Ontario won’t make COVID-19 vaccination mandatory for any industry, Ford says
Ahead of lifting restrictions on gyms and indoor restaurant dining, Ford also said his government isn’t planning to develop a provincial “vaccine passport” similar to
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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.
Bank of Canada cuts growth forecast for 2021, reduces bond buying target
The central bank said it expects the economy to grow 6% in 2021, down from its previous forecast of 6.5%
‘Buy local’ mindset on the rise as consumers, distributors seek food security
Higher shipping costs are making nearshoring and onshoring much more attractive.
Porter to fly new jets on Ottawa routes amid major expansion
Added competition stemming from the carrier’s growth to Toronto Pearson airport will be good news for travellers, analyst says
Five Canadian business stories to watch this week
A preview of some of the national business news that will be making headlines in the coming days.
Black-owned restaurateurs expect long recovery times from pandemic lows
Black entrepreneurs say they face extra challenges in an industry notorious for low margins, high staff turnover and long hours.
Air Canada to recall 2,600 workers as demand for travel bounces back
Move fuelled by increase in vaccinations, decline in COVID-19 cases and easing of governments restrictions.
TekSavvy won’t bid in wireless auction, may raise prices after CRTC rate decision
The CRTC reversed a 2019 decision that lowered the rates smaller providers such as TekSavvy pay to piggyback on the networks of larger cable and
Banks face questions about deploying cash as they ease up on reserve building
Executives from the country’s most prominent banks faced questions from analysts Thursday about what they’d do with all the cash they are sitting on.
Siemens Mobility beefs up Canadian transit capabilities with purchase of RailTerm
LRT projects in Ottawa and Gatineau among the mass transit opportunities in Canada attracting attention.
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