Toronto Star: Is the Bank of Canada finally done hiking rates? Economists surveyed by the Star say ‘probably’
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Financial Post: Businesses expect slower sales in short term as cost, labour issues persist: survey
Businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation, according to a survey by the Canadian Chamber of Commerce.
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.
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.