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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The Canadian Press
Canopy Growth reports $1.3B Q4 loss; plans to tighten focus on select markets
‘Being first isn’t a sustainable strategy’
Huawei’s ambitions for Canada stalled by rift with China, security expert says
Huawei has a major research and development centre for 5G and 6G technology in the National Capital Region, where several hundred people work at its
BMO, RBC Q2 profit down as provisions for credit losses soar
RBC and BMO both missed analyst’s profit expectations, but National and Scotiabank beat what was forecast for them.
Five Canadian business stories to watch this week
Canopy Growth’s fourth-quarter results, bank earnings and new GDP figures are among the stories expected to make headlines in the days ahead.
Shopify to keep offices closed until 2021 as firm shifts to permanent remote-work mode
Shopify’s chief executive says the company’s offices will remain closed until 2021, and that most employees will permanently work remotely. Tobi Lutke made the announcement
Ottawa’s inflation rate grinds down to 0.8% in April
The national drop in inflation in April was fuelled by a 39.3 per cent plunge in gasoline prices, the largest year-over-year decline on record.
Wu-Tang Clan raise money for ‘A Better Tomorrow’ for local charities
The New York City-based rap collective announced its official partnership with the Children’s Hospital of Eastern Ontario, the Ottawa Food Bank and the Ottawa Mission
Some businesses wary about reopening as Ontario eases COVID-19 restrictions
Quebec removing police checkpoints that limited non-essential traffic between Ottawa and Gatineau.
Five Canadian business stories to watch this week
A preview of some of the national business stories that will be making headlines in the days ahead.
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