Venture debt in the spotlight amid tech downturn, falling valuations
Venture debt is handy for extending a company’s runway, making it popular as businesses navigate a downturn that has triggered mass layoffs, spending cuts and
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‘We will get back there’: Shopify exec promises return to profitability after loss
Shopify Inc.’s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability.
Bank of Canada raises interest rate by half percentage point, says more hikes to come
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point hike ahead of today’s decision.
Canopy Growth looks to grow U.S. business with new holding company structure
The company says the establishment of Canopy USA LLC will enable it to exercise its rights to acquire U.S. cannabis companies Acreage, Wanna and Jetty.
Canadian economy lost almost $13B due to manufacturing labour shortage: report
The penalties and loss of sales resulting from these issues totalled $7.2 billion, according to Canadian Manufacturers and Exporters’ (CME).
Bank of Canada expected to raise interest rates on Wednesday as recession fears grow
Wednesday’s announcement would make it the sixth consecutive time the Bank of Canada raises interest rates this year in response to decades-high inflation.
Canada’s hotter than expected inflation reading sets stage for another rate hike
In its latest consumer price index report, Statistics Canada said the slight deceleration from 7.0 per cent inflation in August is mostly attributed to lower
Conference Board predicts economic growth to slow to near standstill until spring
The think tank says it expects there will be essentially zero economic growth from the second half of this year through to the first quarter
Most consumers and businesses expect recession; views on inflation diverge: BoC
Consumers have become more pessimistic about inflation in the short run, while business expectations for inflation have eased.
CREA reports home sales in typically busy September continued to slow
Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for
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The Canadian Press
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