Bank of Canada hikes interest rate to 1.25%
The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer – but
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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.
Six Canadian banks manipulated an interest rate benchmark, U.S. lawsuit alleges
A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to increase the profitability of their derivatives trading business
Interest rate hike, new mortgage rules may trigger real estate market slowdown
Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if
End of a retail era: Sears Canada closes its final stores
The few remaining Sears Canada stores closed their doors for good on Sunday. The longtime staple of Canada’s retail landscape declared bankruptcy last year and
Five Canadian business stories to watch this week
Valeant headed to court Valeant Pharmaceuticals International Inc. is scheduled to appear in U.S. court alongside activist investor Bill Ackman’s Pershing Square on Tuesday to
Postmedia reports $5.8M profit as digital gains fail to match print revenue drop
Revenue from Postmedia Network Canada Corp.‘s printed publications continued to fall faster than digital revenue grew as the company reported a smaller quarterly profit. Canada’s
Hydro One wants to spend $15M to redesign bills
Ontario’s largest and recently privatized electricity utility has spent $9 million to redesign bills and is proposing to spend an additional $6 million on the
Here’s what will – and will not – happen if Trump starts NAFTA pullout
As NAFTA talks enter their most sensitive phase, a fever of speculation has broken out about whether Donald Trump might soon announce his intention to
‘Hold the sugar, hold the cream, Tim Hortons don’t be mean,’ protesters chant
Protesters who rallied outside Tim Hortons locations across Ontario on Wednesday roasted some franchisees for slashing workers’ benefits and breaks in an effort to compensate
Rising minimum wages could speed up automation, not relocations: labour leaders
Companies might not be able to dodge rising minimum wages by relocating even their most mobile workforces to lower wage provinces, but higher costs could
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