The Canadian Press

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 as investments that yield both social and financial “impacts” or returns.

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 institutions started offering mortgage and other loan deferrals.

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.

After a summer homebuying frenzy, real estate braces for autumn uncertainty

Part of the fuel behind rising prices has been driven by a change in the real estate cycle

Update: Brockville 3M plant to produce N95 masks under $46.6M federal-provincial deal

Agreement will enable Eastern Ontario facility to produce up to 100 million N95 masks a year.

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