The Canadian Press

Wave of tech layoffs tips power back in favour of employers in sector

Members of Canada's tech industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.

Cannabis company Hexo regains compliance with Nasdaq’s minimum bid price requirement

Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it has regained compliance with minimum bid price requirements.

BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.

Ottawa council eyes future of Wellington Street nearly a year after ‘Freedom Convoy’

Ottawa Mayor Mark Sutcliffe says the city's transportation committee will vote on whether to extend the closure of Wellington Street next week.

Women’s tech collective Toast launches with aim to diversify hiring, reduce wage gaps

"Really our mission statement is to help women get to do the work that they want, at the pay that they deserve," Toast's chief executive said.

Lightspeed joins Shopify and others in a round of cost-cutting layoffs

Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.

Canada’s annual inflation rate slowed in December but grocery prices stayed high

In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a year ago.

CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.

More businesses expect sales to slip as high inflation, rates weigh on spending: BoC

The central bank released its fourth-quarter business outlook and consumer expectation surveys Monday, giving some insight into how high inflation and interest rates are affecting Canadian consumers and businesses.

As federal workers return to the office, some decry lack of direction, long commutes

Mona Fortier, the president of the Treasury Board, said the purpose of the hybrid work model is to increase collaboration between colleagues. But an internal document suggests there could be hiccups.

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