Canada averts recession with meagre growth in Q4, consumers and businesses pinched
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
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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.
Loblaw spending more than $2B to build more than 40 new stores, renovate hundreds
Loblaw Cos. Ltd. announced Tuesday the record investment plan, which includes the expansion and relocation of 10 stores and renovations at 700 locations across its
‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January
Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.
CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec
CPA Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from
Rate cut timing ‘difficult to foresee’ amid inflation pressures: BoC deliberations
The Bank of Canada isn’t sure when it will be able to start cutting interest rates as it continues to contend with inflation that’s still
Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says
Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as
Black Canadians report high levels of racism despite workplace improvements
Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in
Business, consumer insolvencies rise in December as higher rates bite
Business insolvencies rose 57.2 per cent in December compared with a year earlier, according to the Office of the Superintendent of Bankruptcy.
Economic bounceback at the end of 2023 could push back rate cuts, economists say
Canada’s economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts
Bad Boy Furniture Warehouse fails to file proposal, is deemed bankrupt
Toronto-area furniture retailer Bad Boy Furniture Warehouse Ltd. is officially bankrupt.
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