The Canadian Press

Body Shop Canada files for bankruptcy protection, plans restructuring

The Body Shop Canada Ltd. says it will close 33 stores, including three stores local to Ottawa, and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act.

Canada averts recession with meagre growth in Q4, consumers and businesses pinched

The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.

Canada’s AI reputation at risk if it doesn’t speed up adoption: tech community

Members of Canada's tech community say they're worried the country is adopting AI too slowly, threatening its reputation as a leader in the sector, if the trend persists.

Loblaw spending more than $2B to build more than 40 new stores, renovate hundreds

Loblaw Cos. Ltd. announced Tuesday the record investment plan, which includes the expansion and relocation of 10 stores and renovations at 700 locations across its banners.

‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January

Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.

‘No longer viable’: Ontario electronics retailer Factory Direct to liquidate stores

Court documents show Factory Direct wanted to close its 14 stores in the province because it has found the business is "no longer viable."

January home sales rise as markets tighten but prices still softening: CREA

The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021. 

Holiday shopping, Black Friday hands Shopify US$657M Q4 profit and 24% revenue growth

A flurry of holiday sales saw Shopify Inc. end 2023 with strong revenue growth and profits even...

CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec

CPA Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization.

Cannabis company Canopy Growth reports $216.8M Q3 net loss

Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier.

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