Google to pay $100M a year to Canadian news publishers in deal with feds
The federal Liberal government has reached a deal with Google over the Online News Act, following threats from the digital giant that it would remove
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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.
Porter, Air Transat launch joint venture to gird against domestic competition
Porter Airlines and Air Transat have announced a joint venture as the two carriers look to expand their range of destinations and tap into each
Business groups point to missing items in feds’ fall economic statement, including CEBA deadline
CFIB said it is “deeply disappointed” the feds fall economic statement didn’t include measures to help small businesses, like extending the CEBA loan deadline.
Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.
Freeland’s fiscal update pledges new guardrails to keep deficits in check
Finance Minister Chrystia Freeland presented her fiscal update in the House of Commons on Tuesday, stressing the pressure inflation and a slowing economy are putting
Statistics Canada says annual inflation rate slowed to 3.1% in October
The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell,
CRA claws back $458 million in pandemic era wage subsidies after partial audit
The CRA has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program after a partial audit.
Economists expect inflation slowed again in October as high interest rates take hold
Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly.
Feds launch $10M program for small businesses in Indigenous tourism
The federal government has launched a $10-million program to provide grants to small businesses involved in Indigenous tourism across Canada.
Canadians should plan for higher interest rates in the long run, BoC’s Rogers says
Bank of Canada senior deputy governor Carolyn Rogers is warning interest rates might not return to the low levels people were used to before the
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