Retail sales ‘hit a wall’ in July after two months of significant gains
“It’s a pretty sharp pullback after some explosive growth in retail spending in June.”
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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.
Wage subsidy extension into 2021 critical for tourism sector to survive: industry
‘Our sectors are different – we cannot offer curbside pickup, e-commerce or pivot to manufacturing new products.’
Ontario to lower limits on social gatherings after COVID-19 cases increase
Pharmacies across the province will be allowed to conduct COVID-19 tests to increase capacity; Ottawa reports 61 new cases.
Ottawa inflation rate holds steady at 0.9%
Consumer demand has held up better than expected over the summer, which has allowed for price growth in some categories as well as letting businesses
Liberals don’t plan to cut military spending to rein in deficit: Sajjan
Canadian Armed Forces was previously hit by deep cuts when the federal government struggled to balance the books in both the 1990s and early 2010s.
Five Canadian business stories to watch this week
A preview of the national news that will be making headlines in the days ahead.
Transat revenues drop by 99%; 2,000 layoffs expected
The airline’s acquisition by Air Canada looks increasingly uncertain.
TekSavvy, other independent internet providers cheer court decision upholding CRTC wholesale rates
Bell, Rogers appeals rejected
Bank of Canada warns of uneven recovery despite better than expected bounce back
Central bank holds key interest rate at 0.25%
Five Canadian business stories to watch this week
A preview of some of the national business news that will be making headlines in the days ahead.
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