Sky Regional to shut down at the end of March after losing contract with Air Canada
Company becomes the first domestic scheduled airline to permanently shut down since the start of the pandemic.
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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.
After worst year on record, Canadian economy enters 2021 with momentum
Statistics Canada said the economy grew at an annualized rate of 9.6% over the last three months of 2020
CAE to buy L3Harris military training business for US$1.05B
The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI.
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.
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.
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The $500-million fundraising campaign is the largest in our city’s history. It will reshape the future of healthcare in Ottawa and beyond.
