The Canadian Press

Tony Staffieri faced questions from MPs about whether a lack of competition in the telecom sector might have contributed to the massive Rogers outage earlier this month.

While money poured into startups as stocks soared and people sought technology to work from home during the first two years of the pandemic, cash isn't flowing in the same way now.

TD chief economist Beata Caranci said inflation today might feel especially challenging because Canadians have been shielded from inflation volatility for decades.

The increase in the consumer price index for the month was largely due to gasoline prices, which shot up by more than 50 per cent from with a year ago.

Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.

The association revealed Friday that June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.

Ottawa and Ontario have reached a deal with a global materials technology and recycling group to build a new battery component facility in the province's Loyalist Township that will supply parts for electric vehicles.

As Canadians face a double whammy of skyrocketing inflation and the largest interest rate hike seen in 24 years, one expert is warning that prices won't be coming down anytime soon.

The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since August 1998.

One former telecom executive says there is the risk of creating a situation where a competitor's network becomes overwhelmed and service is ultimately degraded.