Ottawa inflation rate accelerates to 2% in February
The annual pace of inflation in Canada ticked lower in February as higher prices for gasoline were offset in part by declining costs for fresh
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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.
Budget 2017: Feds see slimmer deficits, make ‘big bets’ on high growth sectors
The Trudeau government unveiled a budgetary crystal ball Wednesday that foresees slightly smaller deficits and a growth-lifting plan that places “big bets” on what the
Budget 2017: Liberals try to ease anxiety and get Canada ready for the future
The future is coming at you, fast, and the Liberal government says it knows you’re getting anxious – and potentially angry. Finance Minister Bill Morneau
Fed raises rate and sees more hikes as US economy improves
The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that further hikes this year will be
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
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
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