Nojoud Al Mallees, The Canadian Press

Canadian business investment per worker plummeted by 20 per cent over a 15-year stretch, according to new Statistics Canada research that suggests weaker competition is partly to blame.

The report finds for every worker, businesses invested $628.80 less in their companies in 2021 than they did in 2006.

The decline was more significant in large and medium-sized companies and foreign-controlled businesses, though it's unclear why that was the case.

Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957.

Statistics Canada released its Oct. 1 population estimates on Tuesday, putting the number at more than 40.5 million.

The agency says the population growth over the first nine months of 2023 has already surpassed the total growth in any other full year, including the record set in 2022.

The Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process.

The agency is releasing a report Monday that offers detailed findings of its audits of the Canada Emergency Wage Subsidy Program. The bulk of the findings cover the period ending March 31, but the report also offers more up-to-date figures as of Sept. 29.

The federal government's priorities for improving Canada's immigration system include better aligning the number of people welcomed to the country with what the labour market needs, as well as services and infrastructure, says a report released Tuesday.

"With an aging population, people living longer, families having fewer children, Canada imperatively needs immigration to rebalance our demographics and support the growing need for workers," federal Immigration Minister Marc Miller said Tuesday.

Conservative Leader Pierre Poilievre is calling on the Liberals to exempt all forms of home heating from the carbon price, after Prime Minister Justin Trudeau announced a temporary exemption that only applies to home heating oil.

The federal government announced last week that it is increasing the carbon price rebate for rural Canadians and lifting the carbon price off home heating oil entirely for the next three years.

Major grocers in Canada are not yet confirming whether they have committed to special promotions to stabilize grocery prices, as was recently promised by the federal government. 

Industry Minister François-Philippe Champagne announced last week that the grocers have presented initial plans to stabilize prices, which include discounts, price freezes and price-matching campaigns.

The Canadian Press has reached out to the grocers —  Loblaw, Empire, Metro, Walmart and Costco — to confirm what exactly each of them has promised to do. 

Canada's inflation rate jumped to four per cent last month, as economists warn the latest consumer price index report spells bad news for the Bank of Canada. 

Statistics Canada released its latest inflation reading on Tuesday, which shows the annual rate rose from 3.3 per cent in July, marking the second consecutive month inflation has risen.

Forecasters were widely anticipating inflation to come in hotter last month due to higher gasoline prices. But Tuesday's report was even more discouraging than many expected. 

Top executives from Canada's major grocery chains met with two federal cabinet ministers on Monday for "difficult discussions" to talk about measures to stabilize grocery prices.

Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne met with executives from Loblaw, Metro, Empire, Walmart and Costco this morning.

"They have agreed to support the government of Canada in our efforts to stabilize food prices in Canada," Champagne said. 

The alarm bells are becoming bull horns: Canada's housing supply isn't keeping up with the rapid rate of population growth.

Academics, commercial banks and policy thinkers have all been warning the federal government that the pace of population growth, facilitated by immigration, is making the housing crisis worse.

A new report is casting doubt on the idea that Canada is facing a widespread labour shortage and bolsters the arguments by some labour economists that high job vacancies aren't due to a shortage of workers.

The Statistics Canada analysis finds there are no labour shortages for jobs that require high levels of education, suggesting other factors, such as a mismatch in skills and pay, might be to blame for a high number of empty positions.