DavidsTea to shrink network to 18 stores in Canada after renegotiating leases
Move comes after chain closed 82 other stores in Canada and all 42 of its stores in the U.S. in early July to focus on
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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.
Big Tech CEOs face congressional heat on competition
Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple are answering for their companies’ practices before Congress.
Take commercial landlords ‘out of the equation’ for rent relief: CFIB
Business organization says the bar to qualify for rent relief has also proven to be too high for businesses.
Five Canadian business stories to watch this week
Shopify holds Q2 earnings call Wednesday.
Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%
But experts say shoppers are likely to return to brick-and-mortar stores.
COVID-19 tracing app starts beta testing after three-week delay
Volunteers from Shopify were part of a team that developed the app.
Empire plans 20 new Farm Boy locations across Ontario
Sobeys and Safeway owner also plans more e-commerce investments planned across network.
Ottawa inflation rate accelerates to 1.2%
Nationally, June inflation rate turns positive amid early stages of economic reopening
Automotive sector helps Canadian retail sales surge 18.7% in May: StatsCan
Sales were buoyed by government income-support programs and consumers satisfying pent-up demand – both of which could fade in the second half of the year,
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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