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.

Update: Apple unveils $999 iPhone X, loses ‘home’ button

Escalating price reflects the increasing sophistication of smartphones, which have been evolving into status symbols akin to automobiles.

Ontario government’s marijuana monopoly could weed out craft growers

Ontario's plan to sell and distribute recreational pot exclusively through a network of government-operated stores could lock...

Five Canadian business stories to watch this week

Poker face: The online gambling company formerly known as Amaya Inc. will face questions Monday at a...

Update: Ontario will sell pot in 150 LCBO-run stores when pot is legalized next year

Ontario is the first province out of the gate with a detailed plan to sell and distribute...

Travel industry waiting to see if storms force change in winter destinations

Airlines scurrying to evacuate customers from Caribbean islands in the destructive path of hurricane Irma say it's...

Rising interest rates a warning to consumers on cost of high debt loads

The Bank of Canada's second interest rate increase this summer has financial experts warning that more could...

Hudson’s Bay investor threatens to remove directors following $201M loss

An activist investor in Hudson's Bay Co. threatened Wednesday to seek the removal of company directors unless...

Tax changes needed to avoid ‘two classes of Canadians’: finance minister

Federal Finance Minister Bill Morneau says income-tax reforms are needed because small business owners have an unfair...

Update: Bank of Canada hikes interest rate to 1% as country’s powerful growth broadens

The Bank of Canada has raised its interest rate for the second time in less than two...

‘The Canadian construction sector is for sale,’ as Aecon looks for a bidder

Canada's construction industry may soon have a better idea of how attractive it is to the increasingly...
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