National employer survey projects more salary freezes ahead
Morneau Shepell forecasts national average salary increase will be about 1.6% including freezes – down from 2.4% average increase in 2019.
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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.
Five Canadian business stories to watch this week
A preview of the national news that will be making headlines in the coming days.
Feds offer $50M fund to film, TV productions struggling to get insurance
Fund will offer productions a maximum compensation of $1.5 million in the case of a temporary interruption and $3 million in the case of a
BlackBerry reports Q2 loss, revenue up from year ago
BlackBerry executive chairman John Chen says the sequential and year-over-year revenue growth this quarter exceeded the company’s expectations despite the ongoing challenges from COVID-19.
Liberals unveil sweeping plan for current and future challenges in throne speech
Liberals emphasize climate change, economic inequality and systemic racism, but say not much can be done if the COVID-19 pandemic is not brought under control.
Online shopping, ‘lifestyle changes’ spur retail revolution, supply chain bottlenecks
Experts say shifts in consumer behaviour mean lengthy backorders are more likely to arise on discretionary items such as patio heaters.
Five Canadian business stories to watch this week
A preview of some of the national business stories that will be making headlines in the days ahead.
Retail sales ‘hit a wall’ in July after two months of significant gains
“It’s a pretty sharp pullback after some explosive growth in retail spending in June.”
Wage subsidy extension into 2021 critical for tourism sector to survive: industry
‘Our sectors are different – we cannot offer curbside pickup, e-commerce or pivot to manufacturing new products.’
Ontario to lower limits on social gatherings after COVID-19 cases increase
Pharmacies across the province will be allowed to conduct COVID-19 tests to increase capacity; Ottawa reports 61 new cases.
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