The Canadian Press

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 as prefabrication and modularization or innovative new technology.

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 to pull the trigger this week.

‘Good news’: Nixing Canadian experience rule spells opportunity for foreign engineers

Professional Engineers Ontario has said that dropping the Canadian work experience requirement for licence applications moves it to a model focused on competency, rather than geography.

Cannabis price ‘race to the bottom’ hurts market’s future: OCS CEO

"Once you condition consumers to certain prices, it may take a generation to change perceptions and price tolerances," said David Lobo, Ontario Cannabis Store president and chief executive.

Ottawa well-equipped to weather storm as VCs adjust to new normal, BDC exec says

A new report says Canada’s venture capitalists are being more cautious with their investments after a historically frothy year in 2021 – but activity at Ottawa-based VCs should remain fairly steady thanks to their focus on seed and early-stage deals, an expert says.

What slowdown? Economy continues to outperform, raising odds of rate hike next week

The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.

Canopy Growth signs deal with Indiva for Wana brand of edible

Canopy Growth Corp. has signed a deal with Indiva Ltd. for the exclusive rights to manufacture and sell Wana branded edible products in Canada.

Shopify faces class action over severance offered to recently laid-off staff

A class-action lawsuit alleges Shopify reneged on a deal it offered some employees who were laid off in a recent round of cuts.

Competition Bureau recommends changing THC limits for edibles, easing pot packaging

New recommendations would ease restrictions on cannabis packaging and adjust THC limits in edible products.

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