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
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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.
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
Recent retail IPOs has Indochino considering going public
Indochino is mulling over the idea of an initial public offering following the recent splash Canadian retailers Aritzia and Canada Goose made in their trading
Bank of Canada warns workforce automation could intensify income inequality
A senior Bank of Canada official says while the country’s poised to reap economic benefits from technological progress, it must also brace for potentially painful
Netflix standing on the threshold of 100M subscribers
Netflix is on the verge of surpassing 100 million global subscribers, a testament to how much the video streaming service has changed the entertainment landscape
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