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BoC expected to hold interest rate this week, even as economy keeps some steam

The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot.

Ottawa-Gatineau’s unemployment rate holds steady at 4.1% in March

Total employment in Ottawa-Gatineau clocked in at 812,500 in March, compared with 811,700 the previous month, StatCan said in its latest labour market report. 

Downtown Ottawa’s office vacancy rate hits record high of 13.2% in Q1: CBRE

Several prominent local real estate experts say they expect vacancies to keep rising as businesses rethink their space requirements.

Home prices, sales still well below highs seen last year: OREB

Members of the Ottawa Real Estate Board sold 1,194 residential properties in March, a 40 per cent drop from a year earlier and well below the five-year average of 1,698 sales for the month.

Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.

LeBreton Flats remains ‘destined choice’ for new Sens arena, biz leaders say

Speculation about alternate locations heated up last week when Mayor Mark Sutcliffe suggested the prime parcel of development land just west of downtown “is not the only option” for a new rink.

‘It’s like living in a friggin’ museum’: Ottawa must be a ‘people first city,’ one thought leader argues

In light of current remote work trends, particularly among knowledge workers, the city needs to create a downtown that serves as the heart of human experience, says Andrew Penny.

Techopia Live: Invest Ottawa about nurturing the next big thing in local tech

In the episode of Techopia Live, Ottawa Business Journal publisher Michael Curran speaks with Nick Quain, vice-president of venture for Invest Ottawa.

Businesses expect slower sales in short term as cost, labour issues persist: survey

The Canadian Chamber of Commerce says businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation.

Ottawa-based Getit hopes merger puts delivery firm on fast track to profitability

Food delivery enterprise is merging with Vancouver mobile commerce app developer Perk Labs in a move the companies hope will better position them to compete toe-to-toe against industry behemoths like DoorDash and Skip the Dishes.

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