Small businesses squeezed by chip shortage, worry tech giants will be supplied first
Large companies are overcorrecting by ordering huge quantities of chips to keep as inventory, exacerbating the shortage.
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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.
Ontario plans to reopen week of June 14 under new three-stage plan
Step one of the province’s reopening plan will see some non-essential retail reopen with 15% capacity limits.
Summer camp to help address ‘social malnutrition’ suffered by young people amid pandemic
Aries Contracting among local firms helping to offer a brighter summer to more young people across the region.
Ontario extends stay at home order to June 2, aims for a ‘two dose’ summer
Recreational outdoor facilities would remain closed to limit mobility and other behaviour that could contribute to the spread of the virus.
Coworking space operator TCC Canada breathes new life into Shopify’s iconic Elgin Street HQ
Move creates opportunities for businesses of any size to access the best designed collaborative workspace in Ottawa.
Canada’s Paper Excellence announces deal to buy Domtar Corp. in US$3B deal
Paper Excellence, which acquired Catalyst Paper Corp. in 2019, will invest in Domtar’s assets for long-term growth.
Air Canada calls on feds to lift hotel quarantine as it prepares for recovery
‘The current mandatory hotel quarantine for arrivals has proven ineffective,’ CEO says as airline posts $1.3B first-quarter loss.
Canada agrees to take part in WTO talks to waive patent protections on vaccines
Drug companies and a number of world leaders argue the measure would only slow down production.
Federal budget ‘overstates’ economic impact of stimulus spending, budget officer says
Higher deficits and debt in the coming years could limit the ability of a government to introduce any new, permanent programs without spending cuts or
MEC looks to its roots as expert outdoor gear provider after insolvency, sale
In a bid to win back loyal customers and attract new ones, MEC is rolling out new membership benefits that include discounts on services, exclusive
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