Unifor splits with Canadian Labour Congress over workers’ right to choose union
The largest private sector union in Canada said Wednesday it is splitting with the Canadian Labour Congress over issues which include disagreements about the rights
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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.
Feds promote clean tech with new BDC funding
The federal government will give $700 million over the next five years to the Business Development Bank of Canada in a bid to grow Canada’s
Big brewers call on feds to axe increasing beer tax
The federal government’s plan to hike excise taxes on beer every year will result in consumers paying more for the alcoholic beverage and business owners
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
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
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