The Canadian Press

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.

Feds launch $10M program for small businesses in Indigenous tourism

The federal government has launched a $10-million program to provide grants to small businesses involved in Indigenous tourism across Canada.

Canopy Growth says Ontario court has approved sale of BioSteel business

Canopy Growth Corp. says an Ontario court has approved the sale of its BioSteel sports drink business in a pair of deals.

Small business owners call on government to take on Amazon, level playing field

An association representing 97,000 of Canada's small businesses is calling on Ottawa to do more to address Amazon.com Inc.'s dominance.

Workers at 17 No Frills stores in Ontario set Monday strike deadline

Almost 1,300 workers at 17 No Frills grocery stores in Ontario could be on strike next week, as the union that represents them has set a strike deadline of 12:01 a.m. on Monday.

Home sales slow in October as many buyers have already ‘gone into hibernation’: CREA

Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

Bad Boy Furniture aiming to restructure business as it faces ‘challenging’ economy

Bad Boy Furniture Warehouse Ltd. is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act.

Canadians should plan for higher interest rates in the long run, BoC’s Rogers says

Bank of Canada senior deputy governor Carolyn Rogers is warning interest rates might not return to the low levels people were used to before the COVID-19 pandemic.

Investments in public transit, housing headline Ottawa’s draft budget for 2024

The City of Ottawa released its 2024 draft budget Wednesday, a proposed $4.6-billion operational portfolio that keeps property tax increases capped at 2.5 per cent for the second year in a row.

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