BoC raises key interest rate to 5%, expects slower return to inflation target
The Bank of Canada raised its key interest rate by a quarter of a percentage point this morning, bringing it to 5 per cent.
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RBC Bluesfest enjoys strong opening with global superstar Shania Twain
Superstar Shania Twain was a hit as the headlining musical performer during the opening night of RBC Bluesfest at LeBreton Flats Park on Thursday.
Bank of Canada expected to raise rates next week, despite rise in unemployment rate
The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain
Labour shortage in construction adding extra pressure to housing supply gap: experts
The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.
Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike
Statistics Canada says the country’s inflation rate fell to 3.4 per cent in May — the lowest it’s been since June 2021.
After economy posts strong start to 2023, new data suggests slowdown has begun
The Canadian economy’s strong bounce back at the start of the year appears to have been short-lived, as new data suggests growth is on a
Cleantech firms hope federal budget’s focus on ‘clean economy’ gives them green light to grow
The measures include more than $16 billion in tax credits over the next five years for cleantech manufacturing; clean electricity such as wind, solar, hydro,
Party on the water: Ottawa Riverkeeper to host gala at new River House digs
Tickets will be going for an evening of first-rate food, drinks and live music, enjoyed in a spectacular setting and reputed to be one of
BoC expected to hold interest rate next week, one year after aggressive cycle began
One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding
Labour shortages could push up wages, ‘reignite inflation’ in long run, report warns
Wages are growing quickly in Canada, but so far not fast enough to match inflation, the report said.
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