The Canadian Press

As pandemic business loan repayment deadline looms, calls for extending deadline grow

New Democrats and a business group are calling on the federal government to extend the deadline for small businesses to repay loans they received from a pandemic support program.

Bank of Canada expected to raise rates next week, despite rise in unemployment rate

The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain last month, forecasters are still expecting a rate hike next week.

Labour shortage in construction adding extra pressure to housing supply gap: experts

The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.

Businesses expect more, but slowing price, wage increases: Bank of Canada survey

Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.

Canadian economy holds steady in April as real GDP remains unchanged, StatCan reports

Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

Cannabis company Canopy Growth sells California facility, changes auditors

The cannabis company is selling some of its facilities as part of an organizational transformation announced last year to help cut spending.

Champagne maintains Canada’s approach to AI is ‘ahead of the curve’

Canada's industry minister says he thinks the country is "ahead of the curve" with its approach to AI, beating even the European Union.

Feds widen pathways for attracting tech talent

Ottawa wants to draw more tech talent to Canada and is expanding the pathways workers in the sector have to enter the country.

Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike

Statistics Canada says the country's inflation rate fell to 3.4 per cent in May — the lowest it's been since June 2021.

Shopify to fight CRA request for six years of merchant tax records: CEO

Shopify Inc.'s chief executive says the company will fight a request from the Canada Revenue Agency to turn over six years of records for Canadian stores using the firm's software.

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