Need to improve Canadian productivity has reached emergency level, BoC official says
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation
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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.
BoC expects to cut interest rates this year, governing council split on timing: deliberations
The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing.
‘Unambiguously good’: Inflation slows in February as price growth unexpectedly eases
Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery
Economists expect inflation rate ticked up above 3% last month amid higher gas prices
Economists say inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to two per cent inflation
As alcohol consumption declines, a St. Patrick’s Day with fewer raised glasses
The usual sight of green-clad revellers celebrating St. Patrick’s Day is expected across Canada on Sunday — but compared with a decade ago, fewer of
Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.
Tight-lipped Bank of Canada holds key interest rate at 5%, says it’s too early to cut rates
The central bank announced its interest rate decision Wednesday as economists widely expected no change in the policy rate.
Business insolvencies leap higher in January from a year earlier, led by bankruptcies
Business insolvencies more than doubled in January compared with a year earlier as they also surpassed pre-pandemic levels for the month.
Canada lags behind peer countries on female representation in management: report
In a new report Tuesday, the Canadian Chamber of Commerce said Canada lags behind nearly half of its OECD peers in its share of female
BoC expected to hold interest rates this week as grey cloud hangs over economy
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the
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