UPDATED: Economy posted no growth in the fourth quarter, but consumer spending is holding on
On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth.
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Statistics Canada
Barriers to growth for Black entrepreneurs can often be subtle, local biz owners say
Black-owned businesses in Canada tend to be smaller and perform less well financially than businesses owned by white people or by other racialized groups, according
Canada’s inflation rate is expected to fall significantly this year. Here’s why
Inflation, which first began creeping higher in 2021, took off dramatically last year and peaked at 8.1 per cent in the summer.
Canada’s annual inflation rate slowed in January but grocery prices remain high
In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year
Macklem says economy still overheated and jobs market is too tight
Statistics Canada’s most recent labour force survey revealed the economy added 150,000 jobs last month as the unemployment rate hovers around record-lows.
What tech layoffs, temporary foreign workers and boomers mean for the labour force
Neither layoffs hitting tech companies nor a shortage of workers seem to be weighing heavily on the country’s jobs numbers.
Canadian labour market shows no signs of slowing despite high interest rates
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market.
Immigration increase alone won’t fix the labour market, experts say
With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of the need, some experts
Canadian economy grew slightly in November, expected to slow further
The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to
As the BoC takes a pause from hiking rates, all eyes are on the labour market
On Wednesday, the central bank raised its key interest rate for the eighth consecutive time and said it was taking a conditional pause, keeping the
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