The Canadian Press

Statistics Canada says country posted merchandise trade surplus for January

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.

WestJet Group to buy Sunwing Airlines amid turbulent global travel market

Canada & World

Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc.

Interest rate hike won’t cool housing, say experts

Residential

Housing experts say prospective homebuyers hoping Wednesday’s interest rate hike will cool the country’s heated real estate market will likely be disappointed.

UPDATED: Bank of Canada hikes key interest rate

Canada & World

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,

Some Ontarians cheer as COVID-19 restrictions lift, while others remain apprehensive

Eastern Ontario Business Journal

Mask mandates remain in place in Ontario, but businesses like gyms, cinemas and restaurants no longer need to check patrons’ vaccination status as of Tuesday.