The Canadian Press

Canada Goose launches second-hand, trade-in program in Canada

The Toronto-based, luxury apparel company announced Thursday that it is bringing Generations, a platform allowing consumers to shop for and trade in pre-loved pieces from the brand, to Canada.

BoC mindful of not overdoing interest rate hikes, summary of deliberations reveals

The Bank of Canada says it's trying to not raise interest rates more than it has to, as members of the governing council are mindful of the risks associated with raising rates too much.

Shopify dives deeper into AI with new products, including chatbot for merchants

Shopify's AI tool kit is now expanding to include Sidekick, a chatbot the company's merchant customers can use to ask questions about business operations.

Canadian Chamber of Commerce joins calls for extension of CEBA repayment deadline

The Canadian Chamber of Commerce and a coalition of industry associations have joined calls to extend the deadline for small businesses to repay pandemic loans received through the CEBA program.

Consumer spending to soften in second half of 2023: Canadian Chamber of Commerce

While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said.

Canadian movie theatres brace for film release slowdown as Hollywood strikes continue

Canadian movie theatre owners say they're nervously watching for developments in dual Hollywood strikes and plan to show more classics, cult favourites and live events if the labour disruptions stretch on.

Canada’s inflation rate tumbles to 2.8% in June even as grocery prices remain high

Statistics Canada says Canada's inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada's target range for the first time in more than two years.

Cannabis company Canopy Growth signs deals with lenders to reduce debt

Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months.

CREA downgrades home sales forecast as interest rates weigh on buyers

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

BoC raises key interest rate to 5%, expects slower return to inflation target

The Bank of Canada raised its key interest rate by a quarter of a percentage point this morning, bringing it to 5 per cent.

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