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.
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The Canadian Press
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.
Canopy Growth CEO ‘really bullish’ on U.S. pot legalization after recent reforms
Smiths Falls-based cannabis firm reported a net loss of nearly $700 million in its fourth quarter, down from a loss of $1.3 billion in the
TekSavvy won’t bid in wireless auction, may raise prices after CRTC rate decision
The CRTC reversed a 2019 decision that lowered the rates smaller providers such as TekSavvy pay to piggyback on the networks of larger cable and
Banks face questions about deploying cash as they ease up on reserve building
Executives from the country’s most prominent banks faced questions from analysts Thursday about what they’d do with all the cash they are sitting on.
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