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.

Indebted Canadian businesses more ‘fragile’ than during initial COVID-19 wave, BDC economist warns

BDC survey says the top priority of business owners is getting their financial houses in order, including reducing operating costs and improving cash flow.

Liberals’ ‘supercluster’ program falling short of promised jobs, economic growth

Program aims to bring business, academic institutions and other non-profits together for research projects that could have economic benefits.

Five Canadian business stories to watch this week

A preview of the national business news that will be making headlines in the coming days.

B.C. court approves sale of struggling outdoor equipment retailer MEC to U.S. firm

Despite a struggle with sluggish sales, inventory issues and increasing online competition, the severity of the retailer's financial woes and its decision to sell came as a surprise to members.

Infrastructure bank to invest $10B in priority areas for pandemic recovery

Bank has been criticized for the relatively few investments it has made thus far.

Economic rebound slows; Canadian economy grew 3% in July

Gains have been linked to the loosening of restrictions that forced non-essential businesses to close this spring, but haven't been enough to haul the economy back to pre-pandemic levels.

National employer survey projects more salary freezes ahead

Morneau Shepell forecasts national average salary increase will be about 1.6% including freezes – down from 2.4% average increase in 2019.

Five Canadian business stories to watch this week

A preview of the national news that will be making headlines in the coming days.

Feds offer $50M fund to film, TV productions struggling to get insurance

Fund will offer productions a maximum compensation of $1.5 million in the case of a temporary interruption and $3 million in the case of a complete shutdown of production.

BlackBerry reports Q2 loss, revenue up from year ago

BlackBerry executive chairman John Chen says the sequential and year-over-year revenue growth this quarter exceeded the company's expectations despite the ongoing challenges from COVID-19.
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Ottawa Board of Trade: Powering Ottawa’s Future to Influence to Connect to Grow

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