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.
B.C. court approves sale of struggling outdoor equipment retailer MEC to U.S. firm
Despite a struggle with sluggish sales, inventory issues and increasing online competition, the severity of the retailer’s financial woes and its decision to sell came
Infrastructure bank to invest $10B in priority areas for pandemic recovery
Bank has been criticized for the relatively few investments it has made thus far.
Economic rebound slows; Canadian economy grew 3% in July
Gains have been linked to the loosening of restrictions that forced non-essential businesses to close this spring, but haven’t been enough to haul the economy
National employer survey projects more salary freezes ahead
Morneau Shepell forecasts national average salary increase will be about 1.6% including freezes – down from 2.4% average increase in 2019.
Five Canadian business stories to watch this week
A preview of the national news that will be making headlines in the coming days.
Feds offer $50M fund to film, TV productions struggling to get insurance
Fund will offer productions a maximum compensation of $1.5 million in the case of a temporary interruption and $3 million in the case of a
BlackBerry reports Q2 loss, revenue up from year ago
BlackBerry executive chairman John Chen says the sequential and year-over-year revenue growth this quarter exceeded the company’s expectations despite the ongoing challenges from COVID-19.
Liberals unveil sweeping plan for current and future challenges in throne speech
Liberals emphasize climate change, economic inequality and systemic racism, but say not much can be done if the COVID-19 pandemic is not brought under control.
Online shopping, ‘lifestyle changes’ spur retail revolution, supply chain bottlenecks
Experts say shifts in consumer behaviour mean lengthy backorders are more likely to arise on discretionary items such as patio heaters.
Five Canadian business stories to watch this week
A preview of some of the national business stories that will be making headlines in the days ahead.
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