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.

DavidsTea closing 82 stores in Canada, all 42 U.S. stores

Closure of "a significant number of money-losing stores" will allow firm to focus on e-commerce sales.

High unemployment, $343B deficit projected in Liberals’ fiscal snapshot

Liberal government says it believes there will be a slow return to a new normal, with unemployment high and economic growth low through to at least the end of 2021.

Ontario business owners finding themselves on their own when it comes to mask enforcement

Short of calling the police on noncompliant customers, businesses may find they have little power to enforce their policies on the public.

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.

Fashion retailers confront consumer shifts amid ‘long slow ramp’ to new normal

'People aren't wearing a sports jacket when they're working from home.'

New North American trade deal comes into force

U.S. trade ambassador promises enforcement

Trade experts urge heads-up approach for businesses as new North American trade deal comes into force

Assuming USMCA does little more than update its old NAFTA predecessor would risk running afoul of the deal's new rules – or worse, leaving money and new prosperity on the table.