The Canadian Press

Statistics Canada says wholesale sales rose 4.2 per cent in January

Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal

Average Ottawa home price up 16% from February 2021 to more than $730K, industry group says

Residential

The average price in the nation’s capital last month was $730,300, according to the Canadian Real Estate Association, up from $630,000 in February 2021.

Statistics Canada says higher prices helped manufacturing sales edge up in January

Canada & World

Statistics Canada says manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal

ESG investors taking closer look at portfolios amid war in Ukraine

Canada & World

The war in Ukraine is forcing investors, especially those who prioritize environmental, social and governance (ESG) factors, to take a closer look at the stocks

Ontario to lift most mask mandates March 21, remaining public health orders April 27

Eastern Ontario Business Journal

Ontario is removing most mask mandates on March 21, including in schools, and is ending all remaining public health orders a month later, shifting the

Supply chain woes slashing Canadian manufacturing, hurting small businesses

Canada & World

A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.

Statistics Canada says country posted merchandise trade surplus for January

Canada & World

Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in

Higher interest rates could dim valuations for VC backed startups in Canada: experts

Canada & World

Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away. On Wednesday,

Macklem says Bank of Canada needs to raise rates to moor inflation expectations

Canada & World

Top central banker says raising bank’s benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the

Cannabis company Tilray Brands strikes deal to buy stake in Hexo, create joint venture

Ottawa

Under the agreement announced Thursday, Leamington-based Tilray will acquire up to US$211 million of senior secured convertible notes that were issued by Gatineau-based Hexo.