Ottawa-specific coverage of local business news, including tourism, retail, transportation, city hall and more. Issues related to human resources and philanthropy are often featured.
As the temperature drops and snow is on the horizon, local tourism officials say climate change is making it increasingly difficult to accurately forecast what winter has in store for Ottawa’s hospitality industry.Â
While some people still think of Ottawa as a sleepy government town, the members of the capital’s new nightlife council have been awake and dreaming for decades about how to get more people out to enjoy everything the city has to offer.
Michael Pyman, Colliers’ Ottawa-based vice-president of national investment services, says there could be a significant uptick in local commercial transactions in 2025, especially if the Bank of Canada continues to reduce interest rates and it becomes cheaper for investors to borrow capital.
Ottawa-Gatineau’s economy progressed sluggishly through the third quarter of this year, but economist Richard Forbes said things are expected to look up for 2025.Â
Statistics Canada’s labour force survey on Friday said total employment in Ottawa-Gatineau rose by 3,300 jobs in October, down from 7,200 the month before. Meanwhile, the labour force also grew by about 3,300 people, keeping the region’s jobless rate equal to September’s mark.