Bank of Canada on track for rate hike after GDP growth slows: Economists
Statistics Canada said Tuesday real gross domestic product grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment
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Statistics Canada
Bank of Canada expected to jack up interest rates as inflation persists
“Canadian inflation is running more than three times faster than target,” Desjardins’ head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
Job vacancies hit record high of more than 1 million in March: StatCan
StatsCan said employers were seeking to fill more than one million positions at the beginning of March, up 22.6 per cent from February and 60.5
Experts see parallels between 1970s inflation crisis and today
Bank of Montreal chief economist Doug Porter said it’s highly unlikely Canadians are in for a double-digit, ’80s-style interest rate shock any time soon.
UPDATED: Inflation sets fresh three-decade high at 6.8% in April with little sign of cooling
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation
Restaurants across the country are reducing hours and condensing menus as persistent staff shortages and spiking costs threaten to derail the industry’s comeback from crushing
Surging gas prices compound inflation’s toll on Canadians, hurt consumer sentiment
Experts say soaring fuel prices create a kind of inflationary domino effect, with climbing gas prices raising shipping costs and higher shipping costs hiking the
UPDATED: Ottawa-Gatineau’s jobless rate falls to 4.6% in April amid strong growth
Statistics Canada says a number of signs point to an increasingly tight labour market in recent months, including a drop in the number of part-time
Economy gains momentum with 1.1% GDP growth in February, best month since March 2021
The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized
Statistics Canada says retail sales edged up 0.1 per cent in February
Statistics Canada says core retail sales — which exclude sales at gasoline stations and motor vehicle and parts dealers — rose 1.4 per cent.
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