The Globe and Mail: Cities’ downtown cores are hollowing out, but small towns and suburbs tell a different story
The downtowns of most major Canadian cities are still facing a substantial dip in foot traffic compared with prepandemic norms – but the opposite is true of smaller towns and suburbs within commutable distance of those cities, a new study shows.
The Globe and Mail: Half of businesses say their costs are rising, and many plan to pass them on to consumers: survey
Half of businesses say their costs are rising, and many plan to pass them on to consumers.
Toronto Star: Economists predict Bank of Canada may hold the line on interest rates as inflation falls to 3.8%
While another rate hike might not be on the horizon, businesses are still feeling the pinch of high prices “with elevated inflation expectations remaining a complicating factor,” Andrew DiCapua, senior economist at the Canadian Chamber of Commerce, said in a statement.