Statistics Canada says wholesale sales rose 4.2 per cent in January
Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal
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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.
Statistics Canada says higher prices helped manufacturing sales edge up in January
Statistics Canada says manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal
ESG investors taking closer look at portfolios amid war in Ukraine
The war in Ukraine is forcing investors, especially those who prioritize environmental, social and governance (ESG) factors, to take a closer look at the stocks
Supply chain woes slashing Canadian manufacturing, hurting small businesses
A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.
Shopify suspends operations in Russia, announces aid for Ukraine
Ottawa-based Shopify will temporarily suspend operations in Russia and Belarus and will not be collecting fees from its Ukrainian merchants and partners for the “foreseeable
Statistics Canada says country posted merchandise trade surplus for January
Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in
Higher interest rates could dim valuations for VC backed startups in Canada: experts
Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away. On Wednesday,
Macklem says Bank of Canada needs to raise rates to moor inflation expectations
Top central banker says raising bank’s benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the
WestJet Group to buy Sunwing Airlines amid turbulent global travel market
Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc.
UPDATED: Bank of Canada hikes key interest rate
The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,
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