Hudson’s Bay shoppers scramble for striped products as company seeks liquidation
When the pre-lunch rush hit Wednesday at the flagship Hudson’s Bay store in Toronto, Brian Bursten was considering himself one of the lucky ones. As
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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.
Inflation’s surprise jump could push Bank of Canada to pause rate cuts
A surprise jump in inflation and a flood of “noise” in the economy may push the Bank of Canada to pause its interest rate cuts
CREA reports home sales fell in February amid tariff uncertainty
Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by
End of federal tax holiday in February expected to lift inflation: economists
Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month. Statistics Canada
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy
The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to
Carney’s win kills Liberals’ much-delayed plan to change capital gains tax
Mark Carney’s victory in the Liberal leadership race put the final nail in the coffin for federal government’s controversial plan to hike the inclusion rate
Hudson’s Bay looking at closing half its stores amid restructuring: source
The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source
‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty
The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.
Federal government announces $6.5-billion aid package for businesses hit by trade war
The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses through
Canadians cancel U.S. travel plans amid anger over tariffs, weak loonie
Airlines and travel companies have seen bookings to the United States plummet as Canadians rethink their plans amid anger over the trade war set off by U.S. President Donald
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