The Canadian Press

UPDATED: Cannabis firm Canopy Growth to lay off 800, close Smiths Falls HQ

The Smiths Falls-based cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over the next several months.

Hot economy, inflation were at crux of BoC’s last rate decision: summary

The Bank of Canada's governing council ultimately decided to hike its key interest rate last month because of ongoing strength in the economy and inflationary pressures.

Canadian business insolvencies up 37.2 per cent in 2022, consumer insolvencies up 11.2 per cent

The number of insolvencies filed by Canadian companies is up — and at least one business organization predicts that figure will keep growing.

Union files complaint against CRA over work-from-home rules

A union representing federal public servants has filed a bad-faith bargaining complaint against the Canada Revenue Agency.

Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem

Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.

Meet me in the metaverse: Some companies set up shop in a digital environment

A growing group of companies is setting up offices in a virtual world called the metaverse to push the envelope and learn more about the emerging technology.

Extreme cold weather in Ottawa leaves Winterlude outdoor activities cancelled

The city's annual winter festival is off to a cold start and has decided to cancel numerous outdoor events.

Immigration increase alone won’t fix the labour market, experts say

With the unemployment rate at historic lows, many companies are "starved" for workers, and new immigrants will help fill some of the need, some experts say.

Canadian economy grew slightly in November, expected to slow further

The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to slow spending.

New alcohol recommendations could speed up changing drinking habits, businesses say

New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular.
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