Canadian household debt hits another record in Q4
The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household credit market
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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.
Government acted ‘within hours’ of website security breach, say officials
A security breach at Statistics Canada’s main website prompted the government to shut down a number of services over the weekend, including electronic tax filing
Intel drops US$15B on Mobileye in race for a driverless future
Intel will buy Israel’s Mobileye in a deal valued at about US$15 billion, instantly propelling the computer chip and technology giant to the forefront of
Liberals nearing decision on how to spend $800M earmarked for innovation
An $800-million commitment central to the Trudeau government’s economic growth strategy is expected to be divvied up within the next few months among groups and
Five Canadian business stories to watch this week
Corporate ledger: Just a smattering of earnings this week. Some notables include Quebecor, HNZ Group and Spin Master. U.S. interest rate decision: The U.S. Federal
Ontario reconsidering a foreign buyers’ tax to cool housing market
A foreign buyers’ tax is back on the table in Ontario, with the finance minister saying Thursday it’s one possible option he’s looking at to
Federal budget won’t contain specific actions to address Trump uncertainty
If the Trudeau government plans to take steps to address the economic risks of the Donald Trump presidency, they won’t be in the upcoming federal
Feds cross ‘milestone’ in clearing Phoenix pay backlog
Government officials say they’ve turned the corner in trying to fix the troubled Phoenix civil service pay system. But Public Services and Procurement Canada deputy
Federal government to table budget on March 22 amid Trump related uncertainty
Finance Minister Bill Morneau will introduce the federal government’s latest budget on March 22, his first amid the economic uncertainty of the Donald Trump era.
Oh Snap? After bursting out of the gate, shares give way
Anyone wanting to invest in the company that owns Snapchat now has an opportunity to do something that early investors were unable to do: buy
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