Business World

Canada's inflation rate fell to 2.8 per cent in June, its lowest level in more than two years. Gasoline pulling rate down, while food and mortgages pushing it up Canada's inflation rate fell to 2.8 per cent in June, its lowest level in more than two years. Statistics Canada said …

A new report released Tuesday by the Canadian Centre for Policy Alternatives found that while minimum wages have risen since 2018, they haven't increased as fast as rental rates. Researchers say this not only leaves workers spending too much on rent, but ultimately puts minimum wage workers at risk of …

As the Summit 14 mine proposal continues to move its way through the approval process, residents of a town 430 kilometres northwest of Edmonton say they're wrestling with how the coal industry and the environment can coexist, unearthing no easy answers, only hard questions. Summit 14 mine project promises new …

Many economists say the Bank of Canada's decision this week to increase its key interest rate yet again was a mistake. But the bank is using the only tools it has. Why aren't other policy-makers using the tools they have to fight inflation? The central bank is raising rates to …

The B.C. port strike might be over but it’s expected to take weeks — even months — for supply chains and businesses to recover, according to experts. Greater Vancouver Board of Trade says there are 63,000 shipping containers waiting to be unloaded The British Columbia port strike might be over, …

This month, high-stakes international negotiations in Kingston, Jamaica, hosted by the International Seabed Authority could determine the future of deep sea mining and whether a Canadian-registered company can successfully pursue a permit this year to mine commercially. Countries meeting in Jamaica this month to hammer out mining code Deep-sea mining: …

While advocates say there's an appetite for change that can make way for a widespread movement aimed at creating more affordable and accessible housing, there's enough obstacles facing both organizers and residents to keep it from getting off the ground. Advocates say there's appetite for protests over the housing crisis, …

For the first time ever, a Canadian province has filed criminal charges against a business for providing false information related to carbon offsets, underscoring the sometimes murky activities of companies in a complicated, rapidly growing industry worth hundreds of millions of dollars annually. 25 charges filed against company involved in …

From loan defaults to deflation in China, there are early clues the inflationary trend could be reaching a turning point. The Bank of Canada is wary of increasing rates too much, but immigration, a housing shortage and Canadians with deep pockets may be blunting the effects of 10 rate hikes. …

The Bank of Canada raised its benchmark interest rate to five per cent on Wednesday, its highest rate since 2001. Following the announcement, experts diverged on whether Canadians could expect another increase after the summer. 10th rate hike by central bank since March 2022 The Bank of Canada raised its …