The Canadian Press

Canada’s tech industry experiencing shift away from remote work

While companies in other industries are mandating workers return to the office, the tech sector's shift is notable—and even shocking to some—because the industry was an early champion of remote work.

Economists see Bank of Canada holding on rates after surprise GDP contraction

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end.

Online News Act could see Google, Meta pay combined $230 million to Canadian media

The federal government has put a price tag on how much it would like to see Google and Meta spend under an act requiring the tech giants to compensate media for news articles.

Canadian pot stocks climb on reports that U.S. may ease cannabis restrictions

Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance.

Shopify shares rise after deal with Amazon to integrate ‘Buy with Prime’ in Shopify stores

Shopify Inc. has reached an agreement with rival Amazon.com Inc. that will allow Shopify merchants to embed Amazon's logistics capabilities within their Shopify stores.

Kimberly-Clark pulling Kleenex tissues from store shelves in Canada

U.S. manufacturer Kimberly-Clark says its Kleenex consumer facial tissue business is leaving Canada this month.

Return of live shows after COVID closures revived performing arts industry: StatCan

A new report from Statistics Canada says the return of live shows and events after pandemic restrictions revived the country's performing arts industry in 2022, with significant revenue and salary growth in specific sectors.

Report says fintech investments down in first half of 2023 as valuations tumble

A report by KPMG in Canada says investment in Canadian fintech companies plunged in the first half of the year as valuations fell to levels not seen since the beginning of the pandemic.

Canopy Growth to sell Smiths Falls facility back to Hershey Canada for $53M

The Hershey building in Smiths Falls is headed back into the hands of the company that made...

Ottawa’s Trillium LRT line newly delayed, won’t open until November at earliest

A public transit official says in a memo to Ottawa's mayor and city council that a date for the opening of the north-south Trillium Line LRT won't be announced until the project is transferred from the builder to the city.

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