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.
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Competition Bureau launches probe of Amazon, seeks input from businesses
Review to look at whether Amazon policies impact sellers’ willingness to offer their products at a lower price on other retail channels, such as their
Hobo Cannabis renamed Dutch Love after backlash; opening third Ottawa location
Centretown location follows opening of stores in ByWard Market and on Merivale Road.
Ottawa consulting firms, industry heavyweights invited to design federal firearm buyback program
Businesses asked to come up with a “range of options and approaches” for the planned program to compensate gun owners.
CAE to lay off 350 employees, mostly in Canada, as Q1 revenue drops by a third
About 200 of the layoffs will be at the flight simulator maker’s headquarters in Montreal, with the other 150 occurring across its civil training network
Canopy Growth reports $128M net loss in Q2 as recreational pot sales dip
Smiths Falls-based company says recreational sales fell when it was forced to close its 22 stores until mid-May during the COVID-19 crisis.
Five Canadian business stories to watch this week
StatsCan to release new home price index on Wednesday.
Feds to create EI-like benefit for gig, contract workers, extend rent relief program
The $80-billion Canada Emergency Response Benefit is set to wind down over the coming weeks, with those who are EI-eligible to start drawing assistance that
DavidsTea to shrink network to 18 stores in Canada after renegotiating leases
Move comes after chain closed 82 other stores in Canada and all 42 of its stores in the U.S. in early July to focus on
Take commercial landlords ‘out of the equation’ for rent relief: CFIB
Business organization says the bar to qualify for rent relief has also proven to be too high for businesses.
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