Five Canadian business stories to watch this week
Lobbying on lumber: Brace for another round of arm-twisting on softwood lumber. The Union of Quebec Municipalities will be in Washington, D.C., throughout the week
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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.
Moody’s downgrades ratings for Canada’s big banks amid consumer debt worries
Moody’s Investors Service has downgraded Canada’s six big banks in another worrying sign about growing consumer debt and housing prices. The cut reflects an ongoing
Federal cost of natural disaster help has been steadily rising since 1970
The increasing number and intensity of natural disasters in Canada pushed the federal government’s bills for federal help to $360 million a year since 2011
Pot by numbers: Feds collecting cannabis data in effort to extinguish illegal marijuana trade
The federal government is hoping to find strength in numbers as it tries to stamp out the illicit marijuana market. Government officials are collecting data
Bombardier’s Beaudoin to relinquish executive role but remain chair: company
Bombardier says Pierre Beaudoin is planning to relinquish his executive role with the company as of June 30 but remain chairman of the board of
Marijuana to take less than 1% out of multibillion dollar booze sales: study
The recreational marijuana industry is expected to take a sip of less than one per cent initially out of annual Canadian alcohol sales once it
Calorie clash: Freshii calls Ontario menu regulation ‘overly simplistic’
A regulation requiring restaurants in Ontario to display calorie counts on menus is “overly simplistic,” Freshii said Tuesday after inspectors were dispatched to ensure the
Ontario sells what it expects to be final tranche of shares in Hydro One
The Ontario government is selling what it expects to be its final offering of shares in Hydro One, a move it says could raise more
Senate committee calls for Liberals to kill interim Super Hornet purchase
The Senate defence committee released a report Monday blasting the Trudeau government’s “political decision” to purchase Super Hornet fighter jets, while all but endorsing the
Tim Hortons CEO brushes aside skepticism of ambitious U.K. expansion plans
The CEO of the parent company of Tim Hortons is brushing off skepticism that the British will embrace its double-doubles and Timbits as it readies
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