Strong sales but lower profits for many local businesses, retail reports suggest
Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the retail picture, experts agree.
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Statistics Canada
Region’s unemployment rate holds steady at 4.2% in May as labour force grows
Canada’s unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any
BoC may have to raise interest rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada
Cannabis price ‘race to the bottom’ hurts market’s future: OCS CEO
“Once you condition consumers to certain prices, it may take a generation to change perceptions and price tolerances,” said David Lobo, Ontario Cannabis Store president
What slowdown? Economy continues to outperform, raising odds of rate hike next week
The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the
Annual inflation rate edged up in April, raises chances of higher interest rates
Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
Inflation likely slowed again in April, but economists say wage growth a top concern
Canadians’ wages are finally growing faster than prices as inflation continues to ease, but that isn’t necessarily good news for economists.
Tech sector shrinks as Ottawa-Gatineau unemployment rate ticks up to 4.2% in April
Ottawa-Gatineau’s tech sector shrank by more than 10 per cent last month, Statistics Canada said Friday – an ominous sign for a local industry rattled
BoC might have to rethink rate pause as unemployment remains very low: economists
Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.
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
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