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.

Hudson’s Bay looking at closing half its stores amid restructuring: source

The restructuring process Hudson's Bay kicked off Friday will likely see Canada's oldest company shrink as it...

‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty

The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to...

Federal government announces $6.5-billion aid package for businesses hit by trade war

The federal government has put together a $6.5-billion aid package and is making temporary changes to the...

Canadians cancel U.S. travel plans amid anger over tariffs, weak loonie

Airlines and travel companies have seen bookings to the United States plummet as Canadians rethink their plans amid anger over the...

Canadian recession looms this year if U.S. tariffs stay in place: economists

Economists say the Canadian economy is poised to plunge into a recession this year if U.S. tariffs...

Canada’s economy heated up heading into 2025 — now comes Trump

Canada's economy was heating up heading into 2025, but the return of U.S. President Donald Trump to the White...

Canadian consumer confidence hits lowest level since 2023 on U.S. tariff fears

Fears of a trade dispute with the United States have pushed consumer confidence in Canada to its lowest level in...

Canadian chip and hardware makers brace for tariffs, seek domestic support

Ramee Mossa was months into fundraising for his power hardware company FTEX when U.S. President Donald Trump started looming over the...

Home sales dented by tariff worries in January as listings surge: CREA

Tariff uncertainty put downward pressure on home resales in January while total listings saw one of the...

Economists more confident in Bank of Canada rate hold as inflation ticks up to 1.9%

Economists are more confident the Bank of Canada might pause its interest rate cuts next month —...
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