Statistics Canada

Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut

Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.

Employment jumps by 90,000 in April, raising doubts about June interest rate cut

Canada & World, Human Resources

Canadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.

Canadian economy loses steam after strong start to year, grows 0.2% in February

Canada & World

The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut

Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose

Canada & World

The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday.

Walmart Canada says robots coming to two Ontario warehouses, including Cornwall, jobs not at risk

Eastern Ontario Business Journal

In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

Real Estate, Canada & World, Ottawa, Residential

After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a

Region’s unemployment rate jumps to 4.8% in March as local economy sheds jobs

Ottawa, Human Resources

Canada’s unemployment rate jumped to 6.1 per cent in March as more people looked for work, Statistics Canada reported Friday.

Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte

Canada & World

Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.

Statistics Canada reports real GDP up 0.6 per cent in January as Quebec strikes end

Canada & World

Statistics Canada says real GDP grew 0.6 per cent in January, helped by the end of public sector strikes in Quebec in November and December.

Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts

Canada & World

Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.