline, Hudson's Bay says it has found a way to keep six stores open.

CFIB says small business confidence fell to all-time low as trade war ramped up

The Canadian Federation of Independent Business says small business confidence dropped to an all-time low in March as the trade war with the U.S. ramped up.

Hudson’s Bay shoppers scramble for striped products as company seeks liquidation

When the pre-lunch rush hit Wednesday at the flagship Hudson’s Bay store in Toronto, Brian Bursten was...

Inflation’s surprise jump could push Bank of Canada to pause rate cuts

A surprise jump in inflation and a flood of "noise" in the economy may push the Bank...

CREA reports home sales fell in February amid tariff uncertainty

Home sales in February fell to their lowest level in more than a year as homebuyers stayed...

End of federal tax holiday in February expected to lift inflation: economists

Economists are expecting the annual rate of inflation accelerated in February as the federal government's temporary tax...

Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the...

Carney’s win kills Liberals’ much-delayed plan to change capital gains tax

Mark Carney's victory in the Liberal leadership race put the final nail in the coffin for federal...
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