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.

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...
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