The Canadian Press

$491B federal budget invests heavily in green economic transformation

The 2023 federal budget promises "transformative investments" in Canada's green economy as the country tries to maintain its place in the global clean tech revolution and realign its supply chains toward allies who won't use energy as a political weapon.

Canada heading into ‘mild recession’ as tight monetary policy squeezes growth: Report

New research says Canada is heading into a mild recession as elevated borrowing costs, a downturn in the U.S. and persistent inflation dial up the country's economic uncertainty.

These are the three things you should expect in the federal Liberals’ upcoming budget

The federal Liberal government is expected to release its budget for the 2023-24 fiscal year on Tuesday: Here's a look at three big things to expect.

Ottawa craft breweries brace for Canada’s biggest alcohol tax jump in 40 years

Canada's restaurant industry is bracing for the biggest jump in the country's alcohol excise duty in more than 40 years, spurring warnings the tax hike could force some bars and restaurants out of business.

St. Lawrence Seaway shippers eye EV materials, but grain and ore remain the staples

Shippers who ply the St. Lawrence Seaway view critical minerals for electric vehicle batteries as key to their future — but it could be a while before the floodgates open on Canada's largely untapped reserves.

BlackBerry strikes new deal to sell portfolio of non-core patents

BlackBerry Ltd. has signed a deal to sell a portfolio of what it says are non-core patents related to mobile devices, messaging and wireless networking in an agreement that could be worth up to US$900 million.

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

Statistics Canada said Tuesday its consumer price index in February was up 5.2 per cent compared with a year earlier.

Ontario court permits Nordstrom Canada to liquidate closing stores

Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations.

Cannabis ‘price war’ could cause ‘significant’ damage to industry: HEXO CEO

Hexo Corp.'s chief executive says he's seen a "price war" take shape over the last five months that could cause "significant" damage to Canada's cannabis industry.

Pornhub owner MindGeek purchased by Ottawa-based private equity firm

A new private equity firm based in Ottawa says it has acquired the company behind one of the world's largest pornography site, Pornhub.

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