The Canadian Press

Prime Minister’s official residence in Ottawa becoming a costly ‘debacle,’ say Conservatives

No one expects the NCC to decide the fate of the building until after the October election, says Heritage Ottawa

Bank of Canada lowers qualifying rate used in mortgage stress tests

The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years

Study says rents in most cities are unaffordable for lower income earners

A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country's rental market that also raises questions about a promised federal rent-supplement program

Ottawa’s annual inflation rate settles to 1.9% in June

Ottawa’s annual rate of inflation rose at roughly the same rate as the rest of the country in June, as both figures came down from a spike the month before

Cannabis venture capital firm Canopy Rivers reports $1.8 million Q4 loss

Canopy Rivers, the venture capital arm of Smiths Falls-based cannabis company Canopy Growth, swung to a loss in its latest quarter as its operating expenses soared

Five Canadian business stories to watch this week

June's inflation numbers are among the stories to keep an eye on this week in Canadian business

Controversial Chateau Laurier expansion not good enough, McKenna says

Ottawa Centre MP Catherine McKenna wants the owners of the iconic Chateau Laurier by Parliament Hill to...

Bank of Canada holds interest rate, warns of drag from global trade tensions

The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with global trade conflicts

Five Canadian business stories to watch this week

Housing starts data, an interest rate announcement from the Bank of Canada and earnings from Couche-Tard are all slated for this coming week

Ontario commissioner recommends updating privacy laws to prepare for smart cities

Ontario's information and privacy commissioner is calling on the provincial government to review and modernize its privacy laws to prepare for the 'risks inherent' with smart cities

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