The Canadian Press

BoC’s governing council split on whether interest rates need to rise further

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further.

Small businesses still hoping for CEBA loan forgiveness extension as time runs out

As the deadline to repay CEBA loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.

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.

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