The Canadian Press

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 falling valuations across the sector.

Shopify Inc.'s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability.

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.

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.

The penalties and loss of sales resulting from these issues totalled $7.2 billion, according to Canadian Manufacturers and Exporters' (CME).

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.

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 gas prices.

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 of 2023.

Consumers have become more pessimistic about inflation in the short run, while business expectations for inflation have eased.

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 the month.