The Globe and Mail: Canadian small businesses are expanding – with a little help from data
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Toronto Star: Is Toronto rotting at the core? Downtown foot traffic still 46% lower than before pandemic, study finds
Foot traffic in downtown Toronto has continued to fall significantly since pre-pandemic norms in 2020, as hybrid work persists and fewer residents travel to work downtown, a new study has found.
Financial Post: Slumping retail sales could keep Bank of Canada interest rate on hold
Retail sales flatlined in the second quarter while sales volume dropped 0.8 per cent, Statistics Canada said on Aug. 23, signs that economic activity is weakening as the Bank of Canada’s rate hikes take a deeper hold.
Bloomberg: ‘Relief’: What Economists Are Saying About Canada’s Inflation Surprise
Andrew DiCapua, senior economist at the Canadian Chamber of Commerce tells Bloomberg "we shouldn’t expect any moves from the bank until June.