The Canadian Press

Winning a Stanley Cup primary goal of Ottawa Senators new owners

About this time last year, Michael Andlauer walked off his plane and into the car of Ottawa business mogul Jeff York. They drove to a nearby hotel-lobby steakhouse where the men spoke for four hours. A year later, the Ottawa Senators entire ownership pyramid is bonded by a singular goal.

Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO

The PBO says higher interest rates will lead the economy to stagnate in the second half of the year, while the federal deficit rises significantly this fiscal year.

From high flying to burnout, cannabis industry faces downturn five years post-legalization

Cannabis legalization has had wide-reaching effects and made its use more accessible and acceptable. Yet the razzle-dazzle days where money was no object and sky-high demand was expected are gone, replaced by a sobering reality: legalization has fallen well short of expectations.

Macklem says BoC will have to decide whether to be patient or to raise rates further

Bank of Canada Governor Tiff Macklem says the central bank will be deciding whether to exert patience at its next rate meeting or hike rates further.

Canadian Real Estate Association cuts forecast for home sales and prices this year

The Canadian Real Estate Association is lowering its forecast for home sales and prices this year due to weakness in Ontario and B.C.

U.S. tech workers make 46 per cent more than Canadian counterparts: TMU study

A new study says U.S. tech workers are paid 46 per cent more on average than their Canadian counterparts.

Cannabis Act review finds companies struggling to profit, health experts supportive

A review of the federal legislation that paved the way for the legal recreational use and sale of cannabis says companies in the legal market report struggling to realize profits and maintain financial viability.

‘Pawns in this chess game’: Questions remain about CPA Canada split

The two departing organizations say the unification of the accounting profession will not be undone, and that they're doing what's best for their members, but CPA Canada says the decision puts the profession at risk.

AI pioneer Geoffrey Hinton says the world is heeding warnings about the technology

Months after artificial intelligence luminaries began ringing alarm bells about the technology's risks, one of the field's pioneers says he feels like people are listening.

Competition intensity has decreased over last two decades, Competition Bureau finds

Competition Bureau commissioner Matthew Boswell says new research from the bureau finds the competition intensity in the country has decreased over the last two decades.

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