Canadian Business Journal

07/13/2022

https://www.cbj.ca/bank-rate-skyrockets-by-1-to-2-5/

CBJ -- In a surprisingly aggressive move to combat inflation, the Bank of Canada has increased its overnight trendsetting rate by a full percentage point, taking it to 2.5%. The move comes as a sur...

04/13/2022

https://www.cbj.ca/bank-rate-now-at-1/

CBJ -- It's crunch time. For the first time in two decades the Bank of Canada has increased its overnight trendsetting rate by 50 basis points to an even 1%. Governor Tiff Macklem says the increase...

04/08/2022

https://www.cbj.ca/housing-costs-top-federal-budget-agenda/

CBJ – The Canadian government made has made it clear that skyrocketing home prices will be a main focal point following Thursday’s budget delivered by Finance Minister Chrystia Freeland in Ottawa. ...

03/17/2022

https://www.cbj.ca/new-investment-in-honda-plant/

CBJ -- The Honda manufacturing plant in Alliston, Ontario is receiving a major injection of funds as the plant moves towards a concentrated effort of building hybrid vehicles. Both Prime Minister J...

03/17/2022

https://www.cbj.ca/1339620/

CBJ -- Canada's inflation rate rose to a 31-year-high in February to a staggering 5.7%. The Bank of Canada says the ideal inflation rate hovers in and around 2%. Everything is more expensive, from...

02/09/2022

February issue of CBJ. Click link to enter.

https://www.cbj.ca/EMAG/2022/Feb/

01/30/2022

https://www.cbj.ca/u-s-economic-expansion/

CBJ -- In spite of a devastating and ongoing worldwide pandemic, the American economy grew last year at its fastest pace since Ronald Reagan's presidency in the 1980s. The gross domestic product — ...

01/30/2022

https://www.cbj.ca/inflation-hit-4-1-in-august/

CBJ –Despite a ballooning 4.8% inflation rate -- and no signs of it abating anytime soon -- the Bank of Canada recently opted to leave its overnight, trendsetting interest rate at 0.25%. However, t...

01/30/2022

09/21/2021

Liberal leader Justin Trudeau and his party will form Canada's next federal government. Once again, it's a minority government.

Trudeau retains the role as Prime Minister, a position he's held since 2015.

09/16/2021

https://www.cbj.ca/inflation-hit-4-1-in-august/

CBJ – Ideally, the Bank of Canada would like to see the nation’s monthly inflation rate somewhere around the 2% level. In August, it was more than double that 2% targeted figure compared with 2020’...

09/13/2021

https://www.cbj.ca/amazon-to-hire-15000-workers-ups-hourly-pay/

CBJ -- Amazon Canada plans to hire another 15,000 people in this country. Additionally, the U.S.-based company will also be providing a pay raise for its front-line workers to $21.65 an hour. Amazo...

09/09/2021

https://www.cbj.ca/status-quo-0-25/

CBJ – It’s beginning to sound like a broken record, but the Bank of Canada has again kept its key overnight interest rate at 0.25%. The central bank says a variety of reasons went into the status q...

09/08/2021

https://www.cbj.ca/trade-surplus-778m-in-july/

CBJ -- The good news is that Canada had a positive trade surplus in July. The concern, however, is that the surplus fell to $778 million in the seventh month of the year, with imports rising at a ...

09/01/2021

https://www.cbj.ca/the-5g-battle-heats-up/

CBJ – The battle for 5G supremacy continues to intensify on word both BCE and Telus want the courts to block Quebecor’s purchase of 5G spectrum in Western Canada. Both BCE and Telus claim Quebecor...

09/01/2021

https://www.cbj.ca/gdp-down-0-3-in-2nd-quarter/

CBJ -- The nation's economy declined by 0.3% in the second quarter, from the start of April until the end of June. It's the first quarterly slump since the start of the recovery last summer origin...

08/10/2021

https://www.cbj.ca/dehumidifier-recall/

CBJ – An estimated 400,000 dehumidifiers sold in Canada are facing a recall notice due to a potential they could start on fire. Health Canada says the dehumidifiers were sold under an assortment of...