Businesses’ changing credit usage a worrying trend: Equifax
New data suggests a significant shift in credit usage among businesses in the first quarter of 2023, Equifax Canada said.
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The Canadian Press
Canadian technology organizations form semiconductor working group
Several Canadian tech organizations are forming a group to advance the country’s semiconductor industry. The group is called the Semiconductor Industry Leadership and Innovation Canada
Housing affordability will deteriorate unless we act soon: CMHC chief economist
The CMHC is worried housing affordability will deteriorate unless the country acts on supply challenges and other housing measures soon.
Feds commit $25M to create Canada’s first-ever LGBTQ entrepreneurship program
The federal government has committed $25 million to create Canada’s first-ever LGBTQ entrepreneurship program, an investment one trailblazer called a “game-changer.”
May home sales, prices rise year over year as real estate market heats up
The Canadian Real Estate Association says home sales in May rose compared with the same month last year to post the first year-over-year sales increase
Shopify launches fight against ‘patent trolls’ and their funders, files Texas lawsuit
Shopify says it wants to push back against the trend of companies filing hundreds of patent infringement lawsuits against businesses every year, and is waging
Bank of Canada raises key interest rate amid stubbornly high inflation
As high inflation persists, the key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.
Fire & Flower files for court protection from creditors under CCAA
Cannabis retailer Fire & Flower Holdings Corp. says it has received a court order for creditor protection under the Companies’ Creditors Arrangement Act.
Construction companies say digital technology key to addressing labour shortages
Nine in 10 Canadian construction companies say they are dealing with a shortage of skilled labour or trades and may need to consider alternatives, such
BoC may have to raise interest rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada
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