The Canadian Press

For Harley Finkelstein, Black Friday and Cyber Monday are akin to the Super Bowl

This year, the e-commerce heavyweight expected the Black Friday and Cyber Monday sales period to be just as frenzied, but something will be different: shoppers’ moods.

Mastermind Toys obtains creditor protection, wants permission to close some stores

Mastermind Toys, which has three Ottawa locations, says it has obtained an initial order for creditor protection as it faces financial challenges and a slowing economy.

Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.

Freeland’s fiscal update pledges new guardrails to keep deficits in check

Finance Minister Chrystia Freeland presented her fiscal update in the House of Commons on Tuesday, stressing the pressure inflation and a slowing economy are putting on federal finances.

Statistics Canada says annual inflation rate slowed to 3.1% in October

The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell, Statistics Canada said Tuesday.

Bad Boy Furniture gets Ontario court approval to start liquidation sale

An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores.

Fiscal update includes loans for housing developers, affordable housing fund: source

Finance Minister Chrystia Freeland is set to present the fall economic statement on Tuesday, a document that will make billions in loans available for homebuilders and earmark a fund for affordable housing.

Canadian Chamber of Commerce forms AI council with members including Amazon, Google

The chamber says the council will advocate for government policies to be centred on the responsible development, deployment and ethical use of AI in business.

CRA claws back $458 million in pandemic era wage subsidies after partial audit

The CRA has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program after a partial audit.

Economists expect inflation slowed again in October as high interest rates take hold

Forecasters anticipate Canada's inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly.

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