Canadian companies’ AI policies aim to balance risk with rewards
The federal government released a set of AI guidelines for the public sector last fall, spurring startups and larger organizations to rework them for their
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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.
Canadian economy loses steam after strong start to year, grows 0.2% in February
The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut
Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose
The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday.
Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468,
Macklem says interest rate cut in June possible after holding policy rate once again
Bank of Canada governor Tiff Macklem says the central bank could begin lowering its key interest rate at its next decision in June after deciding
Spring housing market surge unlikely as affordability, cost of living weigh on buyers
After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a
Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag
Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte
Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.
Statistics Canada reports real GDP up 0.6 per cent in January as Quebec strikes end
Statistics Canada says real GDP grew 0.6 per cent in January, helped by the end of public sector strikes in Quebec in November and December.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline
CFIB president Dan Kelly says many businesses that had to borrow to repay their CEBA loans are facing high interest rates and will be challenged
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