The Globe and Mail: Consumer spending is a double-edged sword as Bank of Canada tries to control inflation
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The Globe and Mail: Canada sheds jobs for the first time in nine months, unemployment ticks up to 5.2 per cent
“We know vacancy and job postings are still quite elevated relative to the pandemic. But this is clearly a sign that the big hiring binge that we had at the start of the year is over and momentum is slowing,” Stephen Tapp, chief economist at the Canadian Chamber of Commerce, said in an interview.
The Globe and Mail: Empty Canadian offices fill 89 Rogers Centres – and it’s a chance to reimagine downtown
Almost 50 million square feet of vacant office space is available in Canadian downtowns, with nearly 40 per cent of that becoming vacant since the COVID-19 pandemic hit. That’s the equivalent of 89 baseball stadiums the size of Rogers Centre in Toronto.
Yahoo! Finance: Small businesses face triple threat of inflation, recession and looming pandemic loan deadline
The cost of doing business has gotten more expensive, with everything from wages, materials and debt repayment to overhead expenses now pricier than before the pandemic. At the same time, companies are still trying to recover from lost sales from COVID-19 restrictions.