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.

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 abroad.

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 way.

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 its e-commerce business and supplying grocery stores and pharmacies.

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.
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