The Canadian Press

Ottawa hotel among 14 properties Morguard selling for $410 million

A west-end Ottawa hotel is among 14 lodgings Morguard Corp. is selling to an undisclosed buyer for...

Economists see ‘turning point’ in housing market this year as interest rate cuts loom

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

Ottawa-Gatineau’s unemployment rate remains 4.6% in December

Ottawa-Gatineau’s job creation engine stalled in December as the unemployment rate held steady at 4.6 per cent...

Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon

The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada.

‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk

It's poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for long-term investors.

Tim Hortons reveals which three doughnuts will join Dutchie in returning to menu

Canadians who have missed being able to buy blueberry fritters, cinnamon sugar twists and walnut crunch doughnuts at Tim Hortons are in luck.

Odds of another rate hike have fallen, BoC governing council agreed as it held rate

The odds of another rate hike have decreased, the Bank of Canada's governing council agreed during discussions ahead of its most recent interest rate decision.

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Canada's annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled.

Canopy Growth sells This Works skin care brand to U.K. investment firm

Smiths Falls, Ont.-based cannabis company Canopy Growth says the deal with Inspirit Capital is valued at up to $15.9 million.

Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls

Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation.
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