The Canadian Press

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.

Ontario to lift most mask mandates March 21, remaining public health orders April 27

Ontario is removing most mask mandates on March 21, including in schools, and is ending all remaining public health orders a month later, shifting the onus of protection from COVID-19 to individuals.

Supply chain woes slashing Canadian manufacturing, hurting small businesses

A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.

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 December.

Higher interest rates could dim valuations for VC backed startups in Canada: experts

Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple...

Macklem says Bank of Canada needs to raise rates to moor inflation expectations

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 country.

Cannabis company Tilray Brands strikes deal to buy stake in Hexo, create joint venture

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.

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