The Canadian Press

Bank of Canada likely to mirror 0.75% Fed hike next month: economists

The U.S. bank authority announced the Wednesday move will shift the country’s benchmark rate to a range between 1.5 per cent and 1.75 per cent

May home sales down 22% since last year, 9% from April: CREA

Residential

Economists attribute much of the cooling to rising interest and mortgage rates.

Pot company Hexo’s restructuring to include loss of 450 jobs, Belleville facility closure

Ottawa

Gatineau-based marijuana producer says in financial filings that the reduction will result in annualized savings of $30.6 million and is meant to simplify its organizational

Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says

Canada & World

While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel

Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says

Canada & World

While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel

Bank of Canada says economy can handle higher rates despite household debt risks

Canada & World

High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can handle the rising interest rates needed

Retailers’ renewed confidence in brick and mortar fuelling surge in commercial leases

Canada & World

Ottawa-born BeaverTails is among the chains that are looking to expand their national footprints as consumers start shopping and eating out in greater numbers.

Shopify releases shareholder vote tally on proposal to give CEO key voting rights

Techopia

Company says 53.68 per cent of shareholders, excluding founder and chief executive Tobi Lütke, voted in favour of a plan to grant him key voting

Shopify shareholders approve new voting rights for CEO Tobi Lütke, stock split

Techopia

Move ensures Lütke, his family and affiliates will hold 40 per cent of the e-commerce software giant’s voting power.

Canadian tech community braces for possible downturn as stocks fall, inflation rises

Canada & World

Members of Canada’s tech sector say that anxiety is being felt across the industry as rising interest rates and 30-year inflation highs weigh on businesses.