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.

Transat revenues drop by 99%; 2,000 layoffs expected

The airline's acquisition by Air Canada looks increasingly uncertain.

TekSavvy, other independent internet providers cheer court decision upholding CRTC wholesale rates

Bell, Rogers appeals rejected

Bank of Canada warns of uneven recovery despite better than expected bounce back

Central bank holds key interest rate at 0.25%

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.

Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers

This is the second time Rogers has been rebuffed in a move to wade into the Quebec market.

Canadian tech group makes pitch to Liberals as part of wider push to shape recovery plan

Council of Canadian Innovators suggests avoiding traditional recovery tools like massive construction spending in favour of addressing shortfalls in the knowledge-based economy.

As another month’s rent comes due, small businesses face holes in government support

While Canada Emergency Business Account program is being extended until the end of October, the Canada Emergency Commercial Rent Assistance program ended Aug. 31.

Five Canadian business stories to watch this week

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

Canadian economy posted record drop in second quarter due to pandemic

GDP contracted at an annualized rate of 38.7%, the worst posting for the economy dating back to when comparable data was first recorded in 1961.

‘We’re not out of this yet’: Canadian banks brace for uncertainty as recovery takes hold

The Big Six banks said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief.
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