Royce Mendes

UPDATED: Bank of Canada hikes key interest rate

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,

Hot housing market drives 2021 economic growth

Real Estate

The country’s hot housing market drove economic expansion last year as the economy grew 4.6 per cent in 2021, Statistics Canada said Tuesday.

Ottawa-Gatineau unemployment rate ticks up to 4.7% in January as labour force grows

Ottawa

The region gained 1,400 jobs last month, but that was more than offset by the 4,000 people who resumed their search for work, Statistics Canada

Housing starts slide in September: CHMC

Residential

It’s the fourth month in a row that housing starts in the region were behind their pace from 2020.

Region’s unemployment rate falls to 18-month low in September as labour market shrinks

Ottawa

The economy shed more than 10,000 jobs last month, with the retail and educational services sectors among the hardest hit.

Region’s unemployment rate falls to 6.2% in August as labour force shrinks amid job losses

Ottawa

Employers in Ottawa-Gatineau shed a net total of 3,300 jobs in August, and the unemployment rate dropped mainly because of a mass exodus of 12,100

Ottawa-Gatineau’s unemployment rate dips to 7.1% in July

Ottawa

Ottawa-Gatineau employers added more than 6,000 new jobs to their payrolls last month as the economy continued to pull out of a pandemic-fuelled downturn.

Ottawa-Gatineau unemployment rate edges up to 7.8% in June

Ottawa

Ottawa’s economy added jobs for the eighth straight month, but the gains were accompanied by a surge in the number of residents entering or re-entering

Ottawa-Gatineau’s jobless rate ticks up to 6.7% in April

Ottawa

While the region’s economy added 7,600 jobs, the labour force also jumped by an additional 10,200 as more people resumed their search for work, Statistics