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.

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.

Travel agents, squeezed by COVID-19 restrictions, adapt to a changed industry

Travel agents say they see an important role for themselves as guides for their customers in a confusing and rapidly changing landscape.

‘Fighting for our lives’: Canada’s theatre industry tries to plan for uncertain 2021

NAC is thinking on a more local scale, rather than counting on productions with international artists or even those from other regions in Canada who might face travel restrictions.

Five Canadian business stories to watch this week

A preview of some of the stories that will be making headlines in the days ahead.

Household debt ratio rises to 170.7 per cent, StatCan says

Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.

Airbnb shares more than double in price in long-awaited IPO

Airbnb wants to add more hosts and properties, expand in markets like India, China and Latin America and attract new guests. First, it will need to recover.