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.

WestJet third quarter profit up from year ago as it carries more passengers

WestJet Airlines Ltd. saw its third-quarter profit grow by about 20 per cent compared with a year...

Liberals to delay billions in planned infrastructure spending

The federal Liberals plan to shift just over $2 billion in planned infrastructure spending to future years,...

Five things to watch for in the Canadian business world in the coming week

Shopify's CEO addresses claims from what he called a "short-selling troll" and other stories to watch in Canadian business this week.

Coworking space demand soars as career patterns shift, firms cut costs: experts

A deal between one of Canada's oldest retailers and a fast-growing U.S. startup that wants to convert...

Roots shares plunge in trading debut on TSX amid challenging retail environment

Shares of retailer Roots Corp. had a less-than-stellar initial public offering, plummeting more than 16 per cent...

Chinese company inks deal to buy Aecon Group

Aecon Group Inc. (TSX:ARE) has signed a deal to be acquired by CCCC International Holding Ltd. in...

Update: Bank of Canada holds interest rate, suggests future hikes will come at a more cautious pace

The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested...

Census: Home ownership rates take historic dip as more Canadians opt to rent

Not everyone wants to own a home these days, Evan Siddall concedes – not even his own...

Liberals use a third of their economic windfall for new tax measures, spending

The Trudeau government is dedicating about a third of the windfall it's expecting from Canada's surprisingly strong...

Retail jobs put at risk by self service technology, experts say

Retailers are racing to adopt new technologies, like the self-scanner Walmart has rolled out in 22 Canadian...
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