The Canadian Press

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, economist says.

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.

Canada, U.S. expected to extend mutual travel ban into late August

Canada-U.S. border has been closed to "discretionary" travel like vacations and shopping trips since the pandemic took hold of the continent in mid-March.