The Canadian Press

Ottawa to host world junior hockey championship for first time in 16 years

The world junior hockey championship is returning to the nation’s capital: Hockey Canada has announced that Ottawa will host the tournament from Dec. 26, 2024

Retail sales grow 1.1 per cent in April as consumer resiliency continues

Ottawa, Retail

Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an economically challenging environment but that momentum is expected

Businesses’ changing credit usage a worrying trend: Equifax

Canada & World, Top Stories

New data suggests a significant shift in credit usage among businesses in the first quarter of 2023, Equifax Canada said.

Gordon Harling is the president and chief executive of CMC Microsystems semiconductors

Canadian technology organizations form semiconductor working group

Techopia

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

Residential, Real Estate

The CMHC is worried housing affordability will deteriorate unless the country acts on supply challenges and other housing measures soon.

2SLGBTQI+ flag business entrepreneurship

Feds commit $25M to create Canada’s first-ever LGBTQ entrepreneurship program

Ottawa

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

Real Estate, Residential

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

Ottawa, Techopia

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

Canada & World

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

Ottawa

Cannabis retailer Fire & Flower Holdings Corp. says it has received a court order for creditor protection under the Companies’ Creditors Arrangement Act.