Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.its first-quarter gross domestic product reading
earlier this week, prompting some speculation the Bank of Canada could raise interest rates again – perhaps as early as next week. The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter, buoyed by strong exports and robust consumer spending. Mark Rendell reports, however, that this economic resilience is a problem for Canada’s central bank, which is deliberately trying to slow down the economy to bring inflation back under control.
, according to Matt Lundy. The employment rate for recent immigrants – those who landed in Canada within the past five years – has topped 70 per cent, the strongest level on record. What’s contributing to the unequivocally positive trend? The biggest factor in the employment surge is that Canada has moved toward a two-step immigration process, meaning a larger share of people who become permanent residents have already worked in Canada as temporary residents.
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