The Canadian Press

Cannabis company Hexo hit by one-time charges, reports $690.3M net loss

Hexo Corp. reported a net loss of $690.3 million as it recorded $616 million in one-time impairment charges in its latest quarter as it worked to turn around the cannabis business.

Canadians cutting back spending on groceries, restaurants as inflation rises: poll

A new poll suggests Canadians are looking for ways to cut back on spending as their concerns about the cost of living rise alongside headline inflation rates.

Retail sales rose 3.2% in January amid Omicron surge, StatCan reports

Statistics Canada says retail sales rose 3.2 per cent to $58.9 billion in January, helped by higher sales at new car dealers to start the year.

Social norms will take time to establish as more workers head back to offices

Along with anxiety about commuting times and corporate vaccination policies come questions over what professional behaviour looks like in 2022.

Under headline jobs figures, report finds pockets of weakness in rebound for women

A new report says women's historically high numbers in the country's labour force remain below where they might have been if COVID-19 had never occurred.

Fed begins inflation fight with key rate hike

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.

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 and household goods, and machinery, equipment and supplies.

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

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

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 sector to a record high and lift wood product sales higher.

ESG investors taking closer look at portfolios amid war in Ukraine

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 and other assets they hold, whether individually or through funds.

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