The Canadian Press

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 gas prices.

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 of 2023.

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 the month.

RBC economists say recession could arrive as early as Q1 of next year

In a new report, the economists say the downturn won't hit households and businesses equally.

Cap on international students’ working hours should be lifted permanently: advocates

Immigration Minister announced the federal government would temporarily remove the 20-hour cap on the number of hours international students can work to address labour shortages.

Foot traffic steadily rising in Ottawa and other Canadian cities, new data shows

New data shows foot traffic in the nation’s capital is up 105 per cent as of the week of Sept. 19, making it the best-performing Canadian city over the past several months.
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