Banking regulator defends mortgage stress test, open to change when warranted
Canada’s financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Canada’s Sunrise Records to buy failing HMV, safeguarding most jobs
Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. However, administrator KPMG says
Ottawa contractor answers the call for SurveyMonkey’s new Canadian HQ
MARANT Construction delivers downtown office for Silicon Valley tech firm
Five Canadian business stories to watch this week
Let’s talk stress The Office of the Superintendent of Financial Institutions’ assistant superintendent Carolyn Rogers will speak to The Economic Club of Canada on Tuesday
Tim Hortons co-founder Ron Joyce dies at age 88
Ron Joyce, who rose from a childhood marked by the Great Depression to co-found the Tim Hortons doughnut chain, has died at the age of
Ontario may allow disclosure of prices in real estate bidding wars
Ontario home buyers may soon be able to find out the prices and conditions of other offers in bidding wars. The government launched a consultation
Canopy Growth among firms vying for POT stock ticker in recent lottery
The POT stock ticker has been allocated by random lottery to a publicly listed company, but Canada’s largest stock exchange operator is not naming the
Amazon embroiled in Ontario labour relations board complaint over couriers
A union representing Ontario couriers delivering packages for Amazon.com Inc. is alleging the e-commerce giant engaged in unfair labour practices that resulted in the termination of
E-scooters, bikes and alcohol delivery part of Uber Canada’s plans for 2019
Bikes, booze and e-scooters are part of Uber Canada’s plans for the country in 2019. Managers from the U.S.-based tech giant revealed Monday priorities they
Five Canadian business stories to watch this week
Metro meeting Grocery and pharmacy chain Metro Inc. holds its annual meeting and releases its first-quarter results on Tuesday. The retailer reported in November that
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