Federal budget bill quietly proposes tool to ease penalties for corporate crime
A federal plan to take a bite out of corporate crime by allowing prosecutors to suspend criminal charges against companies has potential downsides, an internal
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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.
TD Bank discounts five-year variable mortgage rate as competition heats up
TD Bank is joining a rival bank in offering a highly discounted variable mortgage rate as competition among Canada’s biggest lenders heats up. The Toronto-based
Jean Coutu price was high but will pay long term dividends, says Metro CEO
The cost of buying the Jean Coutu Group was high but the pill wasn’t too difficult to swallow because it will generate a good return
Regulations cost Ottawa-Gatineau single family home buyers an extra $112,000 on average: study
Buyers in Canada’s most overheated real estate markets paid an average of $229,000 extra per home between 2007 and 2016 because of regulations making it
A&W chief executive doubles down on burger chain’s growth strategy
The first woman to take the helm of A&W Food Services of Canada Inc. spent nearly three decades preparing to lead the company and said
Five Canadian business stories to watch this week
DHX’s doldrums Children’s entertainment company DHX Media Ltd. discusses third-quarter results on Monday. Executive chairman Michael Donovan recently said the company’s strategic review will be
WestJet pilots vote for strike action; vow not to disrupt long weekend travel
WestJet pilots have committed to not disrupting passenger travel plans over the Victoria Day long weekend despite voting overwhelmingly to give its union a strike
Telus postpaid wireless subscribers up 9%, but lower than Big Three rivals
Telus Corp. joined the club of Canadian wireless providers that posted stronger subscriber growth in the first quarter, although its additions paled in comparison to
OMERS buying recruiting firm Alexander Mann Solutions in deal valued at $1.4B
Pension fund manager OMERS says it has signed an agreement to acquire British-based recruiting firm Alexander Mann Solutions in a deal valued at about $1.4
Central bank raises key metric used to determine mortgage eligibility
The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests
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