The Canadian Press

Federal housing agency says growth was driven by increases in both the value and volume of uninsured mortgages for property buying and refinancings.

The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly raising rates, it could cause significant "collateral damage," including 850,000 job losses.

Central bank says businesses' expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous survey.

Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.

Under the agreement with a limited number of noteholders, the Smiths Falls-based cannabis company will acquire the 4.25 per cent unsecured convertible senior notes due in 2023.

"Collaborations let us leverage other people's creativity by allowing them to play around with our iconic outerwearpieces."

Ng paid tribute to First Nations' businesses and said support would be offered by the government to help these companies, including those from Nunavut and remote communities, access international markets.

Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing, CMHC says.

The Bank of Canada said in a study Monday that the closure of many downtown services coupled with a desire for more living space increased demand for homes in suburban areas.

At a new, semi-annual showcase called Shopify Editions on Wednesday, the Ottawa e-commerce giant laid out more than 100 product updates made over the last six months, including several that launch this week.