Housing gap steady as lower incomes expected to offset construction slowdown: CMHC
Canada will be short about 3.5 million homes by the end of the decade compared with what’s needed to restore affordability, per CMHC.
Skip to content
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.
Airline competition ramps up, setting stage for showdown and reducing (some) fares
Though Canadian flights have long been dominated by Air Canada and WestJet, the emergence of newer carriers including Flair Airlines and Lynx Air has shaken
Via Rail ramps up service, returning it to pre-pandemic levels
The ramp-up comes three-and-a-half years after the pandemic brought some operations to a screeching halt, when Via Rail suspended its cross-Canada routes and temporarily laid
Interest rate hikes might be over but don’t expect housing market to flare up: BMO
One Bay Street economist says it’s unlikely the housing market will flare up, despite the Bank of Canada’s decision to keep its key interest rate
Bank of Canada may need to raise interest rates again, despite this week’s hold: Macklem
Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Zellers pop-ups land in remaining Hudson’s Bay stores, including Bayshore Shopping Centre
Hudson’s Bay is expanding its Zellers brand to even more of its department stores, with pop-ups set to open within all Hudson’s Bay stores that
Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins
Economists see Bank of Canada holding on rates after surprise GDP contraction
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada’s rate hiking campaign may be
Online News Act could see Google, Meta pay combined $230 million to Canadian media
The federal government has put a price tag on how much it would like to see Google and Meta spend under an act requiring the
Canadian pot stocks climb on reports that U.S. may ease cannabis restrictions
Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance.
Get our email newsletters
Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.
The Latest
Video
OBJ360
Sponsored
Sponsored
The Ottawa Hospital Foundation’s Campaign to Create Tomorrow
The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
EXPERT BLOGS
Help Shape the Future of Ottawa’s Historic ByWard Market: Apply to Join the BMDA Board of Directors
ByWard Market District Authority
