‘It will get worse over the next 10 to 15 years’: What to expect from Canada’s labour market as the workforce ages
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The Toronto Star: Toronto restaurants see double-digit decline in people dining in, suggesting pullback in discretionary spending
The volume of seated diners at restaurants in the city has been declining year-over-year since June, according to OpenTable data.
Ottawa Business Journal: Strong sales but lower profits for many local businesses, retail reports suggest
Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the picture, experts agree.
Toronto Star: Bank of Canada holds key rate at 5%, signals June cut ‘within realm of possibilities’
The latest increase in U.S. inflation also casts doubt on the central bank’s next move, said Andrew DiCapua, senior economist at the Canadian Chamber of Commerce.