inflation-rates

After years of turbulence, small clothing designers struggle for a sustainable model

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After years of turbulence, small clothing designers struggle for a sustainable model

Amid high inflation, rising operating costs and shrinking Canadian demand, clothing designers in Nova Scotia say they’re struggling to find a sustainable business model. Designers say they’ve had to adjust to significant changes in consumer behaviour, supply chain disruptions and inflation as they’ve navigated through the COVID-19 pandemic and its aftermath. “We’ve made a lot of hard decisions. … Read more

2023 was a banner year for video games — and video game industry layoffs

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2023 was a banner year for video games — and video game industry layoffs

The past calendar year has been a banner one for best-selling, critically acclaimed video games. Blockbuster titles like Alan Wake 2, Marvel’s Spider-Man 2 and Super Mario Bros. Wonder headlined a year full of critically acclaimed games that sold tens of millions of copies. But behind the screens, the games industry has been in a dramatic … Read more

Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

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Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached home in southwest Edmonton, Miranda paid $1,650 per month in rent. Her rent later increased to $1,800 and will go up again to $1,950 when … Read more

Outlook good for Canadian oil and gas sector, says industry report, but risks remain

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Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the report show that oil prices are expected to remain strong, demand will be robust, export capacity will increase, and investment and drilling activity are set … Read more

Air Transat avoids strike after reaching tentative deal with flight attendant union

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Air Transat avoids strike after reaching tentative deal with flight attendant union

Air Transat and the union representing its flight attendants, a unit of The Canadian Union of Public Employees, have reached a tentative agreement subject to a vote to renew their collective agreement, according to a press release the airline released today.  Details of the agreement will be presented to members and voted on in the coming days, according … Read more

Surge in newcomers putting pressure on inflation via housing demand: BoC official

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Surge in newcomers putting pressure on inflation via housing demand: BoC official

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more