The Canadian Press

Canada’s inflation rate fell to 2.5% in July, lowest since March 2021

Canada’s annual inflation rate fell to 2.5 per cent last month, matching forecasters’ expectations as price pressures continue to retreat.

Economists expect July inflation data to set the stage for more rate cuts

Canada's inflation rate likely took another dip last month, according to economists who expect the Bank of Canada to continue cutting interest rates throughout the fall.

Cannabis company Canopy Growth says chief executive David Klein to retire next year

Canopy Growth says Klein will call it quits at the end of the company's current financial year on March 31, 2025.

Housing market fairly stable in July, conditions growing for more active market: CREA

Canada's housing market softened slightly in July from a month earlier as sales of existing homes dipped and new listings inched up, the Canadian Real Estate Association said.

Canopy Growth reports $127.1M Q1 loss, revenue down from year ago

Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined.

Shopify weathering softening consumer spending with diversity of merchants: president

Shopify Inc.'s president has heard retailers talking about softening consumer spending but feels his company is weathering the storm well because of the diversity of its merchants.

BoC’s Macklem says he wants growth to pick back up as bank cuts key rate again

The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts.

Markets bet on second Bank of Canada interest rate cut coming this week

Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing.

Canadian tech firms think capital gains policy change will hinder industry: survey

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a negative effect on the industry.

Extreme weather hit profits at over half of Canadian businesses: survey

The survey of 350 business owners and executives by KPMG in Canada found 92 per cent fear their company will feel the impacts of extreme weather, including 67 per cent being either extremely or very concerned.

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