Is Facebook’s day of reckoning a blip or sign of a broader turn?
Facebook faced a day of reckoning Thursday as its shares plunged in the biggest one-day drop in stock-market history. The 19 per cent drop vaporized
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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.
Loblaw anticipates higher food prices soon due to trade war
Canadians will likely have to pay more for certain food items soon as grocers grapple with the impact of new tariffs in an ongoing trade
Telus leads $62M round of financing for Toronto-based startup League
A Canadian startup company has raised $62 million from Telus Ventures and other major backers to expand its digital employee health benefits business with new
U.S. pot firm looking north to raise capital
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access
Alphabet records $3.2B quarterly profit, despite massive EU fine
Google parent Alphabet on Monday reported second-quarter earnings that pleased Wall Street, even as it booked a $5.1 billion charge to cover a fine levied
Feds fail to secure new buyer for Trans Mountain pipeline by deadline
The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another
Five Canadian business stories to watch this week
Aecon earnings Aecon Group Inc. releases second-quarter results after markets close on Thursday. The construction company, which was recently the target of a failed acquisition
Ottawa inflation rate rises to 2.5% in June
The price of consumer goods in Canada’s capital inched upwards last month, mirroring a national trend, Statistics Canada reported Friday. Ottawa’s annual inflation rate rose
‘Ghost kitchens’ emerge in Canadian food scene as delivery grows in popularity
George Kottas owns 15 restaurants in the Greater Toronto Area, but almost none of them have a dining room or takeout counter, and if you
EU fines Google a record $5B over mobile practices
European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record US$5 billion for forcing cellphone makers that use the company’s
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