The Canadian economy stayed flat in May, with real gross domestic product showing neither growth nor contraction after a 0.3 per cent expansion in April.
The Bank of Canada raised its key interest rate by half a percentage point on June 1, bringing it to 1.5 per cent. Since then, it has signalled a willingness to move in a more aggressive direction.
Central bank says businesses' expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous survey.
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.
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 workers that would prefer full-time work.
Statistics Canada says core retail sales -- which exclude sales at gasoline stations and motor vehicle and parts dealers -- rose 1.4 per cent.
Capital's annual rate of inflation hit 7.5 per cent in March, Statistics Canada said Wednesday, and local entrepreneurs say it's getting harder and harder to pass those extra costs on to customers.
Ottawa-Gatineau’s jobless rate held steady at 4.9 per cent in March as a surge in employment was offset by a big jump in the number of people hunting for work.
Statistics Canada says real gross domestic product grew 0.2 per cent in January, a month marked by restrictions due to a surge in COVID-19 cases.
Statistics Canada says the number of people travelling to Canada in January was up from a year earlier, but remained a fraction of where it was before the COVID-19 pandemic.