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The Great Return: Why Remote Work Is Fading for Many Canadians

  Over the past few years, remote work reshaped how Canadians lived and worked, offering flexibility, reduced commuting stress, and a better work–life balance. But that era is shifting. A growing number of employers across Canada are signalling that remote options—once seen as a permanent fixture—are gradually disappearing. Several factors are driving this change. Many companies argue that in‑person collaboration boosts creativity, strengthens team culture, and improves productivity. Some leaders also believe that physical presence helps with mentorship and career development, especially for younger employees who entered the workforce during the pandemic. Economic pressures are also playing a role. With businesses navigating uncertainty, some executives feel that having employees on‑site provides more oversight and operational stability. At the same time, commercial real estate vacancies have pushed organizations to make use of the office space they’re already paying for. For w...
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Inflation Falls in June for First Time Since 2020

A closely-watched report on US inflation revealed that consumer price increases cooled further during the month of June. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) declined by 0.1% over the previous month and increased just 3.0% over the prior year in June. This marks a deceleration from May’s flat month-over-month increase and the 3.3% annual gain in prices. Notably, it’s the first time since May 2020 that monthly headline CPI came in below 0%.

On a “core” basis, which excludes the more volatile costs of food and gas, prices in June climbed 0.1% over the prior month and 3.3% over last year—cooler than May’s data. Economists had expected a 0.2% monthly uptick in core prices and a 3.4% year-over-year increase.

The markets responded to this report, with the 10-year Treasury yield falling about 9 basis points to trade around 4.2%. While inflation has remained stubbornly above the Federal Reserve’s 2% target on an annual basis, recent economic data suggests that the central bank may consider cutting rates sooner than later. Markets are now pricing in a roughly 87% chance that the Federal Reserve will begin rate cuts at its September meeting.

This data adds to other rate cut signals across the labor market and economy. The labor market added 206,000 nonfarm payroll jobs last month, ahead of economists’ expectations. However, the unemployment rate unexpectedly rose to 4.1%, the highest reading in almost three years.

Notably, the Fed’s preferred inflation gauge—the core PCE price index—showed inflation easing in May, with a year-over-year change of 2.6%, in line with estimates and the slowest annual gain in more than three years.


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