The Canadian Press

The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.

Canada's premiers have sent a joint letter to Prime Minister Justin Trudeau asking the federal government to extend the repayment period for a year for interest-free loans given to small businesses and non-profits during the pandemic.

Unifor says workers at the St. Lawrence Seaway Corp. are ready to strike as of midnight Saturday.

A survey by EY shows 81 per cent Canadian companies experienced at least 25 cyberattacks over the past year, compared to 73 per cent of respondents globally.

Statistics Canada says the annual inflation rate slowed to 3.8 per cent in September as prices year-over-year rose more slowly across the economy.

The Bank of Canada says its business outlook survey indicator fell in the third quarter as companies expect sales growth to slow over the coming year.

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.

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.

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.

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.