Federal deficit hits $248.2B for first nine months of 2020-21 fiscal year
Sum compares to a deficit of $11 billion in the same period a year earlier.
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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.
Canadian small businesses rack up $135B in debt to survive pandemic: Report
Survey suggests the average small business owner has accrued $170,000 in debt, with businesses in the hospitality, recreation and service sectors most indebted.
Purolator expanding rural facilities amid demand from remote workers
Investment highlights how COVID-19 and the increasing prevalence of remote work are changing residential and commercial patterns across Canada.
Canada, Australia agree to co-ordinate efforts on regulation of online platforms
The growing co-operation between the two countries comes as Facebook backed down on a ban it introduced last week that prevented Australians from viewing and
Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
Canadian bank leaders will likely give analysts insight on how the economy is recovering in different sectors, such as mortgage borrowing, credit card spending and
Ottawa’s inflation rate accelerates to 1.8%
The longer price weaknesses prevail across the country, the longer interest rates are likely to stay low
Second Cup Coffee Co. to be sold to Big Rig owner Foodtastic
Mississauga-based Aegis Brands didn’t disclose Second Cup’s sale price but said it includes $14 million in cash, plus a post-closing earn-out.
Canadian companies paying bonuses – and even increasing them amid COVID-19
Pandemic is making continuity and high performance more important.
Planned increase in CPP premiums on Jan. 1 to hit some workers more due to pandemic
‘That’s going to be hundreds of dollars of new CPP premiums out of paycheques of middle-income Canadians’
Limited quantity of Ontario icewine to likely make 2020 bottles in high demand
The pandemic has affected wine exports in all international markets.
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