Bank of Canada cuts growth forecast for 2021, reduces bond buying target
The central bank said it expects the economy to grow 6% in 2021, down from its previous forecast of 6.5%
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The Canadian Press
‘Buy local’ mindset on the rise as consumers, distributors seek food security
Higher shipping costs are making nearshoring and onshoring much more attractive.
Porter to fly new jets on Ottawa routes amid major expansion
Added competition stemming from the carrier’s growth to Toronto Pearson airport will be good news for travellers, analyst says
Five Canadian business stories to watch this week
A preview of some of the national business news that will be making headlines in the coming days.
Black-owned restaurateurs expect long recovery times from pandemic lows
Black entrepreneurs say they face extra challenges in an industry notorious for low margins, high staff turnover and long hours.
The project also proposes new high-frequency rail stations along the corridor and plans to reduce trip times by 25 per cent.
Shopify to launch new revenue-share model, faster transactions as competition grows
Ottawa firm says that as of Aug. 1 it won’t take any share of the first $1 million in revenue developers make every year on
Ottawa Centre MP McKenna won’t seek re-election, plans to focus on family and climate change
Minister McKenna says as she leaves politics she will use what platform she has to push for climate action and an end to the hateful
Cannabis company Hexo reports $20.7M Q3 loss, revenue edges higher
Ottawa-based firm’s net revenue totalled $22.7 million, up from $22.1 million in the same quarter last year.
Air Canada to recall 2,600 workers as demand for travel bounces back
Move fuelled by increase in vaccinations, decline in COVID-19 cases and easing of governments restrictions.
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