City of Ottawa declares state of emergency due to flooding threat
Ottawa Mayor Jim Watson has declared a state of emergency over flooding along the Ottawa River and other waterways. In the declaration, the mayor’s office
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The Canadian Press
Bank of Canada holds interest rate, drops growth forecast for 2019
The Bank of Canada kept its key interest rate unchanged Wednesday as it downgraded its 2019 growth forecast based on its prediction the economy nearly
Gatineau-based Hexo among firms pushing for different cannabis beverage rules
A group of alcohol and cannabis companies have formed an industry alliance to push for changes to proposed rules governing pot-infused beverages before edibles become
Former U.S. president Barack Obama to visit Ottawa in May
Former U.S. president Barack Obama is set to visit the nation’s capital next month for a question-and-answer session. The event, hosted by the progressive think-tank
Toronto developer Carmine Nigro named new LCBO chair by Ontario government
A Toronto-based developer has been named the new chairman of the Liquor Control Board of Ontario. Carmine Nigro, the president of Craft Development Corp., is
Canadian Armed Forces called in to sandbag Gatineau floods
More than 600 Canadian soldiers have fanned out across Quebec, including parts of the National Capital Region, filling and stacking sandbags as officials warn that
Five Canadian business stories to watch this week
CP Rail results CP Rail CEO speaks with investors after releasing first-quarter financial results on Tuesday. Analysts on average expect the railway to report a
Ontario’s challenge of carbon pricing law wraps up; judges reserve decision
Ontario’s constitutional challenge to the federal government’s imposition of a carbon charge was left in the hands of five Appeal Court justices on Thursday after
Canopy signs US$3.4B deal to buy N.Y.-based Acreage Holdings if pot legal in U.S.
Canopy Growth Corp. has struck a deal to buy U.S. company Acreage Holdings Inc. for US$3.4 billion, but only if cannabis becomes federally legal in the
Linton expects Canopy Growth to hit revenues of $1B in fiscal 2020
Canopy Growth Corp.’s co-chief executive says he is expecting a “growth quarter” ahead and foresees the cannabis company will generate $1 billion in revenue during
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