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The Canadian Press
Five Canadian business stories to watch this week
A preview of some of the national business stories that will be making headlines in the days ahead.
Canadian economy posted record drop in second quarter due to pandemic
GDP contracted at an annualized rate of 38.7%, the worst posting for the economy dating back to when comparable data was first recorded in 1961.
‘We’re not out of this yet’: Canadian banks brace for uncertainty as recovery takes hold
The Big Six banks said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief.
Mark Carney joins Brookfield Asset Management
In his new role, Carney will spearhead an increasingly popular form of investing, focused on ESG – environmental, social and governance issues – as well
Scotiabank, BMO hit ‘high water mark’ as they set aside more cash for bad loans
Results offer first peek at how the last few months have transformed bank budgets, which have been under pressure since the pandemic began and financial
Cannabis drinks firm backed by Molson and Ottawa-based Hexo launches five new brands (updated)
Increasingly crowded marketplace also includes beverages from Canopy Growth and other producers.
Five Canadian business stories to watch this week
A preview of some of the national stories that will be making headlines in the days ahead.
Canadian retail sales top pre-pandemic levels
Pullback expected this fall and winter.
Kingston sees signs of recovery as students return
Post-secondary institutions provide an economic boost to the region.
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