Freeland sworn in as federal finance minister as PM set to seek prorogation
Freeland replaces Bill Morneau, who resigned Monday after weeks of controversy over his and Prime Minister Justin Trudeau’s roles in awarding a sole-source contract to
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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.
Finance Minister Bill Morneau resigns, plans to run for head of OECD
Bill Morneau said he had considered leaving his role as finance minister for some time, adding that he never intended to run for a third
Five Canadian business stories to watch this week
A preview of some of the national stories that will be making headlines in the days ahead.
Competition Bureau launches probe of Amazon, seeks input from businesses
Review to look at whether Amazon policies impact sellers’ willingness to offer their products at a lower price on other retail channels, such as their
CAE to lay off 350 employees, mostly in Canada, as Q1 revenue drops by a third
About 200 of the layoffs will be at the flight simulator maker’s headquarters in Montreal, with the other 150 occurring across its civil training network
Five Canadian business stories to watch this week
StatsCan to release new home price index on Wednesday.
Feds to create EI-like benefit for gig, contract workers, extend rent relief program
The $80-billion Canada Emergency Response Benefit is set to wind down over the coming weeks, with those who are EI-eligible to start drawing assistance that
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
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.
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