Metro Q2 profit beats estimates, as expense control offsets lower food prices
Metro Inc. was able to increase its profit and beat analyst estimates for the second quarter, despite an overall decline in Canadian food prices. The
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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.
Trump takes first swing in lumber war: tariff of 20 per cent on Canadian lumber
The United States has fired the opening shot in a latest softwood-lumber war against Canada, with the Trump administration announcing its first batch of duties
Statistics Canada says wholesale sales fell 0.2 per cent in February
Statistics Canada says wholesale sales fell 0.2 per cent to $58.9 billion in February, led by lower sales in the personal and household goods and
Five Canadian business stories to watch this week
Closing curtain: Ontario’s securities regulator hears closing submissions Monday in the case against Garth Drabinsky for his role in the Livent Entertainment fraud scandal nearly
Sliding food costs help offset rising gas prices to slow inflation to 1.6%
The country’s annual inflation rate slowed to an unexpectedly weak 1.6 per cent last month as the continued decline in food prices played a big
WestJet Airlines looks to launch new no-frills airline later this year
WestJet Airlines Ltd. (TSX:WJA) will launch a new discount carrier later this year in a bid to offer travellers a no-frills, low-cost option, the company
Ontario to tax foreign buyers, expand rent control to cool housing market
Ontario is following British Columbia’s lead, promising to introduce a tax on foreign homebuyers that the province hopes will help cool the frantic housing market,
Canada’s clean-tech industry growing, but still falling behind: report
Canada’s clean technology sector, once pegged as a growth industry with the potential to be worth $50 billion by the year 2022, is bleeding money
Pharmacy distributors want in on Canada’s legalized marijuana regime
The federal government’s plans for legalizing recreational marijuana has many would-be players looking to carve out a role for themselves in the emerging market, including
Rogers profit jumps as company adds 60,000 wireless customers
Rogers Communications Inc. reported a nearly 28 per cent jump in net income for its first quarter, a day before new CEO Joe Natale formally
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