Bank Rate 0.25%; Inflation 4.8%
CBJ –Despite a ballooning 4.8% inflation rate — and no signs of it abating anytime soon — the Bank of Canada recently opted to leave its overnight, trendsetting interest rate at [...]
Amazon to Hire 15,000 Workers; Ups Hourly Pay
CBJ — Amazon Canada plans to hire another 15,000 people in this country. Additionally, the U.S.-based company will also be providing a pay raise for its front-line workers to $21.65 an [...]
Status Quo: 0.25%
CBJ – It’s beginning to sound like a broken record, but the Bank of Canada has again kept its key overnight interest rate at 0.25%. The central bank says a variety of reasons went into the status [...]
Trade Surplus $778M in July
CBJ — The good news is that Canada had a positive trade surplus in July. The concern, however, is that the surplus fell to $778 million in the seventh month of the year, with imports [...]
The 5G Battle Heats Up
CBJ –  The battle for 5G supremacy continues to intensify on word both BCE and Telus want the courts to block Quebecor’s purchase of 5G spectrum in Western Canada. Both BCE and Telus claim [...]
GDP Down 0.3% in 2nd Quarter
CBJ — The nation’s economy declined by 0.3% in the second quarter, from the start of April until the end of June. It’s the first quarterly slump since the start of the recovery [...]
