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
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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.
No plans to roll back Ottawa’s economic reopening despite rising COVID-19 cases, Ford says
Ottawa reported 25 new cases of the novel coronavirus on Tuesday.
Five Canadian business stories to watch this week
Shopify holds Q2 earnings call Wednesday.
Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%
But experts say shoppers are likely to return to brick-and-mortar stores.
COVID-19 tracing app starts beta testing after three-week delay
Volunteers from Shopify were part of a team that developed the app.
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