Empire plans 20 new Farm Boy locations across Ontario
Sobeys and Safeway owner also plans more e-commerce investments planned across network.
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The Canadian Press
Ottawa inflation rate accelerates to 1.2%
Nationally, June inflation rate turns positive amid early stages of economic reopening
Walmart to renovate Cornwall distribution centre as part of $3.5B Canadian investment
Walmart Logistics arrived in Cornwall in 1999 and currently operates two distribution centres, each 1.5 million square feet in size, in the city.
Automotive sector helps Canadian retail sales surge 18.7% in May: StatsCan
Sales were buoyed by government income-support programs and consumers satisfying pent-up demand – both of which could fade in the second half of the year,
Five Canadian business stories to watch this week
A preview of some of the national business news that will be making headlines in the days ahead.
Liberals revise COVID-19 wage subsidy, ease eligibility in bid to boost takeup
Amounts paid out will be proportional to revenue declines due to the COVID-19 pandemic.
Gyms, theatres among those cleared to reopen as Ottawa, much of Ontario, enters next reopening stage
Ford says the next phase of economic recovery suggests the province is turning a corner after feeling the ravages of the global pandemic.
BDC to give $160M to IP-rich companies struggling to access capital
Fund will target scaling companies in knowledge-based industries with rich IP portfolios including patents, design and trade secrets and at least $1M in annual revenue.
Bank of Canada holds rate, forecasts decline in GDP of 7.8% this year
Outlook is less rosy than those the Trudeau Liberals relied on in their economic update released a week ago.
Huawei hopeful it can provide 5G to Canada despite Trump pressure, U.K. ban
Huawei has a major research and development centre for 5G and 6G technology in Ottawa, where several hundred people work at its Kanata-based research facility.
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