Ericsson, Nokia land 5G contracts from Canadian telecom firms
Contracts are seen by some to be a major hit to Huawei’s ambitions to be a player in Canada’s 5G network.
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The Canadian Press
Ottawa facility part of Bell Canada’s deal to sell 25 data centres for $1.04 billion to Equinix
The Bell deal will add 25 data centres at 13 locations in eight cities.
Ontario makes temporary change to layoff regulations to help businesses
Government is expected to announce today that it will amend the Employment Standards Act, which requires businesses to terminate employees who have been laid off
Five Canadian business stories to watch this week
A preview of some of the national stories that will be making headlines in the days ahead.
Canopy Growth reports $1.3B Q4 loss; plans to tighten focus on select markets
‘Being first isn’t a sustainable strategy’
Huawei’s ambitions for Canada stalled by rift with China, security expert says
Huawei has a major research and development centre for 5G and 6G technology in the National Capital Region, where several hundred people work at its
BMO, RBC Q2 profit down as provisions for credit losses soar
RBC and BMO both missed analyst’s profit expectations, but National and Scotiabank beat what was forecast for them.
Five Canadian business stories to watch this week
Canopy Growth’s fourth-quarter results, bank earnings and new GDP figures are among the stories expected to make headlines in the days ahead.
Shopify to keep offices closed until 2021 as firm shifts to permanent remote-work mode
Shopify’s chief executive says the company’s offices will remain closed until 2021, and that most employees will permanently work remotely. Tobi Lutke made the announcement
Ottawa’s inflation rate grinds down to 0.8% in April
The national drop in inflation in April was fuelled by a 39.3 per cent plunge in gasoline prices, the largest year-over-year decline on record.
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