The Canadian Press

Telecom companies discuss increased adoption of AI at annual conference

As Canada's telecom sector undergoes technological changes, artificial intelligence could be leveraged to predict and reduce network outages or change the way customer service is provided.

Canadian business insolvencies rise almost 42 per cent from last year

Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels.

Shopify reports strong profit amid lower head count, strategy shift

Shopify Inc.'s net income soared to US$718 million in its third quarter as the company benefited from a lower head count and a more careful approach to expenses.

Ontario scraps its portion of HST on purpose built rentals

The province has been saying it would remove its eight per cent portion of HST if the federal government dropped the five per cent goods and services tax on rental housing builds.

Forecasters more certain interest rate hikes are over as recession talk grows over GDP numbers

 The Canadian economy remained flat in August and a preliminary estimate from Statistics Canada suggests it shrank in the third quarter.

St. Lawrence Seaway traffic starts moving as strike ends, but backlogs persist

The St. Lawrence Seaway Management Corp. says ships are expected to start moving this morning after it reached a tentative deal with Unifor to end a strike by workers that brought the system to a halt.

Sleep Country to give Silk & Snow acquisition first brick and mortar presence in new Ottawa store

The mattress and bedding retailer says its latest Sleep Country location in Ottawa will be anchored by a shop dedicated solely to Silk & Snow.

Home sales, prices will likely fall in short term but pick up next spring: TD report

A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.

Major drink brands launch more non-alcoholic drinks as ‘sober curious’ trend grows

As interest in non-alcoholic drinks grows, major alcohol brands are making moves with sober versions of well-known products like Guinness and Tanqueray gin.

BoC holds key interest rate at 5%, keeps door open to more hikes in case of sticky inflation

The Bank of Canada held its key interest rate steady at five per cent today, noting there are clearer signs of the economy cooling and inflation easing.

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